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LIC seeks Irda rethink on solvency margin

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 The communication was sent to Irda last month, LIC pointed out that the insurer had off-balance sheet reserves of Rs 50,000 crore by way of appreciation in government securities in addition to unrealised appreciation of Rs 10,000 crore, company executives said.

 Irda officials, however, said that LIC

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UBS posts quarterly loss

UBS AG, Switzerland’s biggest bank, posted a fourth-quarter loss after booking a fine for trying to rig global interest rates and costs tied to job ...

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