Latest News on Life Insurance Corporation
Showing of 0 - 10 from 36 results
Life Insurance Corporation - Total results - 36
Feb 05, 2019
IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeoverThe board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.
Jan 26, 2019
Max Life Insurance overtakes LIC in terms of claims settlement in FY 2017-18, shows IRDAI dataMax Life Insurance has introduced many checks and balances to strengthen the customer application and underwriting process
Jan 21, 2019
LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channelIDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank
Jan 02, 2019
Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairmanBhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement.
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.