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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.

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'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.

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 invests Rs 1.5 trillion in G-Secs, crosses regulatory limits

LIC invests Rs 1.5 trillion in G-Secs, crosses regulatory limits

The nation's largest insurance company has so far invested over Rs 53,000 crore into equities this fiscal, Roy told reporters after launching LIC's digital initiative wherein a customer can buy, check and claim her policy online.

Now, check your LIC policies, status and even buy new ones online

Now, check your LIC policies, status and even buy new ones online

The Life Insurance Corporation of India (LIC) Monday launched its own insurance repository – LIC E-services -- which will allow its existing customers to check details of policies, including settlement status, online as well as buy new ones.

How well have you planned for your post-retirement phase?

How well have you planned for your post-retirement phase?

Individuals in the country need to make well directed efforts towards their financial planning and explore the opportunities to invest in such products that offer guaranteed returns for a long duration of time.

LIC to launch maiden ULIP product on Wednesday

Endowment Plus, a unit linked insurance plan (ULIP) will offer investment cum insurance during the term policy and provide due benefit of risk cover and benefits of investment markets, LIC Senior Divisional Manager, Nagpur, R Chander said on Tuesday.

LIC acquires NMDC shares worth over Rs 1,116 cr

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

LIC says ready to buy shares in govt divestment programme

State-run insurance behemoth LIC has invested Rs 45,000 crore in equity markets so far this fiscal and is ready to purchase more shares when government undertakes its divestment programme, Chairman S K Roy said Monday.

LIC chairman bullish on outlook for India's markets

LIC chairman said he expected growth of 12 percent in insurance premiums this fiscal year, in line with 13.4 percent last year.

United Bank raises Rs 300 cr by selling shares to LIC

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

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

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.

LIC raises stake in IGL to 7.2%

Prior to this, the nation's largest life insurer held 7.13 million shares of IGL.

LIC Nomura eyes Rs 200 cr from new capital protection fund

"We plan to launch a capital protection oriented fund soon. From this NFO, we aim to raise at least Rs 200 crore," chief executive Nilesh Sathe said.

LIC Nomura MF keen on acquisitions to fuel growth

LIC Nomura Mutual Fund, the MF arm of the nation's largest financial entity, may look at inorganic growth route to emerge as a major player in the cluttered industry that has been bleeding for years due to falling margins and flight of investors.

LIC to increase equity investment this fiscal: Chairman

Infosys scrip has moved in a wide range from about Rs 2,300 level to around Rs 3,300 in the past 10 months.

LIC asks extension of deadline for meeting new guideline norms

According to the regulator, all the existing group products have to be aligned with the new rules before June 30, while individual products have time till September-end.

Private insurers cut down on branches; LIC ups the ante

The number of branches operated by life insurers across India has come down by over 10 percent in the last two years, primarily because of branch closures by private players even as state-run LIC expanded its footprint.

Finance Ministry asks LIC to name board members in 50 firms

The Finance Ministry has asked Life Insurance Corporation of India to appoint board members in 50 companies in which it has a stake and no representation.