LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report
Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.
If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj
New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.
LIC's Digi Zone to accelerate digital transformation
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
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.
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.