Tuesday, Apr 16, 2024 | Last Update : 01:04 AM IST


Govt to sell 5% stake in LIC; embedded value at Rs 5.4 L cr

The LIC policyholders and LIC employees will be offered equity shares at a discount to the public issue price to be set by the company

14 Feb 2022 8:23 AM

Retail investors Shareholding In NSE-Listed Companies At new High

In rupee value terms, retail holding in companies listed on NSE reached an all-time high of Rs 16.18 lakh cr from Rs 13.94 lakh cr

10 Aug 2021 8:55 AM

LIC to have CEO, MD positions; government does away with Chairman post

The Department of Economic Affairs under the finance ministry recently amended the Securities Contracts (Regulation) Rules

08 Jul 2021 5:38 PM

India’s public sector is going downhill

PSUs not only play a pivotal role in the economy, but also contribute overall to nation building.

16 Feb 2020 4:52 AM

LIC staff union to hold walk-out strike to protest against IPO

The walk-out will take place at all offices of the insurance behemoth across the country.

04 Feb 2020 12:54 PM


Cabinet approves Rs 25,000 crore fund for stalled housing projects

The fund will finance 1,600 stalled housing projects comprising 4.58 lakh housing units across India, said FM Sitharaman.

06 Nov 2019 8:34 PM

Union Cabinet clears over Rs 9,000 cr capital infusion in IDBI Bank

Out of Rs 9,000 crore, government will provide Rs 4,557 crore as one-time re-capitalisation, said Minister Prakash Javadekar..

03 Sep 2019 3:15 PM

Rs 3 tln of capital infusion only helped PSBs trim losses, not drive credit supply

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.

09 Aug 2019 9:14 AM

Sebi directs Hotel Leela to make more disclosures to shareholders on asset sale

Sebi had received complaints from ITC and LIC alleging violations by promoters and JMF ARC in respect of asset sale.

24 Jul 2019 1:20 PM

LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway projects: Gadkari

The funds will be raised for 30 years and the interest rate will be revised every 10 years, as per initial plans.

22 Jul 2019 2:59 PM


LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

All the 24 life insurers had written new gross premium of Rs 16,611.57 in the same month a year ago.

14 Jul 2019 12:07 PM

NCLT asks Sebi to conclude probe into ITC, LIC allegations against Leela

Under Section 241 of the Companies Act, 2013, a minimum shareholding of 10 per cent is required to file such cases.

28 May 2019 7:56 PM

Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

Bureau was assigned with the task of recommending personnel for appointment as directors in govt-owned insurance companies.

19 Apr 2019 11:06 AM

Govt sells Rs 1,150 crore worth enemy shares in Wipro

The sale would help in monetisation of movable enemy property lying dormant for decades.

05 Apr 2019 10:30 AM

RBI says no to IDBI Bank name change proposal

Board of IDBI Bank had last month sought RBI's approval for change in the name of the lender to either LIC IDBI Bank.

20 Mar 2019 2:48 PM


RBI categorises IDBI Bank as private sector lender

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by LIC, RBI said.

14 Mar 2019 6:49 PM

IDBI drafts revival strategy to bring banking, insurance under one roof

IDBI and LIC, through its collective network of branches, offices and workforce, have started leveraging their mutual business synergies.

11 Mar 2019 11:54 AM

LIC forces IDBI Bank staff to buy insurance policies

By the end of the day, the number of policies sold crossed 18,000.

07 Mar 2019 1:17 AM

Govt offers pension for employees of public sector insurance companies

There has been a long-standing demand for another chance.

03 Mar 2019 10:11 AM

IDBI Federal Life expects flat growth

We are expecting a growth between 12 per cent and 18 per cent this fiscal: CEO, director IDBI Federal Life, Vighnesh Shahane

06 Feb 2019 12:51 PM