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Life Insurance Corporation Lic
India  /  Published 04.02.20

LIC IPO: employees' union to hold stage walk-out

The employees' union of Life Insurance Corporation (LIC) will stage an hour-long walk-out strike on Tuesday to protest against the government's move to sell its stake in the state-run insurer through ...
By PTI in Mumbai

Business  /  Published 01.02.20

LIC stake to be sold

Shares in Life Insurance Corporation (LIC) and IDBI Bank — the two storied, state-owned institutions in the country’s financial sector — will be sold to the public.The surprise announcement in t...
By Vivek Nair in Mumbai

India  /  Published 01.02.20

Govt has given up on reviving economy: PC

The Congress on Saturday said the government was in denial about the gravity of the economic crisis and appeared to believe the economy would revive on its own, without any concrete steps being taken....
By Sanjay K. Jha in New Delhi

Business  /  Published 01.02.20

Centre to offload IDBI stake

The government plans to sell its residual stake in IDBI Bank, which at current market prices could yield over Rs 18,000 crore.This was announced by Union finance minister Nirmala Sitharaman in the Uni...
By Our Special Correspondent in Mumbai

India  /  Published 22.01.20

Congress warns against damaging LIC

Rahul Gandhi on Wednesday cautioned the Narendra Modi government against damaging people’s trust in the Life Insurance Corporation, which he said could have disastrous consequences.“Crores of hone...
By Our Special Correspondent in New Delhi

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Jharkhand  /  Published 08.01.19

Bank, LIC customers caught unawares by strike

“I went to Bistupur to deposit money in the account of my son who studies in a private college in Bhubaneswar, Odisha. I was greeted with graffiti on the wall. Since my son needs to deposit his tuit...
By Animesh Bisoee in Jamshedpur

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 08.08.19

Uco turns to LIC for cash prop

The Life Insurance Corporation could play a key role in Uco Bank’s capital-raising plan in the current fiscal.The city-based bank envisages a capital requirement of Rs 4,500-5,000 crore in 2019-20. ...
By A Staff Reporter in Calcutta

India  /  Published 01.10.18

Crony scandal effect shows

The Narendra Modi government has superseded the board of Infrastructure Leasing & Financial Services Ltd (IL&FS) and sought to douse fears of a credit risk contagion sweeping across the countr...
By Our Bureau in Mumbai

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


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