LIC sells 3.73 crore shares of 3 Adani Group stocks in Q3 to book profits

LIC sells 3.73 crore shares of 3 Adani Group stocks in Q3 to book profits

LIC sells 3.73 crore shares of 3 Adani Group stocks in Q3 to book profits Read more »
Sensex drops 346 points, Nifty slips 94 points amidst weak global markets & rise in Covid-19 cases

Life insurance companies record negative growth during COVID outbreak

Mumbai, June 9 : As the spread of Coronavirus crippled the economy, the growth of insurance business in the first two months of this financial year registered a decline of 30.7 percent... Read more »

RBI disapproves of IDBI’s change of name

The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed a change in... Read more »

LIC completes 51% controlling acquisition in IDBI Bank

LIC completed acquisition of 51% controlling stake in IDBI Bank today on 21st January 2019, making it the majority shareholder of the bank. The deal, conceptualized in June 2018, is envisaged as... Read more »

IDBI Bank to seek government nod for LIC’s stake purchase

State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a... Read more »

Industry new business premium witnessed a healthy growth trajectory during FY2018; ICRA expects NBP growth of 12% in FY2019: ICRA

ICRA has released its study on the Life Insurance Sector in the country. This paper analyses the performance of 16 Life Insurance Companies (comprising LIC and fifteen companies from the Private Sector)... Read more »