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LIC Housing Finance Q3 net profit up 19% at Rs 499 crore

LIC Housing Finance Q3 net profit up 19% at Rs 499 crore

During the third quarter of the running fiscal, LIC Housing Finance reported an increase of 19.2 percent in its net profit at Rs 499.26 crore.​

4 Listed Tata firms to vote on Cyrus Mistry's removal as director this week

4 Listed Tata firms to vote on Cyrus Mistry's removal as director this week

Four listed Tata firms will vote on resolutions to remove ousted chairman Cyrus Mistry as director from boards this week.

 

 

 

V K Sharma appointed Chairman of LIC for five years: Government

V K Sharma appointed Chairman of LIC for five years: Government

Acting chairman of Life Insurance Corporation V K Sharma was on Wednesday appointed as the Chairman of the insurer for a term of five years.

PFRDA plans 10-time hike in commission for fund managers

Pension fund regulator PFRDA is planning to increase the commission for pension fund managers by 10 times to 0.1 per cent from the present 0.01 per cent, a top official said on Monday.

NBCC share sale: LIC buys over 50% shares on offer, invests Rs 1,200 crore

NBCC share sale: LIC buys over 50% shares on offer, invests Rs 1,200 crore

LIC's stake in the state-run construction firm has gone up to 8.11 percent following its participation in NBCC offer for sale which happened last week.

LIC Housing Finance announces net profit up at 20% to Rs 494.76 crore for Q2

LIC Housing Finance announces net profit up at 20% to Rs 494.76 crore for Q2

LIC Housing Finance has reported an increase of 20.2 percent in net profit at Rs 494.76 crore for the second quarter ended September 30.

LIC unveils new money-back plan to mark diamond jubilee

LIC unveils new money-back plan to mark diamond jubilee

Insurance behemoth Life Insurance Corporation of India (LIC) on Saturday came out with a closed-ended plan -- Bima Diamond -- on the occasion of its diamond jubilee year.

Advance tax: SBI, ICICI see sharp fall; LIC, RIL pay more

Traditionally big taxpayers like large banks failed to cheer taxmen with their second quarter advance tax payouts, but others including steel and cement companies have done comparatively better, helping the department remain hopeful of meeting the annual target.

 

LIC to fill posts for 2 MDs; yet to name chairman

LIC to fill posts for 2 MDs; yet to name chairman

State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for interviews.

LIC invites applications for Advisers, Insurance Agents; 608 vacancies, last date to apply - August 30

LIC invites applications for Advisers, Insurance Agents; 608 vacancies, last date to apply - August 30

LIC has invited candidates to apply for the posts of Adviser, Insurance Agent posts on a permanent basis.

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

LIC chairman S K Roy resigns two years before his term ends

LIC chairman S K Roy resigns two years before his term ends

State-run life insurance behemoth LIC Chairman S K Roy, appointed by previous UPA government, has resigned nearly two years ahead of completion of his five-year term.

 

LIC to hire 2 lakh agents, targets 4 crore new policy issuance

LIC to hire 2 lakh agents, targets 4 crore new policy issuance

Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment its field strength.

LIC's gulf arm tops its overseas chart, chips in 80% income

LIC's gulf arm tops its overseas chart, chips in 80% income

Life Insurance Corporation (LIC) has had a good run in the Gulf countries with its Bahrain-based arm, LIC International, that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015.

NHPC share sale: Institutional buyers put in Rs 3,410 crore bids

State-owned hydropower producer NHPC Ltd's share sale Wednesday garnered 1.58 times subscription, totalling Rs 3,410 crore, with most bids coming in from LIC and mutual funds.

LIC clocks Rs 11,000 crore profit through equity investments in FY16

LIC clocks Rs 11,000 crore profit through equity investments in FY16

Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said Thursday.

LIC to auction Unitech's land in Noida to recover Rs 184 cr

Insurance major LIC will next month auction Unitech's 14 lakh sq meter plot of land in Noida if the real estate company does not repay the entire dues of Rs 184 crore before that date.

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Syndicate Bank to raise Rs 217 crore by share sale to LIC

Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.

Vijaya Bank plans to raise Rs 226 cr from LIC

Vijaya Bank plans to raise Rs 226 cr from LIC

State-owned Vijaya Bank today said it is planning to raise Rs 226 crore from allotment of equity shares to insurance major Life Insurance Corporation of India (LIC) on preferential basis