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LIC sells shares worth Rs 11,000 cr in Sensex cos

Last Updated: Sunday, January 26, 2014, 17:22

Life Insurance Corporation has lowered its exposure in 17 blue-chip firms during the October- December quarter, selling off shares that are currently worth over Rs 11,000 crore.

LIC stake in Axis Bank crosses 10%

Last Updated: Wednesday, January 22, 2014, 16:38

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 percent after it picked up the private lender's shares through open market transactions.

LIC trims stake in Biocon to 3%

Last Updated: Monday, January 20, 2014, 16:06

State-owned LIC has cut its stake in Biocon to a little over 3 percent by selling more than two percent stake for over Rs 162 crore in the biotechnology major.

LIC cuts stake in Infosys to 3.71%; sells shares worth Rs 2,600 cr

Last Updated: Sunday, January 19, 2014, 11:09

State-owned life insurer LIC has pared its stake in IT major Infosys to 3.71 percent during the October-December quarter, raising about Rs 2,600 crore.

LIC trims stake in Ranbaxy to 6%

Last Updated: Monday, December 23, 2013, 19:06

State-owned LIC has cut its stake in Ranbaxy Laboratories to a little over 6 percent by selling more than two percent stake over the past five years.

LIC to stop selling 34 life insurance policies in December

Last Updated: Sunday, December 01, 2013, 11:33

Insurance giant Life Insurance Corporation (LIC) has decided to stop selling as many as 34 policies, including Jeevan Anand, Jeevan Madhur and Jeevan Saral, to comply with new regulatory guidelines.

LIC to outdo first premium collection target for FY14: Chairman

Last Updated: Wednesday, November 27, 2013, 20:13

Insurance major LIC on Wednesday said it will exceed the target for first premium collection for this fiscal, indicating better times for the industry than the last year which was dismal for insurers.

LIC outshines pvt sector insurers in H1 premium collection

Last Updated: Sunday, November 17, 2013, 11:54

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

LIC Nomura eyes Rs 200 cr from new capital protection fund

Last Updated: Monday, November 04, 2013, 19:25

"We plan to launch a capital protection oriented fund soon. From this NFO, we aim to raise at least Rs 200 crore," chief executive Nilesh Sathe said.

LIC is India's most attractive BFSI brand

Last Updated: Wednesday, October 30, 2013, 23:46

State-run insurance behemoth LIC has emerged as India's top-notch brand in banking and financial services industry (BFSI) category.

LIC buys scrips worth Rs 14,500 cr in 15 Sensex cos

Last Updated: Sunday, October 27, 2013, 11:11

State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.

LIC Nomura MF keen on acquisitions to fuel growth

Last Updated: Sunday, October 27, 2013, 10:52

LIC Nomura Mutual Fund, the MF arm of the nation's largest financial entity, may look at inorganic growth route to emerge as a major player in the cluttered industry that has been bleeding for years due to falling margins and flight of investors.