The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14
In the first two months in FY21, NBP of life insurers dropped almost 30%
Tata group holds on to the top rank while Reliance climbs a spot; Indian Oil debuts in the top 10 list with a 41% jump in brand value
The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993
Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC
This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19
Tax incentive was actually a motivation for individuals to be careful and more risk aware, as well as to protect their families
The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.
The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17
State Bank of India (SBI) had on Thursday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity
The IPO, she said, would be brought out after necessary legislative changes and regulatory approvals
Leaders of the insurance industry bat for 100 per cent FDI in the sector
Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones
The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank
The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21
The proposed listing will render Life Insurance Corporation more transparent and efficient. And certainly, it would enable policyholders to make a significant contribution to the economy
Variegated ownership, a size more than Budget 2020-21, a difficult-to-determine valuation and a slew of other factors make the LIC sale a herculean task
LIC pensioners have been fighting their cases for over 20 years
Move will benefit employees, policy holders and agents, says LIC chairman
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