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LIC clocks Rs 11,000-cr profit via equity investments
Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said today. "We saw some profit booking opportunities during the fiscal and have made a profit of Rs 11,000 crore through our equity investments in the recently concluded FY16," its executive director for investment operations, Pravin Kutumbe told reporters on the sidelines of an event here. He said the largest domestic investor pumped-in Rs 2.70 lakh crore across equity and debt markets in the fiscal, of which Rs 65,000 crore was in the equity segment. The depressed markets towards the latter part of the year led to the corporation exceeding on its equity investments target of Rs 60,000 crore announced earlier, he said. He said the banking sector, where a thorough clean-up is underway, presents value buying opportunities at present. The executive director, however, declined to give a sense of how the Life Insurance Corporation (LIC) of
 "LIC clocks Rs 11,000-cr profit via equity investments")
LIC to increase its stake in Indian Overseas Bank to 14.50 %
Insurer to infuse Rs 200 cr into the bank
 "LIC to increase its stake in Indian Overseas Bank to 14.50 %")
LIC remains white knight in disinvestments
The state-owned insurer's stake has increased by 3.9 percentage points to 12.98% in NTPC
 "LIC remains white knight in disinvestments")
LIC buys shares worth Rs 10,400 cr in 18 Sensex cos in Q3
LIC raised stake in Bajaj Auto, Axis Bank, Bharti Airtel, State Bank of India and HeroMoto Corp among others, during the quarter
 "LIC buys shares worth Rs 10,400 cr in 18 Sensex cos in Q3")
