Page 13 - Lic

Sebi fines LIC, SBI, BoB for not cutting stake in UTI MF below 10%

LIC, SBI, and BoB did not bring stake below 10% by March 2019 in accordance with rules

Sebi penalises LIC, BoB and SBI for failing to pare stake in UTI MF

IPO in the first week of September to ensure compliance

LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies

LIC IPO: Govt screens 11 companies for role of transaction advisor

Presentations made on video conference to government; IPO pegged at Rs 1 trillion by some

Yes Bank FPO: Anchor demand indicates Rs 15,000 crore a tall ask for lender

LIC, SBI asked to chip in to meet demand shortfall, says sources

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

Life insurers note 25% drop in new business premiums in May due to Covid-19

In the first two months in FY21, NBP of life insurers dropped almost 30%

Tata, LIC, Reliance most valued brands but Covid may spoil the equation

Tata group holds on to the top rank while Reliance climbs a spot; Indian Oil debuts in the top 10 list with a 41% jump in brand value

LIC in the time of coronavirus: A question mark now on the mega IPO

The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993

LIC declares relaxation on premium payments amid coronavirus spread

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

BS insurance roundtable: 'Government doesn't determine LIC's investments'

Tax incentive was actually a motivation for individuals to be careful and more risk aware, as well as to protect their families

YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

Top Headlines: Key Cabinet decisions, Coronavirus updates, and more

The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17

LIC to buy 1.35 billion shares of YES Bank at Rs 10 apiece: TV reports

State Bank of India (SBI) had on Thursday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity

Govt to retain management control in LIC after listing: FM Sitharaman

The IPO, she said, would be brought out after necessary legislative changes and regulatory approvals

BS Insurance Round Table 2020: Insurers unnerved by new tax regime

Leaders of the insurance industry bat for 100 per cent FDI in the sector

Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank

Association of stock brokers ANMI to mobilise 10 mn investors for LIC IPO

The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21