Search For "life insurance corporation"
IPO going to be very positive development in LIC history, says Sitharaman
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): The filing of a draft red herring prospectus (DRHP) by Life Insurance Corporation of India (LIC) has created a "positive buzz in the air" and the public issue will be a very positive development in the history of the country's largest insurer, Union F
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LIC files DRHP with SEBI for mega IPO
Updated : 4 years, 1 month ago IST
New Delhi [India], February 13 (ANI): Life Insurance Corporation of India (LIC) filed its Initial Public Offerings (IPO) papers with the Securities and Exchange Board of India (SEBI) on Sunday.
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Public issue of LIC expected shortly, says Nirmala Sitharaman
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced that Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) is expected shortly.
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LIC posts Rs 1,437 crore net profit in April-September 2021 period
Updated : 4 years, 1 month ago IST
New Delhi [India], January 25 (ANI): Life Insurance Corporation of India (LIC) on Tuesday reported Rs 1,437 crore net profit for the first half of the current financial year as against a mere Rs 6.14 crore recorded in the corresponding period of previous year.
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NIA to be a global institution of excellence in learning and research in I
Updated : 4 years, 2 months ago IST
Mumbai (Maharashtra) [India], January 12 (ANI/Mediawire): The National Insurance Academy was initially established in Mumbai in 1980 by the public sector insurance companies - the General Insurance Corporation of India, the New India Assurance Company, the Oriental Insurance Company, The
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Nirmala Sitharaman reviews progress on IPO of LIC
Updated : 4 years, 2 months ago IST
New Delhi [India], January 7 (ANI): Union Finance Minister Nirmala Sitharaman on Friday reviewed the progress on proposed Initial Public Offering (IPO) of the Life Insurance Corporation (LIC) of India.
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Govt refutes speculation over LIC IPO's delay, says it is 'on course'
Updated : 4 years, 3 months ago IST
New Delhi [India], December 20 (ANI): The government on Sunday refuted media speculation around the initial public offer (IPO) of Life Insurance Corporation (LIC) and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022.
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LIC gets RBI approval to raise holding in IndusInd Bank to 9.99%
Updated : 4 years, 3 months ago IST
Mumbai (India), December 10 (ANI): The country's largest insurer Life Insurance Corporation of India (LIC) has got approval from the Reserve Bank of India (RBI) to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.
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IDBI Intech implements its innovative Anti Money Laundering solution at Li
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 31 (ANI/PNN): IDBI Intech Ltd., the technology-led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals, has successfully implemented their iAML (Anti Money Laundering) solut
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ED files prosecution complaint against ex-employee of LIC for fraud
Updated : 4 years, 11 months ago IST
Visakhapatnam (Andhra Pradesh) [India], March 31 (ANI): The Enforcement Directorate (ED) has filed a prosecution complaint against an ex-employee of Life Insurance Corporation (LIC) for alleged misappropriation of funds.
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LIC employees stages protest in Ludhiana against FDI limit hike in insuran
Updated : 5 years ago IST
Ludhiana (Punjab) [India], March 19 (ANI): Life Insurance Corporation (LIC) employees staged a protest in Ludhiana on Thursday against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC.
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Budget proposals positive for India's insurance industry: Fitch
Updated : 5 years, 1 month ago IST
Colombo [Sri Lanka], Feb 10 (ANI): India's 2021-2022 Budget has proposed relaxing foreign-ownership caps on insurers and listing the country's largest state-owned insurer, measures that Fitch Ratings says will help the industry attract foreign capital, strengthen solvency and promote competi
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