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LIC cuts stake in Infosys to 4.95%; sells shares worth Rs 3,400 cr

Last Updated: Sunday, October 20, 2013, 11:01

State-owned life insurer LIC has pared stake in IT major Infosys to 4.95 percent during the July-September quarter with sale of shares estimated at around Rs 3,400 crore.

LIC asks extension of deadline for meeting new guideline norms

Last Updated: Sunday, September 29, 2013, 12:41

According to the regulator, all the existing group products have to be aligned with the new rules before June 30, while individual products have time till September-end.

Private insurers cut down on branches; LIC ups the ante

Last Updated: Sunday, September 15, 2013, 13:50

The number of branches operated by life insurers across India has come down by over 10 percent in the last two years, primarily because of branch closures by private players even as state-run LIC expanded its footprint.

Finance Ministry asks LIC to name board members in 50 firms

Last Updated: Sunday, September 15, 2013, 11:20

The Finance Ministry has asked Life Insurance Corporation of India to appoint board members in 50 companies in which it has a stake and no representation.

LIC Nomura eyes Rs 10,000 cr AUM in FY'14

Last Updated: Tuesday, September 03, 2013, 19:33

Despite volatility being witnessed in the bond and equity markets in recent months, LIC Nomura Mutual Fund is confident of achieving Rs 10,000 crore of assets under management (AUM) this fiscal on the back of sound performance in its debt schemes.

LIC increases equity stake in SBI to 13.26%

Last Updated: Thursday, August 29, 2013, 21:05

Insurance behemoth Life Insurance Corporation (LIC) has increased its shareholding in the country's largest bank State Bank of India by 2.86 percent to 13.26 percent by acquiring 19.57 lakh shares from open market.

LIC Nomura MF launches 'Auto Premium Payment System'

Last Updated: Wednesday, August 28, 2013, 21:50

LIC Nomura Mutual Fund Wednesday launched a new system to facilitate timely payment of premiums by customers of Life Insurance Corporation (LIC).

LIC major buyer in PSU divestment via OFS; pumps in Rs 16K cr

Last Updated: Sunday, August 25, 2013, 11:57

The OFS or auction route has yielded Rs 33,800 crore to the exchequer through stake sale in 11 companies since March 2012, beginning with oil major ONGC.

Govt ups LIC's investment cap to 25% under special circumstances

Last Updated: Wednesday, August 14, 2013, 19:45

The Finance Ministry Wednesday said the public sector insurance behemoth LIC can increase its investment in companies up to 25 percent from the current 20 percent under special circumstances.

FinMin seeks details of LIC's investment in Gitanjali Gems

Last Updated: Monday, August 05, 2013, 20:51

The Finance Ministry has sought details from Life Insurance Corporation (LIC) pertaining to its investment in Gitanjali Gems.

LIC not salvaging PSU divestment; FIIs largest investor: FinMin

Last Updated: Monday, July 29, 2013, 21:52

Finance Ministry Monday said bulk of investment in government's stake sale in PSUs in 2012-13 fiscal came from foreign institutional investors (FIIs) and that LIC is not salvaging the disinvestment programme.

LIC buys shares worth Rs 8,700 cr in 17 Sensex cos in June qtr

Last Updated: Sunday, July 28, 2013, 10:46

The insurer stake in two companies -BHEL and Sterlite Industries- remained unchanged during the same period.