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Life Insurance Corporation Lic
Business  /  Published 25.07.20

LIC: Global firms race to be adviser

Eleven global firms have offered to act as ”transaction advisers” to the government for the initial public offer of Life Insurance Corporation. The 11 entities are Axis Capital, Citigroup...
By Our Special Correspondent in New Delhi

Business  /  Published 13.07.20

Life insurance industry posts 18.64% dip in premium

The life insurance industry, comprising 23 private sector insurers and LIC of India, has posted an 18.64 per cent decline in first-year premium for the period ended June 30, 2020. A combination of fa...
By A Staff Reporter in Calcutta

Business  /  Published 31.05.20

Delay in LIC listing

The listing of Life Insurance Corporation (LIC) and the sale of the government’s stake in IDBI Bank may be delayed beyond March 2021 because of depressed valuation amid the Covid-19 pandemic. The g...
By PTI in New Delhi

Business  /  Published 30.05.20

IDBI Bank back in the black

After posting losses for 13 straight quarters, IDBI Bank on Saturday reported a net profit of Rs 135 crore for the quarter ended March 31, 2020, on account of recoveries from bad loans.The lender, in ...
By Our Special Correspondent in Mumbai

Business  /  Published 11.04.20

LIC assurance for Covid-19 death claims

Life Insurance Corporation of India on Saturday assured its policyholders that death claims arising out of Covid-19 shall be treated on a par with other causes of death for the purpose of settlement. ...
By A Staff Reporter in Calcutta

Business  /  Published 05.03.20

RBI supersedes Yes Bank board

The Reserve Bank of India on Thursday superseded the board of directors of Yes Bank for a period of 30 days after determining that there had been a serious deterioration in its financial position even...
By Our Special Correspondent in Mumbai

Business  /  Published 26.02.20

Health option before LIC

The insurance regulator has set up a panel to explore the possibility of LIC and other life insurance players offering indemnity-based health plans, opening up the market to intense competition.The I...
By A Staff Reporter in Calcutta

Business  /  Published 18.02.20

Irdai says 'yet to get' proposal from LIC on IPO

Insurance Regulatory and Development Authority (Irdai) is yet to get any proposal from life insurance behemoth LIC on an initial public offering but feels a listing is better from a governance perspec...
By PTI in Mumbai

Business  /  Published 07.02.20

LIC to cut IDBI stake prior to IPO

Life Insurance Corporation is keen to unlock value in IDBI Bank in the run-up to the insurance behemoth’s IPO, which is likely to happen in the current financial year, its chairman M. R. Kumar said ...
By TT Bureau in Mumbai

Opinion  /  Published 06.02.20

LIC floatation is risky business

The decision of the Narendra Modi government to divest a small part of its stake in the Life Insurance Corporation of India has sent the stock markets into a tizzy. If and when it happens — probably...
By The Editorial Board in


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