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Page 8 - Life Insurance Corporation

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

Not part of any negotiations': UTI AMC on Tata acquisition reports
Updated On : 20 Dec 2022 | 2:50 PM IST

LIC hits over 6-month high; stock gains 10% in two days

In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.

LIC hits over 6-month high; stock gains 10% in two days
Updated On : 20 Dec 2022 | 10:31 AM IST

IRCTC offer for sale oversubscribed, but stock declines more than 6%

Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years

IRCTC offer for sale oversubscribed, but stock declines more than 6%
Updated On : 15 Dec 2022 | 10:52 PM IST

Combination of factors behind LIC share price going up: Experts

A combination of factors like proposed regulatory changes, business performance, head honcho from private sector to be the reason for the share of LIC shares going up in the market, said experts

Combination of factors behind LIC share price going up: Experts
Updated On : 14 Dec 2022 | 1:12 PM IST

LIC gains 4%, hits over 3-month high in subdued market

The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut

LIC gains 4%, hits over 3-month high in subdued market
Updated On : 12 Dec 2022 | 2:57 PM IST

RCap assets' e-auction to kick off on Dec 19; base bid at Rs 5,300 crore

This is the first time that an e-auction of this scale would take place for a debt resolution under the Insolvency and Bankruptcy Code, 2016

RCap assets' e-auction to kick off on Dec 19; base bid at Rs 5,300 crore
Updated On : 10 Dec 2022 | 12:13 AM IST

New business premium of life insurance companies rises 30% in November

Private insurers' APE growth rebounds after lagging behind for three months

New business premium of life insurance companies rises 30% in November
Updated On : 09 Dec 2022 | 12:33 AM IST

LIC may turn into composite insurer; likely to merge 4 PSU general firms

With the Central government proposing to allow composite insurers, the four public sector general insurance companies can be merged with the Life Insurance Corporation of India

LIC may turn into composite insurer; likely to merge 4 PSU general firms
Updated On : 08 Dec 2022 | 10:03 AM IST

7.4% interest rate locked in for 10 years: Who should buy LIC's PMVVY

SCSS, which offers 80C benefit, allows you to lock in at 7.6% for five years

7.4% interest rate locked in for 10 years: Who should buy LIC's PMVVY
Updated On : 06 Dec 2022 | 6:43 PM IST

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call
Updated On : 05 Dec 2022 | 4:39 PM IST

Will one-licence regime revive trend in insurance stocks? Chart check here

Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.

Will one-licence regime revive trend in insurance stocks? Chart check here
Updated On : 02 Dec 2022 | 12:48 PM IST

Committee of creditors may ask bidders to sweeten offers for RCap

As many as 55 companies submitted expressions of interest (EoIs) for Reliance Capital but only a few submitted binding bids

Committee of creditors may ask bidders to sweeten offers for RCap
Updated On : 30 Nov 2022 | 11:29 PM IST

Irdai endorses panel's view to cut obligatory cession to zero from 4%

The obligatory cession was reduced from 5 per cent to 4 per cent in FY23. The regulator has been reducing the obligatory cession over time

Irdai endorses panel's view to cut obligatory cession to zero from 4%
Updated On : 28 Nov 2022 | 10:52 PM IST

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman

LIC is aiming to increase its share of premium or participating policies to 15% in two years from about 9% presently, Kumar said

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman
Updated On : 24 Nov 2022 | 8:36 PM IST

LIC aims to reach a mix of 75:25 between par and non-par in individual biz

The corporation has launched only non-par products this year, which cater to specific segments in its drive to increase the non-par business

LIC aims to reach a mix of 75:25 between par and non-par in individual biz
Updated On : 18 Nov 2022 | 11:36 PM IST

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises
Updated On : 17 Nov 2022 | 7:16 PM IST

LIC's move to sell Reliance Capital's debt to ARC upsets lenders, bidders

Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November 28. LIC is conducting a Swiss Challenge process to invite bids from Asset Reconstruction Companies (ARCs) to sell its exposure in RCL, sources said, adding prospective bidders will be asked to better the offer. However, the sources said, Asset Care and Reconstruction Enterprise will have the first right to match the counteroffer. The last date to submit the bids is November 25, while the deadline for submission of binding bids for RCL is November 28. According to the sources, the Committee of Creditors (CoC) of RCL are upset as to why LIC has initiated a parallel process to sell its debt so close to the bids submission deadline. LIC is a member of

LIC's move to sell Reliance Capital's debt to ARC upsets lenders, bidders
Updated On : 17 Nov 2022 | 1:05 AM IST

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit
Updated On : 14 Nov 2022 | 11:57 PM IST

Investors react positively to LIC's good showing in second quarter

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago

Investors react positively to LIC's good showing in second quarter
Updated On : 14 Nov 2022 | 11:04 PM IST

LIC's shares jump nearly 6% after July-September quarter earnings

With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent

LIC's shares jump nearly 6% after July-September quarter earnings
Updated On : 14 Nov 2022 | 9:06 PM IST