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Life Insurance Corporation of India (LIC) News
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Life Insurance Corporation of India (LIC)
LIC acquires additional 2% stake in Indiabulls Housing Finance
Sat, Feb 10, 2018
With this deal, LIC will now hold 9.33% share in Indiabulls Housing Finance
NHAI raises Rs 10,000 crore from EPFO; LIC to invest Rs 8,500 crore
Thu, Nov 24, 2016
"Life Insurance Corporation (LIC) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year. The terms and conditions are under negotiations," Radhakrishnan said.
FinMin ask banks, LIC to keep watch on Tata group developments
Sun, Nov 06, 2016
In Tata Power LIC owns 13.1% stake, 7.13% in Tata Motors, 8.8% in Indian Hotels and 9.8% in Tata Global Beverages.
LIC Employees Federation urges implementation of SC order
Sat, Sep 24, 2016
The All India National Life Insurance Employees Federation has urged the management of the Life Insurance Corporation of India (LIC) to immediately implement the Supreme Court order to pay 50 per cent back wages to temporary III and IV grade employees, who were asked to be regularised.
BSE IPO: Singapore Exchange may sell its entire stake
Sun, Sep 11, 2016
The shareholders are likely to sell nearly 27% of the entire in the IPO offer through the Offer For Sale route (OFS). It is likely that the Singapore Exchange may sell its entire 4.7% holding in the domestic exchange in the IPO.
After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC
Fri, Jul 29, 2016
Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”
Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders
Sat, Jul 23, 2016
In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).
LIC may buy Rs 30,000 crore of SUUTI's assets
Wed, Jul 13, 2016
SUUTI has shares in 43 listed and eight unlisted companies.
Max Financial and HDFC Standard talk merger, stock jumps 14%
Fri, Jun 17, 2016
Due to the merger news, the stock of Max Financial Services was trading nearly 14% on the BSE.
Absence of pro-competition policy promotes crony capitalism: Arun Jaitley
Sat, May 21, 2016
Citing an example of Russia, he said, the country went in for a lot of privatisation without emphasis on pro-competition resulting in the creation of oligarchs.