Page 7 - Life Insurance Corporation

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: 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

LIC IPO: Govt expects to open IPO issue by mid-March: Report

LIC IPO: The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to Rs 90,000 cr

Top headlines: Monetary policy, LIC share sale and RIL's drone ambitions

Business Standard brings you the top headlines at this hour

LIC: Govt weighing 5% stake sale via mega IPO, says report

The government plans to offer 316 million shares of the 6.32 billion shares it owns in Life Insurance Corp of India, and no fresh stock will be issued, say sources

LIC has consistently lost market share in retail segment, says brokerage

After the rebound in November '21, LIC's growth in retail in December '21 slowed, and was materially lower than the private sector

IPO-bound LIC's AUM rose Rs 1 trillion from March-September 2021

As of September 2021, 61.67 per cent of LIC's AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies

LIC didn't pay dividend to govt in FY21, says Union Minister Karad

LIC did not pay any dividend to the government in last financial year and used free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, government told Rajya Sabha.

New business premium of life insurance firms sees tepid growth

NBP of the overall industry in January reported a marginal 2.65 per cent growth to Rs 21,957.04 crore over the same period a year ago.

IPO-bound LIC ropes in 6 independent directors on its board

With the appointment, the total number of independent directors goes up to 9 and all vacancies are filled.

LIC 3rd largest globally, but offers highest RoE of 82%, says Crisil report

At 64.1 per cent or with a gross written premium of $56.405 bn, LIC's market share is unparalleled globally, with no other life insurer anywhere else enjoying such a high market share