Page 12 - Lic Ipo

LIC says PMJJBY policyholders are not eligible for 'quota benefits'

LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO

Potential investors in LIC IPO fret over govt's control of insurer: Report

LIC has in recent years been a key buyer of shares in state-owned firms sold off by New Delhi, often bailing out less-than-successful public issues of shares

RBI to suck out $5 billion liquidity from the system ahead of LIC IPO

Foreign exchange players said the move is positive for rupee and will push up dollar/rupee forward premium

LIC dividend payout likely to restart after IPO, say market experts

Dividend paid to the government of India in FY19 amounted to Rs 2,663 crore.

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

LIC IPO: Watching geo-political situation carefully, says M R Kumar

LIC chairman M R Kumar on Monday said that the insurance behemoth was watching the geo-political situation carefully

PMJJBY policyholders also eligible for LIC IPO 'quota benefits'

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders

'LIC is well-capitalised,' says chairman M R Kumar ahead of mega IPO

He reassured prospective investors not to worry about the Centre's control post the listing as the company's decisions are taken by its Board and not by the Centre

LIC wants to remain IDBI Bank shareholder for bancassurance gain: Chairman

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network

Top headlines: Monsoon 2022 could be 'normal'; Lalu gets 5 years in jail

Business Standard brings you the top headlines on Monday

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

Reports of massive Covid fatalities in 2021 are speculative: Govt

While claims settled by LIC relate to policies taken by policy holders for deaths due to all causes, the news reports conclude that this would imply Covid deaths were underreported, says govt

Race for IPO quota: LIC policyholders rush to link PAN with policies

Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28

Top headlines: CBI quizzes ex-NSE CEO, IndiGo co-founder resigns from board

Here are the top headlines on Friday

LIC policyholders can apply for IPO at a discount: Here are answers to FAQs

How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders

LIC likely to launch $8-bn IPO on March 11: Report

LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources

LIC IPO may impact liquidity only in the short-term: Satish Menon of Geojit

The degree of effect on the liquidity will depend on the timing of the LIC offer and trend of domestic and global markets

LIC IPO applications: Banks told to raise UPI per-transaction cap

A specially created working group found processing of many applications failed if UPI was selected as a mode of payment by retail investors due to per transaction caps imposed by banks

Over half the stocks that debuted in FY22 trade below listing-day close

Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup