LIC

LIC sells over 2% in Bank of Baroda in open market sale

LIC sells over 2% in Bank of Baroda in open market sale

Calculated on a previous close of Rs 138.30 a share on September 1, the valuation of the stake sale by LIC in Bank of Baroda comes out to be Rs 649.74 crore.

Sep 04, 2017, 19:13 PM IST
No proposal for consolidation of PSBs: Government

No proposal for consolidation of PSBs: Government

However, he said, VRS was offered by the erstwhile associate banks of SBI to their employees and officers before the merger and 3,569 staff opted for it.

Aug 04, 2017, 17:08 PM IST
UCO Bank plans to raise Rs 75 crore capital

UCO Bank plans to raise Rs 75 crore capital

State run UCO Bank on Tuesday said it is planning to raise Rs 75 crore of equity capital during the current financial year in one or more tranches.

May 09, 2017, 19:20 PM IST
Iradai asks LIC to trim holdings in companies to 15% or below

Iradai asks LIC to trim holdings in companies to 15% or below

Regulator Irdai has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches this ceiling, but has stopped short of setting a time-frame for the same.

Apr 30, 2017, 15:12 PM IST
LIC Housing Finance Q4 net profit up 18% at Rs 529 crore

LIC Housing Finance Q4 net profit up 18% at Rs 529 crore

LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31.

Apr 25, 2017, 17:21 PM IST

LIC to infuse Rs 407 crore in IDBI; hike stake to 14.25%

Life Insurance Corporation of India (LIC) will infuse Rs 406.9 crore in IDBI Bank increasing its stake 14.25 percent in the state-owned lender.

Apr 22, 2017, 20:11 PM IST

LIC to soon get bankers on board for managing lending operations

Insurance behemoth LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure that NPAs are kept at the minimum.

Apr 14, 2017, 19:20 PM IST
Vedanta completes Cairn merger

Vedanta completes Cairn merger

The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.

Apr 11, 2017, 20:45 PM IST
LIC's stake in Infosys rises to 7.02%

LIC's stake in Infosys rises to 7.02%

Life Insurance Corporation of India (LIC) on Saturday said it has acquired an additional two per cent stake in Infosys in over three years ending February 2017, taking its total shareholding in the Bengaluru-based software major to 7.02 per cent.

Feb 11, 2017, 19:37 PM IST
Central Bank narrows Q3 net loss at Rs 605.70 crore

Central Bank narrows Q3 net loss at Rs 605.70 crore

Public sector Central Bank of India on Saturday reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans.

Feb 04, 2017, 18:38 PM IST
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.​

Jan 16, 2017, 18:57 PM IST
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.

 

 

 

Dec 18, 2016, 16:35 PM IST
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.

Dec 14, 2016, 19:54 PM IST

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.

Nov 21, 2016, 22:40 PM IST
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.

Oct 26, 2016, 15:21 PM IST
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.

Oct 20, 2016, 18:19 PM IST
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.

Sep 17, 2016, 18:36 PM IST

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.

 

Sep 15, 2016, 21:13 PM IST
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.

Aug 28, 2016, 14:05 PM IST
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.

Aug 03, 2016, 22:01 PM IST