Page 21 - Lic

Govt hopeful of selling minority stake in LIC in next fiscal, says DEA Secy

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion.

LIC IPO: Staff union to hold walkout strike in protests against move

The walk-out will take place at all offices of the insurance behemoth across the country

LIC IPO: Interest of policyholders will be protected, says Anurag Thakur

Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

Small Bang theory: Irrational expectations, and uneventful Budget

Modi likes the budget to be a low-key, routine, annual statement of accounts. Big bang announcements can be made through the year, when it suits his politics

'Against national interest': LIC divestment move faces unions' ire

The new income tax slabs announced Saturday appear aimed at Delhi voters, particularly younger entrants to the job market or those employed in the gig economy

LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts

Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative

Budget 2020: A K Bhattacharya on major takeaways for the Indian economy

What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know

LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts

Currently, the government owns the entire 100 per cent stake in LIC.

Market Wrap, Feb 1: Sensex tumbles nearly 1,000 pts as Budget disappoints

The government proposes to sell a part of its holding in LIC through initial public offer, Finance Minister Nirmala Sitharaman said while unveiling Budget 2020-21

LIC Housing Q3 profit marginally falls to Rs 602 cr on high provisioning

The consolidated income in the third quarter of 2019-20 rose to Rs 5,006.12 crore, from Rs 4,465.76 crore in same period year ago

Need cost-effective products for lower-middle class: LIC chairman

LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade

LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 trn

This is the first time ever any single vertical of the insurer has crossed this record premium income figure

LIC pays Rs 2,611 cr dividend to govt, generated Rs 53,214.41 cr in 2018-19

LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in presence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda

Top 10 biz headlines: Boeing crisis, LIC's investment portfolio, and more

From Indian Railways rationalising fares to fall in bank credit growth, here are the top 10 business headlines for the day

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

SBI to divest 8.25% in UTI AMC share sale; BoB, LIC and PNB may follow suit

The total dilution in the IPO could be 33 per cent

Circular can't override contract

The Commission held that LIC can't be allowed to wake up after 11 years and then issue a circular that would violate the sanctity of the contract of insurance issued by it

Govt to take 6 months to divide J&K Bank assets, liabilities and ownership

With the new development, the Centre will automatically get the 60% share that the state of Jammu and Kashmir holds, but via the Union Territories

PFS to raise Rs 500 cr in equity; looks to bring down gross NPA under 4%

The company has also become the first NBFC to avail of the RBI's credit enhancement scheme by raising Rs 250 crore in bonds from LIC