Meet Lachhman Das Mittal, India’s oldest billionaire – He started his journey as an LIC agent in Punjab and now owns Sonalika Tractor Following retirement in 1996, Lachhman Das Mittal reinvested his savings into founding Sonalika Tractors, a decision that proved transformative as… 1 year agoApril 12, 2024
LIC, Cathay Life, NRMA: Which is the strongest insurance brand globally? Additionally, LIC India achieved the highest first-year premium collection of Rs 39,090 crore in FY23, while SBI Life Insurance and… 1 year agoMarch 26, 2024
SIDBI plans to raise Rs 5,000 crore via rights issue next financial year The refinancing entity for SME finance is witnessing a strong credit growth and to further grow the business, capital would… 2 years agoMarch 12, 2024
We are targeting Rs 1 trillion in AUM by 2026: LIC Mutual Fund CEO ‘We plan to strengthen our equity fund management team. Given how competitive this industry is, consistent performance is what matters.’ 2 years agoFebruary 14, 2024
LIC becomes fifth most valuable firm as stocks soar The stock climbed 5.86 per cent to settle at Rs 1,106.25 apiece on the BSE. During the day, it zoomed… 2 years agoFebruary 8, 2024
LIC Q3 net profit rises 49 per cent to Rs 9,444 crore The country’s biggest insurer had a net profit of Rs 6,334 crore in the year-ago period, according to a regulatory… 2 years agoFebruary 8, 2024
LIC’s holdings at all-time low; MFs’ share in NSE firms at new highs Domestic institutional investors have strengthened their holdings in listed entities, buoyed by inflows from retail investors. 2 years agoFebruary 7, 2024
No fresh stake sale in LIC in near future; Govt to wait till market rewards IPO subscribers The government may go slow on sale of any extra stake in Life Insurance Corporation (LIC) and wait for investors… 2 years agoJanuary 24, 2024
LIC to setup branch office in GIFT City; board clears proposal The board on Tuesday approved the proposal to set up a branch office at IFSC, LIC said in a regulatory… 2 years agoDecember 26, 2023
LIC gets 10 years to meet 25% public float norm The government, which holds 96.5% in the insurer, is not keen to dilute its stake further till the stock price… 2 years agoDecember 21, 2023
Govt grants one-time exemption to LIC to achieve 25 per cent MPS in 10 years The government had sold over 22.13 crore shares, or a 3.5 per cent stake in LIC, through an Initial Public… 2 years agoDecember 21, 2023
LIC Cards, IDFC First Bank, Mastercard collaborate to launch co-branded credit card Both variants of the card will offer travel benefits, such as complimentary access to lounges at airports and railway stations,… 2 years agoDecember 14, 2023
LIC receives GST demand order with interest and penalty worth Rs 183 crore for Telangana “This is to inform that the Corporation has received communication/ demand order for collection of GST along with interest and… 2 years ago
LIC shares hit 52-week high despite fall in premium The share gained despite LIC seeing a 33% fall in premium in November. The individual annual premium equivalent, or APE,… 2 years ago
LIC launches guaranteed return plan Jeevan Utsav Mohanty had said the new product is poised to disrupt the market and that there is a widespread interest among… 2 years agoNovember 29, 2023
LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, after the acquisition of an additional 82,75,90,885… 2 years agoNovember 27, 2023
LIC exploring possibility of setting up fintech arm: Chairman Siddhartha Mohanty “Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody… 2 years agoNovember 26, 2023
Stocks may face selling pressure after lock-in expiry 20% of LIC’s outstanding shares became eligible for trading on Monday. 2 years agoNovember 13, 2023
