Life Insurance Corporation of India: News
17 Mar 2024
Reliance IndustriesReliance 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.
07 Feb 2024
State Bank of India (SBI)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.
30 Jan 2024
Initial Public Offering (IPO)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.
26 Jan 2024
HDFC BankRBI 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.
21 Jan 2024
HDFC BankTop 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.
17 Jan 2024
State Bank of India (SBI)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.
16 Jan 2024
BusinessLIC 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.
02 Jan 2024
InsuranceLIC 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.
14 Dec 2023
BusinessIDFC 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.
10 Dec 2023
Stock MarketMarket 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.
24 Nov 2023
InsuranceLIC, 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%.
23 Nov 2023
InsuranceLIC 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.
10 Nov 2023
BusinessLIC 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.
18 Sep 2023
IndiaCentre 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).
11 Aug 2023
BusinessLIC 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.
28 Jul 2023
InsuranceLIC 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.
12 Jun 2023
BusinessLIC 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.
17 May 2023
BusinessWhy 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.
06 Feb 2023
Congress PartyAdani-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.
04 Feb 2023
Nirmala SitharamanRegulators 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.
02 Feb 2023
ParliamentRuckus in Parliament as Opposition demands discussion on Adani-Hindenburg row
Proceedings in the Lok Sabha and Rajya Sabha were adjourned till 2 pm on Thursday after the Opposition kicked up a storm, demanding discussion on the risk to Indian investors in view of the diminishing value of Adani Group's shares following allegations of fraud leveled by US-based Hindenburg Research.
30 Jan 2023
LICHindenburg report under evaluation, Adani Group would be questioned: LIC
Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.
04 Aug 2022
WalmartLIC, Reliance among Indian companies in Fortune Global 500 list
The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place.
26 Apr 2022
Initial Public Offering (IPO)Ahead of IPO, anchor investors show massive interest in LIC
The Life Insurance Corporation of India's (LIC) initial public offering (IPO) is set to be launched on May 4 and will remain for subscriptions until May 9, PTI reported.
14 Feb 2022
IndiaLIC files papers for India's biggest IPO
The Life Insurance Corporation of India (LIC) has filed the draft share sale documents for its initial public offering (IPO) with the markets regulator Securities and Exchange Board of India (SEBI).
29 Mar 2021
IndiaLife insurers spend Rs. 2,000 crore on COVID-19 death claims
A total of 24 life insurance companies spent crores of rupees on COVID-19 death claims that are over and above the death claims that they usually receive every year.
03 Feb 2021
Nirmala SitharamanGovernment could reserve 10% of LIC IPO for policyholders
In her annual Budget speech, Finance Minister Nirmala Sitharaman said that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be launched this year.
01 Feb 2021
Air IndiaUnion Budget 2021: Government to launch LIC IPO in FY22
In a major disinvestment push, Finance Minister Nirmala Sitharaman on Monday announced that the government plans to take control of two public sector banks and one general insurance company for stake sale in 2021-22.
06 Mar 2020
Reserve Bank Of India (RBI)Explained: The rise and fall of Yes Bank
Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.
01 Feb 2020
Initial Public Offering (IPO)Budget 2020: Government to sell LIC holdings through IPO
Announcing the Union Budget 2020-21 on Saturday, Finance Minister Nirmala Sitharaman said that Life Insurance Corporation of India will now be listed on stock exchanges.
19 Oct 2019
ChennaiI-T seizes Rs. 93cr in cash, jewelry from Kalki Bhagavan
The Income Tax department has detected an undisclosed amount of over Rs. 500 crore from the premises of self-styled godman and spiritual guru Kalki Bhagavan, who claims to be the tenth avatar of Lord Vishnu.
13 Aug 2018
IndiaSBI bags the title of 'India's most patriotic brand': Survey
India's largest lender State Bank of India (SBI) is considered to be the country's most patriotic brand, according to a survey.
29 Jul 2018
IndiaInsurance money worth Rs. 15,167cr lying unclaimed with firms
Twenty-three life insurers in India are sitting on unclaimed insurance money of as much as Rs. 15,167cr, with Life Insurance Corporation (LIC) accounting for the lion's share.
21 Jul 2018
Supreme Court Of IndiaED files charge sheet against ex-HP CM Virbhadra's son
The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against former Himachal Pradesh Chief Minister, Virbhadra Singh's son Vikramaditya, in a money laundering case which also involves Virbhadra.
16 Jul 2018
IndiaLIC board approves acquisition of 51% stake in IDBI Bank
The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.
02 Jun 2018
TelanganaTelangana: Farmers to get free Rs. 5 lakh life insurance
The Telangana Government has announced it would soon implement a Rs. 5 lakh life insurance scheme for farmers in the state.
22 Apr 2018
India#FinancialBytes: 6 best Life Insurance policies available in India
Almost everyone has heard of "Life Insurance". It is one of the safest and best ways to protect one's family and their future in case of the policyholder's untimely demise.
30 Aug 2017
IndiaNTPC share-sale is expected to fetch govt Rs. 13,800 crore
Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.
07 Jul 2017
MumbaiMaharashtra police to get meat detection kits!
Maharashtra police will get meat-detection kits by next month in order to check if the seized meat is that of a cow.
