Life Insurance Corporation of India: News

11 Jun 2024

Hyundai Motor India

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.

02 Jun 2024

Adani Group

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.

28 May 2024

Business

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.

19 May 2024

Bharti Airtel

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.

12 May 2024

HDFC Bank

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.

05 May 2024

Bharti Airtel

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.

28 Apr 2024

ICICI Bank

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.

07 Apr 2024

HDFC Bank

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.

17 Mar 2024

Reliance Industries

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.

26 Jan 2024

HDFC Bank

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.

21 Jan 2024

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.

16 Jan 2024

Business

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.

02 Jan 2024

Insurance

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.

14 Dec 2023

Business

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.

10 Dec 2023

Stock Market

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.

24 Nov 2023

Insurance

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%.

23 Nov 2023

Insurance

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.

10 Nov 2023

Business

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.

18 Sep 2023

India

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).

11 Aug 2023

Business

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.

28 Jul 2023

Insurance

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.

12 Jun 2023

Business

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.

17 May 2023

Business

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.

06 Feb 2023

Congress Party

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.

04 Feb 2023

Nirmala Sitharaman

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.

02 Feb 2023

Parliament

Ruckus 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

Adani Group

Hindenburg 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.

09 Sep 2022

India

#NewsBytesExplainer: What is LIC's new pension scheme for senior citizens

The registration for Pradhan Mantri Vaya Vandana Yojana (PMVVY) the prestigious pension scheme by Life Insurance Corporation (LIC) is still on for a few months.

04 Aug 2022

Walmart

LIC, 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.

LIC records 18% fall in standalone net profit; announces dividend

State-run insurance giant Life Insurance Corporation of India (LIC) has announced its first quarterly results as a publicly traded company.

LIC IPO debuts on Dalal Street at discounted price

Following a much-awaited Initial Public Offering (IPO), LIC has made its debut on Dalal Street.

Subscriptions for LIC IPO open: Everything you need to know

Subscription for the Initial Public Offering (IPO) of India's insurance behemoth Life Insurance Corporation (LIC) has opened today. The bidding will remain open for the general public till May 9.

27 Apr 2022

Paytm

LIC IPO: Bid dates, prices, and other important details revealed

Life Insurance Corporation of India's (LIC) initial public offering (IPO) subscription will open for bidders on May 4 and shall close on May 9.

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

India

LIC 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

India

Life 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 Sitharaman

Government 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 India

Union 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.

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.

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

Chennai

I-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.

12 Dec 2018

West Bengal

#AssamNRC: SC extends deadline for claims, objections to December 31

On Wednesday, the Supreme Court extended the deadline for filing claims and objections pertaining to the Assam National Register of Citizens (NRC) till December 31.

13 Aug 2018

India

SBI 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

India

Insurance 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.

ED 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

India

LIC 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.

12 Jun 2018

Delhi High Court

#FIITJEEMetroStationRow: HRD-Ministry writes to MoHUA over metro-station's name outside IIT-Delhi

The HRD Ministry has written to the Ministry of Housing and Urban Affairs, seeking its intervention in the ongoing row over the name of a metro station outside the IIT-Delhi's campus.

02 Jun 2018

Telangana

Telangana: 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.

Investment-options for elderly: PMVVY limit doubled to Rs. 15L

In a significant step to provide the elderly a stable income, the government has doubled the investment limit under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) to Rs. 15L from the current Rs. 7.5L.

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.

23 Mar 2018

India

Mumbai to host cricket tournament for the physically challenged

India's top physically challenged cricketers will be seen in action in the 8th All-India LIC "Divyang" Inter-Zonal Cricket Championship to be held in Mumbai from March 30 to April 1.

30 Aug 2017

India

NTPC 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

Mumbai

Maharashtra 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.

07 Feb 2017

India

Govt reduces stakes in ITC by 2%

The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).

03 Dec 2016

Mumbai

Mumbai: City where the money keeps pouring in

Demonetization has resulted in massive gains for LIC; it sold its most expensive policy of Rs.50 crore for the first time.