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On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Sebi directs Hotel Leela to make more disclosures to shareholders on...

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

24 July 2019 1:20 PM IST

Union Minister Nitin Gadkari on Wednesday clarified over his alleged statement that BJP made tall promises in 2014 elections. (Photo: Twitter | ANI)

LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway...

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

22 July 2019 2:59 PM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC new premium more than doubles in June; pushes industry collection...

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

14 July 2019 12:07 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

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

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

9 Aug 2019 9:14 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

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...

3 Sept 2019 3:15 PM IST

Finally, this resulted in the mad rush among the people for cover and they came forward in big numbers to buy expiring LIC products.

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 IST

On a capital base of Rs 5 crore, the union said LICs valuation surplus was Rs 53,211.91 crore.

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.

4 Feb 2020 12:54 PM IST

The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)

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)...

8 July 2021 5:38 PM IST

In the previous session, Sensex ended 132.38 points or 0.25 per cent lower at 52,100.05. (Photo: PTI/File)

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...

10 Aug 2021 8:55 AM IST

Sebi proposes to relax minimum public shareholding norms for firms under insolvency. (PTI Photo)

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...

14 Feb 2022 8:23 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Delhi HC dismisses appeal against LIC move to acquire 51 pc stake in...

LIC to pay back its policy holders since it will have to invest an amount of Rs 13,000 crores to acquire the 51 per cent...

21 Dec 2018 11:59 AM IST

The iconic Air India building on Queens necklace in Mumbai may be consumed by the survival woes of the national carrier.

LIC, GIC show interest in buying Air India building in Mumbai

Air India management has been trying to pare burden by monetising non-core real estate properties.

7 Dec 2018 5:51 PM IST