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News digest: Govt faces no-confidence motion, Fortis-IHH deal, and more

From the Opposition's notice for a no-confidence motion against the Modi government to IHH Healthcare Berhad's Rs 40 billion acquistion of Fortis, BS brings you up to date with the latest news.

Topics
Lic  |  Idbi  |  Lic-idbi Bank Deal

BS Web Team  |  New Delhi 

LIC-IDBI Bank deal: Large exposure to PSUs hurts insurer returns Life Insurance Corporation (LIC) has bailed out several public sector companies — the acquisition of a majority stake in loss-making IDBI Bank being the latest — but these investments have resulted in the underperformance of the insurer’s equity portfolio. The country’s largest insurer, which has large shareholdings in public sector undertakings (PSUs) and public sector banks (PSBs), has not been able to beat the benchmark BSE Sensex index.

Read more. Fortis Healthcare fortunes to get ...

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First Published: Thu, July 19 2018. 03:05 IST
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