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The Latest Breaking News from LIC

LIC ups stake in Hero MotoCorp, HUL, Capri Global

NEW DELHI: LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and non-banking finance company Capri Global Capital through open market purchases over the last few months, the life insurer said on Tuesday.

The Times of India

Assam govt. cracks down on insurance agents among school teachers

Chief Minister Himanta Biswa Sarma had attributed the poor Class 10 results of State-run schools partly to such teachers.

The Hindu

Govt concerned about dip in LIC share price; calls it temporary blip

NEW DELHI: The government on Friday said it is "concerned" about the temporary blip in LIC scrip and the insurer's management will look into these aspects and raise shareholders' value.

The Times of India

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Don't worry, I'm there: MP CM Shivraj Singh Chouhan to Covid orphan battling loan notices

BHOPAL: Madhya Pradesh chief minister Shivraj Singh Chouhan met the Covid orphan battling loan recovery notices from LIC Housing Finance Ltd at his residence on Thursday and assured her that he will approach Union finance minister Nirmala Sitharaman to get her father's loan waived.

The Times of India

LIC customers and nation are losing out, says Isaac

‘It used to give 95% of surplus generated to policyholders’

The Hindu

LIC shares hit new record low of Rs 723.70; one-fourth of market-cap wiped out

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a new record low of Rs 723.70 on Thursday, which is nearly 25 per cent down from its IPO issue price of Rs 949.

The Times of India

BHEl, LIC played key role in country’s development: Amit Shah

It was due to the farsightedness of the Planning Commission, he says

The Hindu

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Lease income from ‘residential’ property is exempt from GST

MUMBAI: Rent or leave and license fees received by an owner of a residential flat, even if such flat has been let out to corporate entities for use by the latter’s employees, will not be subject to goods and services tax (GST). This was recently held by the Authority for…

The Times of India

LIC shares decline for 5th day; m-cap falls below Rs 5 lakh crore-mark

NEW DELHI: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and further declined by nearly 3 per cent, dragging its market valuation below the Rs 5 lakh crore-mark.

The Times of India

LIC shares slump to record low of Rs 782.45; market cap slips below Rs 5 lakh crore

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949.

The Times of India

Bhopal: Help pours in for Covid orphan battling loan recovery notices

BHOPAL: From the Madhya Pradesh government to individuals and private firms, help poured in on Sunday for the Bhopal Class X topper, a Covid orphan who was getting recovery notices from LIC for a home loan her late father had taken.

The Times of India

Tata Group most valuable Indian brand: Top UK firm

NEW DELHI: The Tata Group remains the most valuable Indian brand and its oldest company — Taj Hotels — has emerged as the strongest brand in India, according to UK-based Brand Finance (BF), which is the world's leading sectoral valuation consultancy.

The Times of India

Determination of embedded value 'work in progress': LIC MD

MUMBAI: State-owned Life Insurance Corporation of India (LIC) on Tuesday said the exercise of determining its embedded value as on March 2022 is a "work in progress" and is likely to be completed by the end of next month.

The Times of India

LIC to declare financial results for FY22 on May 30; board to consider dividend payment

NEW DELHI: The board of directors of the state-owned Life Insurance Corporation of India (LIC) is scheduled to meet at the end of this month to declare the financial results for the fiscal year ended March 2022.

The Times of India

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The Times of India

Aramco-style dividend is what LIC investors seek post flop debut

NEW DELHI: Disappointed by a 7.8% plunge that made for the world’s second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corporation (LIC) of India will be counting on a bumper dividend if government wants them to stay put.

The Times of India

Sensex zooms 1,345 points led by gains across sectors; Nifty settles at 16,259

NEW DELHI: Equity indices extended gains to second session on Tuesday with the benchmark BSE sensex rising over 1,300 points led by gains across all sectors.

The Hindu

LIC sees lacklustre debut in stock market; lists at over 8% discount

LIC lists on NSE at ₹872 per share, down 8.11% over the issue price of ₹949

Dynamite News

Business: LIC share lists at 8.11 per cent discount at Rs 872 on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. Read details on Dynamite News:

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The Times of India

LIC shares to make stock market debut on Tuesday: All you need to know

NEW DELHI: After much anticipation, India's biggest initial public offer (IPO) is all set to make its market debut on Tuesday.

The Times of India

Faith of millions of small investors put to test with LIC debut

NEW DELHI: Millions of Indians investing in the country’s biggest listing could turn sour on the equity market if the stock follows the poor performance of its state-run predecessors.

The Times of India

LIC IPO share allotment: How to check your status

NEW DELHI: India's biggest initial public offer (IPO) by Life Insurance Corporation (LIC) received a stellar response from investors.

The Times of India

LIC IPO lifted by domestic investors, example of Atmanirbhar Bharat: Dipam secretary

NEW DELHI: Terming LIC IPO as an example of Atmanirbhar Bharat in the context of Indian stock markets, Dipam secretary Tuhin Kanta Pandey on Monday said this issue has been predominantly lifted by domestic investors.

The Times of India

LIC IPO subscription closes: Issue oversubscribed nearly 3 times

NEW DELHI: India's biggest ever initial public offer (IPO) by Life Insurance Corporaation (LIC) received a stellar response from all categories of investors.

The Times of India

Foreign investors shun LIC IPO over market risks

NEW DELHI: Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.

The Hindu

Fire breaks out at LIC building in suburban Mumbai

‘It was restricted to the second floor of the building,’ LIC said in a statement

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