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LIC

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.

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.

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.

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.

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.

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.

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.

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.

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.