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How has the govt's disinvestment strategy changed since liberalisation?

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991

How India's PSU stake-sale journey has evolved: Explained in 5 charts

The latest LIC stake sale marks another milestone in the government's disinvestment drive. Here's what the data reveals about PSU stake sales, disinvestment receipts and major listings

LIC's Q1 net profit rises 23% to ₹13,492 crore on higher premium income

Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to Rs 13,492 crore in the first quarter of the ongoing financial year. The country's biggest insurer had earned a profit of Rs 10,987 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter improved to Rs 2,37,848 crore from Rs 2,22,864 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing. LIC's income from first-year premium also improved to Rs 9,217 crore in the latest June quarter against Rs 7,525 crore in the same period of the preceding fiscal year. Income from renewal premiums in the reporting period increased to Rs 61,833 crore compared to Rs 59,885 crore a year ago. As regards single premium, the Corporation collected Rs 56,369 crore as compared to Rs 51,923 crore in the first quarter of the previous financial year. Thus, net premium income rose to Rs 1,27,250 crore in the quarter under

Q1 results today: LIC, Hero MotoCorp, Trent among 140 firms on Aug 6

Q1FY27 company results: Firms including Britannia Industries, Apollo Tyres, Emcure Pharmaceuticals, Fortis Healthcare, and Lupin are also to release their April-June earnings today

LIC OFS ends with retail portion undersubscribed, institutions drive demand

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

LIC OFS opens for retail investors today. Buy now or wait for better entry?

The ₹31,400-crore OFS by LIC is priced at ₹382, marking the first stake sale by the PSU insurer since its listing on bourses in 2022.

LIC's OFS oversubscribed 3.32 times; govt uses 4% greenshoe option

Shares tumbled nearly 9% on Tuesday even as bids worth over Rs 36k cr recd; settle at an over two-month low

Institutional investors oversubscribe LIC OFS, put in ₹36,400 cr bids

Institutional investors on Tuesday over-subscribed the government's 6.5 per cent share sale offer in Life Insurance Corporation (LIC) by putting in bids worth Rs 36,400 crore. Four years after the initial public offering (IPO), which had fetched Rs 21,000 crore, the government has launched LIC's offer for sale (OFS) whose size compares with the upcoming mega IPO offerings of the NSE and Reliance Jio Platforms. Through the two-day OFS, the government is selling up to 6.5 per cent stake or over 82.22 crore in the country's largest insurer LIC at a floor price of Rs 382/share. The issue comprises a base offer size of 2.5 per cent, with a green shoe option of 4 per cent. The issue will open for retail investors on Wednesday. Institutional investors put in bids for over 94.45 crore shares, at an indicative price of Rs 383.84/share. The bids are valued at Rs 36,400 crore at the indicative price bid. Shares of LIC slid 7.86 per cent to close at Rs 391 on the BSE. Its market capitalisati

Institutional investors subscribe 66% of LIC shares till afternoon trade

Institutional investors subscribed 66.10 per cent of the shares reserved for them in the LIC Offer-for-Sale (OFS) till noon on Tuesday. The government is offering over 28.46 crore shares in Life Insurance Corporation (LIC) to institutional buyers at a floor price of Rs 382 a piece. Institutional investors put in bids for over 18.81 crore shares, or 66.10 per cent of the shares reserved for them at an indicative price of Rs 382.07/share. Bidding will continue till 3:30 PM. Retail investors would be able to put bids on Wednesday. The government is selling up to 6.5 per cent stake or over 82.22 crore in country's largest insurer LIC at a floor price of Rs 382/share. Shares of LIC slid 7.03 per cent over Monday's close to Rs 394.50 on the BSE in afternoon trade. Its market capitalisation stands at over Rs 4.98 lakh crore. The issue comprises a base offer size of over 31.62 crore or 2.5 per cent of total capital, with a green shoe option of 50.60 crore shares or 4 per cent of the tota

Insurers deepen AI adoption to improve underwriting, customer service

Life and general insurers are expanding AI deployment across underwriting, claims, fraud detection and customer service to improve efficiency, productivity and turnaround times

Life insurers' June premium rises 13% on strong private sector growth

Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance

Govt ramps up share sale plans to cushion budget from oil price impact

Life Insurance Corp. of India, Hindustan Zinc Ltd., and several state-controlled banks are among eight companies identified by officials for stake sales in the coming months

Amid fiscal worries, govt puts PSU share sales on fast track to raise funds

As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"

Sunil Agrawal steps down as LIC chief financial officer effective July 14

Agrawal, who joined LIC in 2022 after stints at Reliance Nippon Life and ICICI Prudential Life, will step down effective July 14

LIC targets stronger market leadership as it approaches platinum jubilee

LIC CEO and MD R Doraiswamy has said that despite rising competition in the life insurance sector, the Corporation will stay focused on strengthening its leadership position while contributing to the national development as it heads toward its platinum jubilee. Insurance behemoth LIC alone commands close to 60 per cent market share in the life insurance segment and manages assets of over Rs 57 lakh crore. It has real estate properties valued at around Rs 60,000 crore. The story of Life Insurance Corporation of India (LIC), which completed its 70th year of existence, is inseparable from the story of India. "As the economy grows, LIC grows. LIC growth helps the economy grow. So, it has been a synergetic kind of relationship that LIC has been having," he told PTI in an interaction. Reflecting on the organisation's remarkable journey since its inception in 1956, he said that LIC's growth has always been closely intertwined with India's development. Built on the vision, dedication and

Govt appoints Dinesh Pant and Girija Subramanian as Irdai members

The Appointments Committee of the Cabinet has approved the appointment of LIC's Dinesh Pant and New India Assurance's Girija Subramanian as members of Irdai

Life insurance premium growth slows as LIC's momentum eases in May

Industry premium growth moderated to 5.1 per cent in May as group single premiums normalised and LIC's growth slowed, though private insurers continued to gain market share

LIC in talks with regulators to expand long-term instruments: CEO

State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including the Reserve Bank and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said. An Annuity product converts an accumulated retirement corpus into a guaranteed, lifelong stream of income. When one invests a lump sum, LIC pays a regular pension for life, ensuring the savings aren't outlived. "When the annuity markets are becoming more favoured by the policyholders, and more investments flow into annuities, we need to necessarily have long-term investments matching that kind of long-term liabilities. So we have been in touch with the (insurance) regulator as well as the regulators like SEBI, as well as RBI and the requirements of LIC, particularly are being duly communicated to them," he told PTI in an interview. He further said the sector regulator, Insurance Regulatory and Development ..

LIC's Rajesh Exports stake under scrutiny after Sebi's interim order

Gold refiner shares 400 GB of data with regulator

Stocks to Watch today, June 1: IndiGo, NMDC, Gas shares, Eternal, RIL

Stocks to Watch today, June 1: From IndiGo to Eternal, here is a list of shares that will remain in focus today