Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment.
LIC's new premium business jumps 25.2% in FY20, records best sales in past six years; market share up 1.2%
Despite losing the most productive fortnight of the year to COVID-induced lockdowns, the national insurer LIC achieved a healthy 25.2 percent growth in the first-year new business premium in 2019-20, while private players collectively recorded just 11.64 percent
India's life insurance companies clocked 11.36 percent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from IRDAI showed
LIC extends 30-day grace period to policyholders for premiums due in March and April as India crosses 9,150 cases
Life Insurance Corporation of India (LIC) has extended period of payment of premium for all policies due in the month of March and April 2020 by 30 days.
LIC IPO expected to improve accountability, transparency; encourage pvt sector insurance firms to get listed: Fitch
The proposed initial share sale of LIC will improve the accountability and transparency of the country's largest insurer and benefit the insurance industry, Fitch Ratings said on Wednesday
Life Insurance Corporation on Monday said there is no proposal to merge its subsidiary LIC Housing Finance Ltd (LICHFL) with any other entity
LIC waives off charges on credit card payments to promote digital transactions; effective from 1 December
LIC controls over 70 percent of the life insurance market
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PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named, as they are not authorised to speak to the media.
SEBI bars Hotel Leelaventure from selling four hotels and other assets to Brookfield Asset Management
Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, and property to Canadian investment fund Brookfield
Generally, enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India
RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC
The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 percent stake to insurance behemoth LIC from the government of India
The board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
Max Life Insurance has introduced many checks and balances to strengthen the customer application and underwriting process
LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel
IDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank
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.
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy
Saving 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.
IL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday
Hotel Leelaventure said its operating cash flows are not sufficient to service its term loans and NCDs