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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.

LIC hikes stake in Infosys to 6.7%; buys share worth Rs 1200 cr

Last Updated: Wednesday, July 24, 2013, 19:37

State-run Life Insurance Corporation of India (LIC) has shored up its stake in Infosys to 6.72 percent, with an estimated purchase of shares worth over Rs 1,200 crore during April-June quarter.

LIC to invest about Rs 2.5 lakh cr in markets in FY'14

Last Updated: Sunday, July 07, 2013, 15:30

Unfazed by volatile stock markets, insurance behemoth Life Insurance Corporation (LIC) proposes to invest nearly Rs 2.5 lakh crore in both equity and bonds this year.

Chidambaram asks LIC to start camp in Uttarakhand to settle claims

Last Updated: Wednesday, June 26, 2013, 00:17

Finance Minister P Chidambaram on Tuesday asked state-run Life Insurance Corporation to constitute a special team and set up a big camp office in Dehradun.

Govt appoints S K Roy as LIC Chairman

Last Updated: Monday, June 17, 2013, 21:03

The government Monday appointed S K Roy as the Chairman of Life Insurance Corporation of India.

S K Roy new LIC chief

Last Updated: Friday, June 14, 2013, 21:15

Roy, who is presently a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31.

S K Roy takes charge as LIC MD

Last Updated: Friday, May 31, 2013, 20:21

S K Roy Friday assumed charge of Managing Director of Life Insurance Corporation of India.

FinMin to soon notify 30% investment cap for LIC: Takru

Last Updated: Sunday, May 26, 2013, 14:20

Justifying the decision to treble LIC's investment limit, Takru said the Corporation was sitting on trillions of rupees which have to be invested.

LIC sells 2.13% stake in Dr Reddy's Lab

Last Updated: Monday, May 13, 2013, 18:53

Life Insurance Corporation (LIC) sold 2.13 percent stake in Dr Reddy's Laboratories from January 10 to May 10 through open market, according to a BSE filing by DRL.

LIC eyes 15% growth in first premium income in current fiscal

Last Updated: Friday, May 10, 2013, 18:13

Country's largest insurer LIC is expecting a 15 percent growth in first premium income during the ongoing fiscal after recording a de-growth in 2012-13.