Mumbai: Life Insurance Corporation (LIC) chief S K Roy was yesterday elected as Chairman of the Life Insurance Council, the apex industry body of insurers in the country.Roy was elected in a poll conducted among
Mumbai: With women officers already heading most of its subsidiaries, the Life Insurance Corporation (LIC) is continuing with the trend to place them in bigger roles. The trend began with the appointment of Usha Sangwan as
New Delhi: The railway ministry and its PSU Indian Railway Finance Corporation hosted a meeting of banks and financial institutions over an investment plan of Rs.8.5 lakh crore in the coming five years to strengthen and
New Delhi: Life Insurance Corporation (LIC) has shored up its stake in Infosys to 4.81 per cent, purchasing shares worth over Rs 300 crore in the January-March quarter.This is the fourth consecutive quarter of share
New Delhi: State-run insurance major LIC on Wednesday committed Rs 1.5 lakh crore to the Indian Railways for development of various commercially viable projects in one of the largest railway networks in the world.The investment
New Delhi: As unveiled by Railway Minister Suresh Prabhu in the Rail Budget, Indian Railways is all set to get fresh funds from the Life Insurance Corporation (LIC) of India.Quoting sources in the Railway Board,
Dubai: India's LIC International and Abu Dhabi-based First Gulf Bank are planning to introduce a unique co-branded credit card in the United Arab Emirates to address concerns of insurance policy holders.It is first of its
Mumbai: LIC, which has been asked by the government to provide life cover worth Rs 30,000 to beneficiaries of Pradhan Mantri Jan-Dhan Yojana (PMJDY), has asked Indian Banks' Association to provide a list of those
New Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented
New Delhi: State-owned life insurer LIC lowered its exposure in 14 blue-chip firms during the July-September quarter with sale of shares that are currently worth about Rs 7,700 crore.At the same time, the insurer increased
New Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee
New Delhi: Dena Bank on Tuesday said it will raise Rs. 366 crore through a preferential allotment of shares to public sector insurers Life Insurance Corporation (LIC) and General Insurance Corporation (GIC). Life insurance giant
New Delhi: The country's largest insurer Life Insurance Corporation has invested Rs 32,293 crore in the stock market in the nine months of 2013-14 and will invest another Rs 2,000 crore during this month for
New Delhi: Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 per cent growth in premium collection during the first half of the current fiscal.Several large private sector insurance
New Delhi: State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.The holding of Life Insurance
Mumbai: LIC is likely to cross its initial investment target of Rs 40,000 crore in equities this fiscal following the positive market sentiment, Chairman of the largest domestic institutional investor S K Roy said today.“We
New Delhi: State-owned life insurer LIC has pared stake in IT major Infosys to 4.95 per cent during the July-September quarter with sale of shares estimated at around Rs 3,400 crore.The biggest institutional investor in
New Delhi, July 26: Life Insurance Corporation has sold 6.73 crore shares of Hindustan Unilever Ltd, fetching the company Rs 4,' crore through the deal. Hindustan Uniliver informed the stock exchanges that LIC sold the
New Delhi, Feb 3: State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs
New Delhi, Jan 22: Drug firm Dr Reddy's Laboratories on Tuesday said state-run Life Insurance Corporation (LIC) has cut its stake in the company to 6.31 per cent by selling shares worth Rs 875.29 crore
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