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LIC asks customers to link their PAN cards with policies by FY23 end

Has provided a link on its website through which policyholders can get this exercise done

New tax norm to hurt insurers; stocks attractive for the long run: Analysts

Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products

Congress leader moves SC for probe on Adani Group on Hindenburg charges

Also wants LIC and SBI probed for participating in Adani Enterprises FPO; says investors lost Rs 10 trillion following 50% decline in prices of group firm stocks

5 PSU insurers have Rs 347-crore exposure to Adani firms: FinMin

Earlier this month, Finance Secretary TV Somanathan had termed the Adani issue a 'storm in a teacup'

High ULIP sales, annuity products' repricing squeezed LIC margins

Analysts expect modest RoEV given lower margin profile than private peers

Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

Stocks to Watch: LIC, Zomato, Adani group, Varun Beverages, Voltas, M&M

Stocks to Watch: As per reports, MSCI on Thursday evening said it had cut its determined free float for four companies in the Adani Group: Adani Enterprises, Adani Total Gas, Adani Transmission & ACC

Will meet Adani Group management, seek clarification: LIC Chairman

LIC chairman M R Kumar on Thursday said the officials of the public sector insurer will soon meet top management of the Adani Group and seek clarification on the crisis being faced by the diversified conglomerate. LIC's investment into Adani group firms' stock has come under criticism by the opposition parties as well as investors after US-based short-seller Hindenburg Research made a litany of allegations against the Gautam Adani-led group, saying its companies manage and manipulate share prices, run offshore shell companies for round-tripping and lacking in corporate governance practices. "Though our investor team has already sought clarifications from the Adanis, our top management could contact them yet as we have been busy preparing the results. We are soon going to call them to meet us and explain. We want to understand what is happening in the market and in the group," the chairman told reporters at the earnings conference on Thursday. "We'll be calling them in sometime soon

LIC Q3 results: Net profit surges multi-fold to Rs 6,334.19 crore

LIC earned a total premium of Rs 37,545 crore on an APE (annualised premium equivalent) basis for the nine months ended December 31

Regulations strictly followed while making investments: LIC tells govt

Amid concerns in certain quarters over LIC's exposure to Adani group companies, the government on Tuesday said the insurer has informed that it strictly follows the statutory framework and regulations while making investments. Last week, state-owned Life Insurance Corporation (LIC) said it has investments of Rs 35,917.31 crore in Adani group's debt and equity securities. The amount is 0.975 per cent of the insurer's total assets under management of more than Rs 41.66 lakh crore. The total purchase value of equity, purchased over the last many years, under all the Adani group companies is Rs 30,127 crore and the market value for the same as at close of market hours on January 27, 2023, was Rs 56,142 crore, as per LIC. "LIC has informed that all investments of LIC are carried out strictly as per the statutory framework of the Insurance Act, 1938 and the IRDAI Investment Regulations, 2016 and are guided by a detailed governance mechanism," Minister of State for Finance Bhagwat Karad to

LIC Housing Finance December quarter profit declines 37% as costs weigh

India's LIC Housing Finance Ltd reported a 37% decline in third-quarter profit on Monday, hit by higher financing costs and as impairment charges more than doubled

FY24 disinvestment target pragmatic, but challenging: Dipam Secy Pandey

'Privatisation processes are BMMP (bandwidth, market available, minority shareholders, and the process)', said Tuhin Kanta Pandey

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO

Will engage with Adani management for clarifications Hindenburg charges

M Jagannath and Tablesh Pandey recommended for post of MDs at LIC

They are likely to succeed two of the four MDs who are are retiring soon

Street Signs: Mkt in steel price trap, Adani contagion fears hit LIC & more

Stocks of financial services and information technology (IT) companies have accounted for most of the foreign portfolio investor (FPI) outflows during the first fortnight of this month

LIC continues to bet big on Adani FPO, net gainer despite share price rout

Life Insurance Corporation (LIC) is ploughing more money into Adani group's flagship firm as it continues to be a net gainer despite the plunge in stock prices following a short seller's fraud allegations, filings and stock market data showed. LIC, India's largest life insurer, invested about Rs 300 crore in buying 9,15,748 more shares as an anchor investor in a Rs 20,000-crore new share sale by Adani Enterprises Ltd, according to a stock exchange filing of AEL. The shares that LIC picked totalled 5 per cent of the stocks reserved for anchor investors. In all 33 institutional investors put in Rs 5,985 crore as anchor investors in AEL. LIC already had 4.23 per cent stake in AEL, just like it has holding in other six listed companies of Adani Group. According to stock exchange information, LIC made a total investment of Rs 28,400 crore in Adani shares over the last few years. The value of these shares was Rs 72,200 crore before the report of the US short seller triggered a stock pric

Carnage in Adani group stocks shaves off Rs 24,000 cr from LIC, MF wealth

Adani group stocks have seen an overall erosion of Rs 4.18 trillion ($50 billion) of market value

ING planning return to India by buying controlling stake in IDBI Bank

The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank