Life Insurance Corporation of India: News
LIC appoints Sat Pal Bhanoo as its interim CEO
The Life Insurance Corporation of India (LIC) has appointed Managing Director (MD) Sat Pal Bhanoo, as the interim Chief Executive Officer (CEO).
M-cap of 4 top-valued firms jumps ₹1L crore, LIC leads
The combined market capitalization of the four top-10 companies increased by ₹1.01 lakh crore this week.
LIC's Q4 results: Net profit jumps 38% to over ₹19,000cr
The Life Insurance Corporation of India (LIC) has reported a massive 38% year-on-year jump in its consolidated net profit for the fourth quarter of FY25.
LIC has set Guinness World Record for selling insurance policies
The Life Insurance Corporation of India (LIC) has set a new Guinness World Record by selling an unprecedented number of life insurance policies in a single day.
Modi government is eyeing divestment from LIC this fiscal
The Indian government is gearing up to carry out a series of offer for sale (OFS) transactions in the ongoing fiscal.
LIC's stock portfolio suffers ₹1.5L crore loss amid market crash
Life Insurance Corporation of India (LIC), India's largest domestic institutional investor, has witnessed a steep fall in its equity portfolio value.
Fake apps posing as LIC now, be careful
The Life Insurance Corporation of India (LIC) has issued a public warning regarding the presence of fake mobile apps, operating in its name.
Need a loan? Your life insurance could be the key
Purchasing a life insurance policy in India not only protects your family's financial future but can also serve as a potential source for loans.
LIC to enroll 1L women as 'Bima Sakhis' in 2025
The Life Insurance Corporation of India (LIC) has unveiled an ambitious plan to enroll one lakh women under its Bima Sakhi scheme within the next 12 months.
Market cap of India's top 8 companies up ₹1.5L crore
Eight of India's top 10 most valued companies saw a major jump in their combined market capitalization last week, adding ₹1.55 lakh crore to their valuation.
LIC blames technical glitch after its website turns all-Hindi
The Life Insurance Corporation of India (LIC) is facing backlash for making Hindi the default language on its website.
Modi government to allow 100% FDI in insurance sector: Report
The Indian government is gearing up to introduce major reforms in the insurance sector, including allowing 100% foreign direct investment (FDI), according to a Times of India report.
Top 8 Indian firms lose ₹1.7L crore in market cap
Eight of India's top 10 most valued companies witnessed a massive loss in market capitalization last week. The total loss stood at nearly ₹1,65,180.04 crore.
Market cap of India's top 9 companies plunges ₹2L crore
Nine of India's top 10 most valued companies have witnessed a massive erosion in their market valuation last week. The total loss stands at an eye-watering ₹2,09,952.26 crore.
India's top 7 firms lose ₹1.22L crore in market valuation
Last week, seven of India's top 10 most valued firms saw a massive dip in their combined market valuation.
Market cap of India's top 6 companies climbs ₹1.97L crore
Six of India's top 10 most valued firms, experienced a significant increase in their combined market valuation last week, adding ₹1.97 lakh crore to their worth.
Market cap of top 9 companies jumps ₹2L crore
Nine out of the top 10 most valued Indian companies, experienced a significant increase in their market capitalization last week.
Market cap of India's top 7 firms up ₹1.4L crore
Seven of the most valued companies in India, witnessed a significant increase in their combined market valuation last week.
LIC to invest ₹1.3 lakh crore in equities this fiscal
Life Insurance Corporation of India (LIC) has announced plans to invest approximately ₹1.3 lakh crore in equities during the current fiscal year, as per its MD and CEO Siddhartha Mohanty.
India's top 8 companies lose ₹1.28L crore in market cap
Eight of India's top 10 most valued firms, witnessed a significant drop in their market capitalization (mcap) last week, resulting in a combined loss of ₹1.28 lakh crore.
Mcap of 6 top-valued companies in India skyrockets ₹1.85L crore
The combined market capitalization (mcap) of six out of the top 10 valued firms in India, experienced a significant increase last week, soaring by ₹1,85,186.51 crore.
Market cap of top 8 Indian companies surges ₹2.1L crore
The combined market capitalization (m-cap) of eight out of the top 10 most valued firms in India saw a significant increase last week, with a jump of ₹2,10,330.26 crore.
M-cap of top 10 firms jumps ₹1.72L crore, TCS leads
The combined market valuation of seven out of the top 10 most valued Indian firms, experienced a significant increase last week, with a total jump of ₹1.72 lakh crore.
Eight Indian powerhouses drive ₹1.83 lakh crore market surge
Last week saw a significant increase in the market valuation of eight out of the top 10 most valued firms, collectively adding ₹1,83,290.36 crore to their worth.
M-cap of top 5 firms soars to over ₹85,580 crore
The combined market capitalization of five of India's top 10 most valued firms experienced a significant surge last week, reaching ₹85,582.21 crore.
Hyundai Motor India may file $2.5B IPO in coming weeks
Hyundai's Indian subsidiary is preparing to submit a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) in the coming weeks.
LIC's investment in Adani Group companies skyrocket by 51.6%
The Life Insurance Corporation of India (LIC) has seen a significant surge in the value of its investments in Adani Group shares.
LIC Q4 earnings exceed expectations, brokerages predict 30% stock rise
Life Insurance Corporation (LIC), India's largest insurer, has reported a better-than-expected performance for the January-March quarter of fiscal year 2024.
M-cap of 8 top Indian firms skyrockets ₹1.48 lakh crore
Eight of the top-10 most valued companies in India experienced a significant surge in their market capitalization last week, collectively adding ₹1,47,935.19 crore.
LIC receives 3-year extension to meet public shareholding norms
The Securities and Exchange Board of India has granted the Life Insurance Corporation of India (LIC), the country's largest life insurer, a three-year extension to meet the 10% public shareholding requirement.
Market cap of top Indian firms plummets by ₹1.73L crore
Last week, six of the top-10 most valued companies in India, experienced a drop in their combined market valuation, with a total loss amounting to ₹1,73,097.59 crore.
Market cap of 6 major companies declined by ₹68,400 crore
Last week, six out of the 10 most valued firms experienced a significant decrease in their combined market valuation by ₹68,417.14 crore.
SBI, ICICI Bank emerge as top performers in market capitalization
Last week, a significant increase was observed in the combined market capitalization of six out of the ten most valued companies, which rose by ₹1,30,734.57 crore.
HDFC Bank and LIC led market cap boost last week
Last week, four of India's most valued companies, including HDFC Bank and Life Insurance Corporation of India (LIC), experienced a significant increase in their market valuation.
Reliance leads top 5 firms with significant market cap drop
Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore.
SBI becomes second PSU company with over Rs. 6T m-cap
Shares of the State Bank of India (SBI) soared over 4% to all-time high of Rs. 675 each, raising its market capitalization above Rs. 6 lakh crore.
LIC's stock reaches highest-level since IPO: How it benefits investors?
Life Insurance Corporation of India (LIC) has experienced a remarkable 75% surge since late March 2023. It has reached its highest stock value following its initial public offering (IPO) in May 2022.
RBI approves LIC's acquisition of 9.99% stake in HDFC Bank
Life Insurance Corporation of India (LIC), the nation's leading insurer, has been granted permission by the Reserve Bank of India (RBI) to acquire an aggregate 9.99% stake in HDFC Bank.
Top 5 firms' market value declines by Rs. 1.68L crore
Last week, the market value of five leading companies, including HDFC Bank, Reliance Industries, Hindustan Unilever, and State Bank of India, dropped by a staggering Rs. 1.68 lakh crore.
LIC becomes most valued PSU with Rs. 5.64L crore m-cap
Life Insurance Corporation of India (LIC) has once again become the most valuable listed public sector company, overtaking State Bank of India (SBI) in market capitalization.
LIC gains 5% to cross listing price for first time
The stocks of LIC soared nearly 5% to a 52-week high of Rs. 900 on Tuesday, surpassing the listing price of Rs. 867 for the first time since debut on May 17, 2022.
LIC shares trade in red on Rs. 800cr GST notice
Shares of insurance giant Life Insurance Corporation of India (LIC) traded 1.5% lower at Rs. 851.30 in early trade on January 2 after the company was slapped a Rs. 806-crore GST notice.
IDFC First Bank to launch LIC co-branded credit card
IDFC First Bank, LIC Cards, and Mastercard have teamed up to introduce a unique co-branded credit card.
Market cap of 7 top-valued firms rise Rs. 3L crore
Last week, seven of India's top 10 most valued companies saw their combined market value increase by a whopping Rs. 3,04,477.25 crore.
LIC, NIACL shares surge up to 19%: What's driving rally
On November 24, shares of public sector insurance companies like Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), and the New India Assurance Company Limited (NIACL) soared by as much as 19%.
LIC targets double-digit growth in FY2024 with new product launches
Insurance giant Life Insurance Corporation (LIC) has big plans for the coming months, with the goal of achieving double-digit growth in new business premium this financial year.
LIC Q2 results: Profit falls 50% YoY to Rs. 7,925cr
The Life Insurance Corporation of India (LIC) saw a major 50% year-on-year (YoY) drop in net profit for the quarter ending September, plummeting to Rs. 7,925 crore.
Centre announces new welfare measures for LIC agents and employees
The Indian government has announced a slew of welfare measures for over 13 lakh agents and one lakh regular employees of Life Insurance Corporation of India (LIC).
Retirement age extension for LIC, PSB executives proposed
The Centre is currently discussing a proposal to extend the retirement age of top executives at the Life Insurance Corporation (LIC), State Bank of India (SBI), and other public sector banks (PSBs).
LIC shares rise 6% as year-on-year profit skyrockets 1,300%
Shares of Life Insurance Corporation of India (LIC) soared nearly 6% on the NSE in early trade after the state insurer reported a 14-fold increase in net profit for the June quarter of FY24.
LIC launches 'Jeevan Kiran' plan: All you need to know
On Thursday, the Life Insurance Corporation of India (LIC) unveiled "Jeevan Kiran," a new life insurance plan that combines life cover with a return of premium.
LIC is planning roadshows in Hong Kong, UK: Here's why
It's been over a year since the Life Insurance Corporation of India (LIC) became a public company. The insurance behemoth's big bang listing hasn't turned out the way everyone hoped it would.
Why LIC share continues to struggle a year after IPO
One year ago today, Life Insurance Corporation of India (LIC), India's largest insurer, made its debut on the stock exchanges. It was touted as a big-bang listing that would change India's equity market.
Adani-Hindenburg row: Congress launches nationwide protest, calls for probe
The Congress on Monday took to the streets nationwide, calling for an impartial investigation into the fraud allegations against Adani Group, which it claimed endangers public savings.
Regulators monitoring Adani-Hindenburg crisis, FPO pullout hardly impacted economy: Sitharaman
Union Finance Minister Nirmala Sitharaman on Saturday said that market regulators are independently monitoring the crisis around Adani Group, which is facing allegations of stock manipulation and accounting fraud.