Page 7 - Life Insurance Corporation

Snippet from LIC history: A minister, a son-in-law & a financial adventurer

The scandal involved the finance ministry and a canny industrialist, and details were eventually brought into the limelight by Jawaharlal Nehru's crusading son-in-law

LIC set for lacklustre market debut despite oversubscription: Analysts

Volatility in global markets and selling pressure in the domestic stock market are likely to cast a shadow on LIC's listing

LIC listing today to India getting new warships: Here're top news on May 17

From Rajnath Singh launching frontline warships to Indian embassy in Kyviv reopening, here are the top five developments for May 17

LIC stock may be held for long term if there's no listing gain: Experts

"If you hold on to this stock for more than three years, you are likely to earn decent returns," says Vikas Gupta, founder and chief executive officer, OmniScience Capital on LIC being listed today

Faith of millions of Indian small investors put to test with LIC debut

The 65-year-old firm has almost $500 billion in assets, 250 million policy holders and makes up almost two-thirds of the market.

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday

In the grey market LIC shares slip below their issue price ahead of listing

Individual investors are still expected to make gains

LIC IPO scheduled for allotment on May 12: Here's how to check it online

LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding

Small investors push LIC IPO over the line; FPIs invest less than Rs 4k cr

Move to have a separate quota for policyholders proves a game-changer, say experts

Life insurers' new business premiums zooms 84% in April, thanks to LIC

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

IDBI Bank board approves appointment of T N Manoharan as part-time chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years

LIC IPO subscribed 1.8x a day ahead of close, big push from policyholders

The policyholder quota was subscribed over 5 times, employee portion 3.8 times and retail individual investor quota 1.6 times.

Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings

Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes

LIC IPO: Non-institutional investors' portion fully subscribed on Day 4

The portion of LIC's initial public offering earmarked for non-institutional investors, including high net-worth individuals, has been subscribed fully on the fourth day on Saturday

Fire breaks out at LIC office in Mumbai's Vile Parle; no casualty reported

The blaze erupted at 7 am on the ground plus two-storey structure located on S V Road in Vile Parle west, and no casualty has been reported so far, said an official

Centre arms itself with a legal strategy to defend PSUs' disinvestment

The move comes after several petitions challenging the policy were filed across the country

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Sees participation from 3.6 mn individual investors; policyholders lead

After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise

LIC's private sector share of investments had touched a 16-year low of 14.9 per cent in 2019, an analysis by the Reserve Bank of India showed.

Positive start: LIC's mega share sale subscribed 67% on first day

Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market