[ad_1] The Life Insurance Corporation of India (LIC) has issued a statement in response to recent remarks made by the United States Trade Representative (USTR), which alleged that the Indian government provides favourable treatment to LIC. In a clarification, LIC said the insurer is treated like any other insurance company by the Indian government and […]
LIC to enter health insurance, acquisition announcement by March 31: CEO Siddhartha Mohanty – CNBC TV18
[ad_1] Life Insurance Corporation of India (LIC) is set to enter the health insurance sector, with discussions on acquiring a health insurer in the final stages, CEO Siddhartha Mohanty told CNBC-TV18 on Tuesday, March 18. LIC aims to finalise and announce the acquisition before March 31, marking a significant expansion into the growing health insurance […]
Granules India shares jump as LIC raises stake to over 5% – CNBC TV18
[ad_1] Shares of Granules India Ltd. climbed nearly 3% on monday hitting an intraday high of ₹474.74, after Life Insurance Corporation of India (LIC) increased its stake in the pharmaceutical company to 5.02%. PSU insurance giant, LIC purchased an additional 17.83 lakh shares between January 1 and March 3, raising its holding from 4.26% as of […]
LIC rolls out ‘Smart Pension’ plan; sales begin tomorrow – CNBC TV18
[ad_1] Life Insurance Corporation of India (LIC) has unveiled its new offering, the ‘LIC’s Smart Pension’, a Non-Participating (Non-Par), Non-Linked, Individual/Group, Savings, Immediate Annuity Plan. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index […]
Trade Setup for February 10: Nifty breakout above this key level could drive index towards 24,200 – CNBC TV18
[ad_1] The Nifty 50 index kicked off Friday’s trading session with a flat opening, as market participants remained cautious ahead of the Reserve Bank of India’s (RBI) Monetary Policy announcement. Despite the 25-basis-point repo rate cut by the RBI, the index failed to establish a definitive directional trend, grappling with heightened intraday volatility. Company Value […]
LIC Q3 Results: PSU insurer beats new business premium estimates, VNB margin steady – CNBC TV18
[ad_1] State-owned insurance giant, Life Insurance Corporation of India (LIC) posted a 21% year-on-year (YoY) decline in new business premium (NBP) for the third quarter of FY25 at ₹43,075 crore. Company Value Change %Change Despite the drop, this figure exceeded CNBC-TV18 estimates of ₹42,406 crore, indicating resilience in LIC’s premium collections amid market challenges. PSU […]
Marketbuzz Podcast with Kanishka Sarkar: Market likely to open little changed, LIC, SJVN shares in focus – CNBC TV18
[ad_1] Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 22 -The Indian equity market reversed Tuesday’s gains on Thursday, with the Nifty ending at a five-month low. The tone was negative from the beginning, however, buying in select heavyweights from the IT and […]
LIC reports 4% decline in Q2 net profit, but sees growth in premium income – CNBC TV18
[ad_1] Life Insurance Corporation (LIC) reported a 4% year-on-year (YoY) decline in its standalone net profit for the second quarter of FY25. The net profit for the quarter ended September 2024 stood at ₹7,621 crore, down from ₹7,925 crore in the same period last year. Despite the profit dip, LIC saw growth in key financial […]
LIC increases stake in Bank of Maharashtra to 7.10% via QIP – CNBC TV18
[ad_1] The Life Insurance Corporation of India (LIC) has raised its shareholding in the Bank of Maharashtra from 4.05% to 7.10%, as announced in an exchange filing on Saturday (October 5). This increase followed the allotment of 25.96 crore equity shares through a Qualified Institutional Placement (QIP). With this move, LIC’s stake in the bank […]