Latest News on Life Insurance Corporation
Showing of 0 - 10 from 32 results
Life Insurance Corporation - Total results - 32
Oct 06, 2018
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economySaving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of 910 billion rupees ($12.36 billion) was from public sector banks.
Sep 25, 2018
Debt-ridden IL&FS will not be allowed to collapse, all options open: LIC Chairman VK SharmaIL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday
Sep 20, 2018
Cash-strapped hospitality chain Hotel Leelaventure defaults on payment of quarterly interest to LICHotel Leelaventure said its operating cash flows are not sufficient to service its term loans and NCDs
Aug 28, 2018
LIC to buy 14.9% stake in IDBI Bank; move would eventually lead to acquisition of majority stake in state-owned lenderIn August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.
Aug 20, 2018
Delhi court grants bail to Virbhadra Singh's son Vikramaditya on personal bond of Rs 50,000 in money laundering caseA Delhi court on Monday granted bail to former Himachal Pradesh chief minister Virbhadra Singh's son in a money laundering case.
Aug 09, 2018
US investor T Rowe Price moves Bombay High Court over Unit Trust of India's IPO issueIn its petition, T Rowe Price International Ltd, which owns 26 percent of the UTI Asset Management Company, claimed the four public sector undertakings namely State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda were trying to stall the company's proposed IPO.
Aug 01, 2018
LIC-IDBI Bank deal: Cabinet clears insurer’s purchase of controlling stake in troubled lender via preferential sharesLIC already has 7-7.5 percent stake in the IDBI Bank and will acquire the remaining for majority holding.
Jul 20, 2018
LIC-IDBI Bank deal: Reserve Bank of India gives go ahead to insurer's proposal to increase stake to 51%LIC currently owns 7.98 per cent in the bank, down from 10.82 per cent in March 2018 following an equity infusion by the government
Jul 04, 2018
LIC-IDBI Bank deal: Insurer's proposed 51 percent stake buy may not require Parliament's approvalSince it is going to be a financial deal as per the LIC Act, the legislation would not require amendment, sources said
Jun 30, 2018
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky betLIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.