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Business  /  Published 26.05.22

Life insurers eye health foray

The insurance regulator has apparently revived its plan to allow life insurance companies to offer health insurance indemnity products. If the approval from the Insurance Regulatory and Development A...
By Our Special Correspondent in Mumbai

Business  /  Published 25.05.22

Board meet on May 30

Life Insurance Corporation of India (LIC) on Tuesday announced that its board will meet on May 30 to consider a dividend payout and approve financial results for the period ended March 31. The countr...
By Our Special Correspondent in Mumbai

India  /  Published 22.05.22

Costs of demonetisation, GST

Unbridled neo-liberalism, accentuated by measures like the demonetisation and the GST, and not the pandemic alone is to be blamed for the economic crisis, which comes amid government apathy and consum...
By Subhoranjan Dasgupta

Business  /  Published 18.05.22

LIC lets down new investors

Shares of the state-owned Life Insurance Corporation (LIC) were clobbered on listing on Tuesday. The blow left an army of newbie investors from the country’s small towns and cities, who had bee...
By Our Special Correspondent in Mumbai

Business  /  Published 18.05.22

Little past comfort for LIC investors

Real estate giant DLF and food delivery startup Zomato sizzled on their listing days and held on to gains for months allowing investors to make an informed call on their money. As Pranav Haldea, mana...
By Sambit Saha, Pinak Ghosh in Calcutta

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Business  /  Published 17.05.22

LIC: Shares close below issue price

There was no first-day “pop” for investors in Life Insurance Corp in India, India’s biggest-ever IPO, when it made its trading debut Tuesday after staging its record $2.7 billion off...
By Paran Balakrishnan

Business  /  Published 17.05.22

LIC debuts at 8.62% discount

The country's largest insurer LIC (Life Insurance Corporation) on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs ...
By Our Bureau, PTI in Mumbai

Business  /  Published 16.05.22

Life insurance product shift

“High yields offered in guaranteed products (including annuity) have contributed significantly to the growth of non par business. Pandemic has also resulted in customer preference shifting to gu...
By Pinak Ghosh in Calcutta

Business  /  Published 14.05.22

LIC shares to be issued at Rs 949

The government has fixed the issue price of LIC shares at Rs 949 apiece at the upper end of the IPO price band, ahead of the listing of the country’s largest insurer on May 17. However, LIC pol...
By PTI in New Delhi

Business  /  Published 13.05.22

Stay on LIC allotment rejected

The Supreme Court on Thursday refused to grant any interim relief and stay on the Life Insurance  Corporation’s IPO share allotment based on a batch of pleas filed by some policyholders.&nb...
By PTI in New Delhi


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