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LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

Last Updated: Sunday, July 13, 2014, 19:11

State-owned life insurer LIC has shored up its stake in Infosys to 3.82 percent, purchasing shares worth about Rs 1,100 crore in the April-June quarter.

ICICI to list insurance units when valuations optimum: Kochhar

ICICI to list insurance units when valuations optimum: Kochhar

Last Updated: Sunday, July 13, 2014, 11:55

"But the thing is that we do not really need capital, whether it is in the bank or in the insurance company," Kochhar said.

Insurance Bill may be taken up in current session: FinMin

Insurance Bill may be taken up in current session: FinMin

Last Updated: Sunday, July 13, 2014, 11:00

The ruling BJP had earlier opposed raising the FDI cap in the insurance sector from 26 percent to 49 percent.

BJP speaking Congress` language on FDI: Rajiv Shukla

Last Updated: Saturday, July 12, 2014, 15:26

Congress leader Rajiv Shukla on Saturday hit out at the BJP for the Centre`s decision to implement FDI in defence and insurance.

Jaitley hopeful of BJP support on 49% FDI in insurance

Last Updated: Friday, July 11, 2014, 11:41

Currently foreign direct investment (FDI) is allowed up to 26 percent in the private insurance companies.

FDI in insurance to be hiked to 49%: Jaitley

Last Updated: Thursday, July 10, 2014, 12:40

The move would help insurance firms to get much needed capital from overseas partners.

USIBC seeks relaxation in FDI norms in insurance and defence

Last Updated: Wednesday, July 09, 2014, 12:41

The US India Business Council (USIBC) has sought an increase in FDI cap in key sectors like insurance and defence in Modi government's maiden Budget to be presented on Wednesday.

Govt proposes 49% FDI in insurance, caps voting rights to 26%

Last Updated: Monday, July 07, 2014, 20:12

The government plans to increase foreign direct investment in the insurance sector to 49 percent with a rider that voting right of overseas partner will remain capped at 26 percent.

Fire at LIC building in Kanpur

Last Updated: Thursday, July 03, 2014, 15:18

A massive fire broke out at the Life Insurance Corporation building in Kanpur, police said.

Insurance sector to benefit from any hike in investment limit: AIG

Last Updated: Tuesday, July 01, 2014, 17:54

The reported proposal to double the exemption limit for investments by individuals to Rs 2 lakh in the forthcoming budget will accelerate growth in the insurance sector and also give some relief to the people, a top Tata AIG General Insurance official said Tuesday.

Signs of improvement in US health costs, coverage

Last Updated: Tuesday, July 01, 2014, 04:44

Health costs in the United States surged in the decade to 2010 along with the tally of Americans without medical insurance, but both trends then improved, a study said Monday.

Maxlife Insurance launches new customer centric initiative

Last Updated: Monday, June 30, 2014, 15:06

The share of life insurance as part of personal finance portfolio is declining and its penetration has also been adversely affected.