Latest News on Life Insurance Corporation
Showing of 0 - 10 from 37 results
Life Insurance Corporation - Total results - 37
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.
Jun 26, 2018
LIC to bailout IDBI Bank? The insurer will have to feed a white elephant with an insatiable hunger for moneyLIC doesn’t have the technical expertise or experience to promote a bank; owning a bank is not a part of the insurer's original mandate
Jun 03, 2018
Telangana formation day: K Chandrasekhar Rao promises Rs 5 lakh life insurance scheme for farmers, lists his govt's accomplishmentsTelangana government said on Saturday that it would soon announce a Rs five lakh life insurance scheme for farmers of the state.
Apr 16, 2018
Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plansIf the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.
Jul 24, 2017
Varishtha Pension Yojana: Will the existing scheme cannibalise it?It appears that the new scheme would arouse the interest of only those who have more than Rs 15 lakh to spare
Jun 19, 2017
LIC corners 38.67% of SBI's Rs 15,000 cr QIP issueSBI will use the QIP proceeds to augment its capital adequacy ratio and for general corporate purposes.