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Latest News on Lic
Showing of 0 - 10 from 251 results
Lic - Total results - 251
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Jan 14, 2019
Govt breaching 3.3% fiscal deficit target no big deal, but then why do we need FRBM Act that no one is serious about?
The government had estimated a fiscal deficit of Rs 6.24 lakh crore, or 3.3 percent of the GDP, for the current fiscal. But, for April-November itself, deficit stood at Rs 7.16 lakh crore, or 114.8 percent of the target. -
Jan 14, 2019
LIC's market share falls below 70% in FY 2018; private insurers get aggressive, share up over 30%
The market share of private insurers in new business premium also saw an increase during 2017-18 over the previous year. -
Jan 11, 2019
GN Bajpai calls for flexible capital structure for companies to be able to tap opportunities in country
GN Bajpai urged captains of industry to adopt a new ownership structure, which should have a longer-term perspective wherein the focus should be customers. -
Jan 07, 2019
S&P affirms IDBI Bank rating; LIC capital infusion to accelerate write-offs
S&P has removed IDBI Bank's ratings from 'CreditWatch', where they were placed with negative implications on 17 August, 2018. -
Jan 02, 2019
Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairman
Bhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement. -
Dec 20, 2018
Bank of India eyes Rs 1,200 crore by selling entire 28.96% stake in Star Union Dai-Ichi Life Insurance
Star Union Dai-ichi Life Insurance, which commenced operations in February 2009, is a joint venture between Bank of India, Union Bank of India and the Japanese major Dai-ichi Life Insurance Company -
Dec 19, 2018
Life Insurance Corporation makes open offer to acquire 26% stake in IDBI Bank
The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank. -
Dec 18, 2018
IL&FS puts its entire road assets held by ITNL on the block to raise resources to repay debt
Since 28 August, the IL&FS group which has as many as 348 subsidiaries almost half of are in overseas territories, is unable to service debt worth over Rs 94,000 crore, of which Rs 57,000 crore are from bank. -
Dec 07, 2018
LIC, GIC show interest in buying debt-laden Air India's 23-storeyed building in Mumbai
The government had in June started discussions for sale of the iconic tower to Jawahar Lal Nehru Port Trust (JNPT) as part of Air India's asset monetisation plans. It also came after the government's efforts to partially privatise Air India failed to take off. -
Dec 04, 2018
Govt not to participate in LIC's open offer to acquire 51% stake in IDBI Bank
In October, LIC announced an open offer for acquiring 26 percent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore.
