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IPO: to take glide path for surplus LIC 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

Claim can be denied if key information is suppressed

The District Commission ordered LIC to pay and settle the claim under all the 13 policies

LIC IPO draft papers likely to receive Sebi's approval on Monday

Listing may spill over into FY23 as geopolitical tensions roil markets

LIC to declare Q4 financial results and consider dividend next week

The meeting will also consider payment of dividend, if any, LIC said

Disclose embedded value for September-March period: Centre to LIC

Sharing embedded value expected to instill confidence in the markets about the insurer's transparency

Best of BS Opinion: LIC market debut, Narcissus in the boardroom & more

Here is the best of Business Standard's opinion pieces for Wednesday.

LIC shares drop 8% below issue price on debut, end at Rs 873 apiece

The insurance behemoth's shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue price but providing small investors an opportunity to exit with nominal gains.

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

LIC debut is 2nd worst among 11 global firms that raised over $1 bn in 2022

The poor listing is set to disappoint millions of small-time investors who bid enthusiastically for the issue because of their long and emotional association with the insurer and its products

Top headlines: Airtel's Q4 net zooms 164%; WPI inflation hits 15.08% in Apr

Business Standard brings you the top headlines on Tuesday

LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company

The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore. Life Insurance Corporation (LIC) made a tepid stock market debut on Tuesday following a mega IPO which fetched Rs 20,557 crore to the exchequer. The shares listed on stock exchanges at over 8 per cent discount over its issue price of Rs 949 apiece. Shares of LIC closed at Rs 875.45, down Rs 73.55 or 7.75 per cent over the issue price, on the BSE. At this price, LIC is valued at nearly Rs 5.54 lakh crore. The market capitalisation of LIC is higher than that of HUL (Rs 5.27 lakh crore), ICICI Bank (Rs 4.94 lakh crore), SBI (Rs 4.17 lakh crore) and HDFC (Rs 3.97 lakh crore), as per the BSE data. Reliance Industries is the most valued company with a market capitalisation of Rs 17.12 lakh crore, followed by Tata Consultancy Services (Rs 12.67 lakh crore), HDFC Bank (Rs 7.29 lakh crore) and Infosys (Rs 6.38 lakh crore). Market capitalisation is th

Long runway for growth in the insurance sector, say analysts

Insurance stocks underperformed the frontline indices on Tuesday following a faded listing of state-run giant Life Insurance Corporation.

LIC lists at 8.6% discount, stock recovers partially post weak debut

LIC has now become the fifth most valuable listed Indian company with a market capitalisation of Rs 5.72 trillion on the BSE as of 10:08 am, the exchange data shows.

LIC set for lacklustre market debut despite oversubscription: Analysts

Volatility in global markets and selling pressure in the domestic stock market are likely to cast a shadow on LIC's listing

Stocks to Watch: LIC, IndiGo, GSK Pharma, Max Health, PSUs, Bharat Forge

Stocks to Watch Today: At 7:30 am, the SGX Nifty futures were quoting at 15,890 levels, hinting at an opening gain of 40-50 odd points for the Nifty.

LIC to list on bourses today: Check share price and other details

LIC IPO closed on May 9 and shares were allocated to bidders on May 12

Top headlines: LIC to list tomorrow; Biological E slashes Corbevax prices

Business Standard brings you the top headlines on Monday

Life insurers log new business premium growth of 84% in April, led by LIC

Life insurance companies logged 84 per cent growth in their cumulative new business premium at Rs 17,940 crore in April 2022, primarily helped by LIC, Irdai data showed.

Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings

Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Sees participation from 3.6 mn individual investors; policyholders lead