October 16, 2021 01:28 (IST)
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Kashmir: Two terrorists behind targetted killings of civilian, cop shot dead | US to reopen land and air borders to fully vaccinated foreign visitors from Nov 8 | Navjot Sidhu meets Rahul Gandhi amid Punjab Congress turmoil | Army officer, jawan critically injured in counter terror op in J&K's poonch district | 'Will follow whatever Gandhis decide:' Navjot Sidhu after meeting senior Cong leaders amid Punjab crisis

Centre won't need to change any law for foreign participation in LIC IPO

New Delhi/IBNS: No amendments will be necessary to any legislation to allow foreign participation in the proposed IPO of insurance giant Life Insurance Corporation of India (LIC), according to the media reports.

Indian govt planning to block Chinese investors from LIC IPO: Report

New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.

LIC CSL partners with IDBI Bank to launch co-branded RuPay Credit Cards

Mumbai/IBNS: LIC Cards Services Limited (LIC CSL) and IDBI Bank have partnered to launch two variants of co-branded RuPay Credit Cards - LIC CSL ‘Lumine’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card powered by IDBI Bank.

RBI policy will ensure sufficient liquidity, says LIC HFL

Bengaluru/UNI: MD & CEO of LIC HFL said RBI policy announced on Friday will ensure sufficient liquidity in the system at a time when anxious moments are around due to Covid 19 situation.

Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman

New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.

Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman

New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.

Swift action will be taken to revive Yes Bank: RBI Governor Shaktikanta Das

Mumbai/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".

LIC records growth of 17.48 pc in January

Bengaluru/UNI: Life Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore New Business Premium first time in its history and maintaining dominant leadership in this sector.

LIC's partial disinvestment will not lead to its privatisation: LIC Chairman

Mumbai/IBNS: Disinvestment of a part of the government's share in Life Insurance Corporation(LIC) will not pose difficulties for the employees, according to Chairman of LIC MR Kumar, reported NDTV.

Government to sell part of its holdings in LIC through IPO: Nirmala Sitharaman proposes in Union Budget

New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.

LIC may achieve target of selling 2.50 cr policies during FY 19-20

Chandigarh/UNI:  Country's oldest and leading life insurance company, Life Insurance of India (LIC) is quite hopeful to achieve target of selling 2.50 crore policies during the current financial year, has already sold nearly 2.14 cr policies in first three quarters ending December 31, 2019.

Govt sets up 25,000 cr AIF to revive the struggling realty sector in India

New Delhi/UNI/IBNS: The Union Cabinet on Wednesday approved setting up of a fund in which the government would infuse up to Rs 10,000 crore while Life Insurance Corporation(LIC) and State Bank of India would jointly contribute Rs 15,000 crore to help revive the struggling realty sector, informed Union Finance Minister Nirmala Sitharaman.

Life insurance preferred investment choice for 70% millennials: Survey

New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.

Union Cabinet clears LIC-IDBI deal

New Delhi, Aug 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50 percent by dilution. 

LIC board gives nod to acquisition of 51 pc stake of IDBI

Mumbai, July 16 (IBNS): The board of Life Insurance of India (LIC) on Monday approved the acquisition of  51 per cent stake in IDBI Bank, Economic Affairs Secretary Subhash Chandra Garg said.