Top 10 biz headlines: LIC equity takes hit, rising crude prices, and more

From LIC equity kitty taking a hit to crude oil prices rising due to shortage in supply, here are the top 10 business headlines on Tuesday

LIC equity kitty takes Rs 57,000 crore hit in Q2FY20 amid market weakness

Selling pressure on frontline stocks and weakness in broader markets have weighed on the equity portfolio of Life Insurance Corporation (LIC) to the tune of Rs 57,000 crore in the current quarter. The insurer is known for making large equity investments, and has substantial holdings in many companies. Read More

FinMin plans to release unspent money, boost demand amid economic slowdown

The finance ministry is working out a mechanism to release the money, stuck after it sanctioned the amount to other ministries