Page 18 - Life Insurance Corporation

Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles

The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.

The behemoth: LIC's commission ratio one of the highest among its peers

In number of policies (individual), it commanded 71 per cent market share as of September

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March

Top headlines: RBI official wants crypto ban; Canada seeks more immigrants

Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.

LIC disinvestment: Right and wrong

The central government is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC)

Ensuring transparency

LIC's listing will have multiple benefits

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

IPO-bound LIC set to alter pecking order of top companies at bourses

LIC will become either the largest or third-largest listed stock in the domestic markets and will get a quick entry into MSCI and FTSE indices

LIC is a flourishing money tree: IPO plan must not shake it too hard

LIC IPO: All too often in the past, the government has used the insurer LIC as its piggybank to buy shares in state companies nobody wanted

LIC IPO: DHRP filed with SEBI, govt to offload 5% stake

Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue

Top headlines: LIC files for IPO, Reliance could spark another telco battle

Tata Sons, the holding company of the group, is likely to remove the age limit for Tata Trusts nominees on its board. More on that in our morning wrap.

Market wrap: Sensex ends 460 pts up, Nifty tops 17,600 on dovish RBI policy

Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO

LIC IPO: DRHP unlikely to reveal size of IPO; Board to meet again on Sunday

LIC IPO: After approval from the insurance regulator, the draft will be checked again and placed before the LIC board on Sunday

LIC shareholding in listed companies drops to lowest in over a decade

Total number of firms in which it owns over 1% has also fallen

Anchor investor talks for mega LIC IPO to start next week: Report

LIC IPO: Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, say sources

LIC provisions up, NPAs down ahead of listing: FY21 annual report

LIC's revenue or total income growth in FY21 was the best in five years

LIC IPO on course, to be out in Q4FY22: DIPAM Secy refutes media reports

The LIC IPO is expected to become the biggest one in India

LIC IPO: LIC to take glide path for surplus transfer from next year

LIC IPO: The government plans to list LIC, which is held to be the country's largest listing, in the last quarter this financial year

LIC IPO: Finance Minister reviews progress of IPO amid third wave concerns

LIC IPO: The insurer is looking to file DRHP with Sebi this month, in sync with govt's plan to list the company this financial year