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Life Insurance Corporation Lic
Business  /  Published 08.07.21

LIC: No chairman post anymore

The Life Insurance Corporation of India (LIC) will now have the post of Chief Executive Officer and Managing Director instead of the Chairman position, with the government making changes to relevant r...
By Our Bureau, Agencies in New Delhi

Business  /  Published 07.07.21

LIC: cabinet nod likely to float

The much awaited initial public offer of Life Insurance Corporation is likely to get the clearance of the cabinet this week, which is expected to give a leg-up to the Modi government's ambitious d...
By R. Suryamurthy

Business  /  Published 05.07.21

Bids for LIC selloff managers

The government is likely to invite bids from merchant bankers this month for managing LIC’s disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The depart...
By PTI in New Delhi

Business  /  Published 10.06.21

LIC chief tenure extended

The tenure of LIC chairman M.R. Kumar has been extended by the appointments committee of the cabinet on Wednesday. Kumar’s term as LIC chairman was supposed to end on June 30, 2021, but the Cen...
By Our Special Correspondent in New Delhi

Business  /  Published 16.05.21

PNB raises Rs 1,800cr via QIP

State-owned Punjab National Bank on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors such as LIC and Societe Generale. Eligible qualifie...
By PTI in New Delhi

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Business  /  Published 14.05.21

Covid cloud on Air India, BPCL selloff

The second wave of the coronavirus is likely to delay the financial bids for sell-off bound BPCL and Air India till September as the travel restrictions are likely to delay the physical verification o...
By R. Suryamurthy in New Delhi

Business  /  Published 07.05.21

Five working days for LIC

State-owned LIC will have five working days from May 10 as Saturdays have been declared as a holiday for the insurer. “Following a notification on April 15, 2021, wherein the central government...
By PTI in New Delhi

Business  /  Published 07.05.21

IDBI soars on selloff approval

Shares of IDBI Bank on Thursday rallied almost 7 per cent after the Centre gave an in-principle approval for strategic divestment along with transfer of management control in the lender. The IDBI Ban...
By Our Special Correspondent in Mumbai

Business  /  Published 06.05.21

IDBI selloff on course

The government has given an in-principle approval for the strategic disinvestment of IDBI Bank along with transfer of management control, paving the way for both the government and Life Insurance Corp...
By Our Special Correspondent in New Delhi

India  /  Published 19.04.21

'Privatisation will increase inequality'

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By Subhoranjan Dasgupta


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