Page 18 - Lic

LIC adds Rs 1,983 cr in kitty by offloading shares in Siemens, Icra

LIC said its holding in Siemens decreased by over 2 per cent from October 14, 2020, to July 18, 2022, at an average cost of Rs 2,701.19 per piece.

Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more

PSU giant Life Insurance Corporation of India (LIC) has released some key data points. Its embedded value (EV) for 2021-22 has worked out to be Rs 5.41 trillion

Can LIC maintain dominant mkt share, improve growth in profitable segments?

If new business premium and margin continue to improve, there can be a decent upside in the stock

LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%

In the past, analysts have said that LIC's balance sheet and, in turn, EV remain very sensitive to equity market movements

CoC members, bidders must be barred from buying RCap bonds held by LIC: NGO

They are "insiders" and have access to crucial information, says Infrastructure Watchdog; meanwhile, last date if bond sale to be extended to July 22 as LIC finds no takers

LIC finds no takers among ARCs for Rs 3,400-crore Reliance Capital bonds

Multiple sources said ARCs did not find the option to buy bonds of the bankrupt firm attractive and decided to give it a miss

Life Insurers to benefit once again from low-base effect in Q1FY23

Analysts are more bullish on stocks of private insurers

LIC gains 2% market share in new business premium in April-June quarter

NBP, however, is below the FY21 and FY20 levels

India's deal street hits all-time high of $130 bn in H1CY22 on mega mergers

The mega USD 60-billion merger of the HDFC twins, USD 10.5-billion Adani-Holcim deal along with USD 2.7-billion LIC share sale in the June quarter pushed the deal market to an all-time high of USD 130.3 billion in the first half of 2022, a report said on Wednesday. Deals worth USD 130.3 billion was more than double than the value recorded in the year-ago period, making it the highest semi-annual period since records began in 1980, according to the data tabulated by Refinitiv, an LSEG business. The April-June quarter of 2022 saw the strongest deal making activity, pushing the total deal value to a record USD 130.3 billion in the first half of the year, which is more than double of the year-ago period and sets an all-time semi-annual record by value and number of announced deals since 1980, the report said. The report attributes the numbers to the significant growth opportunities in the overall market and domestic consolidations bolstering Mergers and Acquisitions (M&As), which was .

LIC says govt nominee Pankaj Jain ceases to be director on board

The new director nominated by the government is Suchindra Mishra, it said.

Determining of embedded value likely to be completed by July 15: LIC

It is informed that the exercise of determining the Indian Embedded Value (IEV) as on March 31, 2022, may take some more time to get completed, LIC said in a statement.

15-yr record in IPO filing with Sebi belies market volatility, shows data

This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture.

Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers

In 5 yrs, we'd like to be No. 1 in bancassurance: LIC chairperson MR Kumar

We firmly believe that once the market stabilises, our inherent strength and performance will be recognised

LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price

LIC's stock traded at its lowest level since market debut on May 17, 2022

With $17-bn wipeout, LIC IPO among biggest wealth destroyers in Asia

LIC's shares are poised to fall for a 10th consecutive session, slipping as much as 5.6% Monday after a mandatory lock-up period for anchor investors ended Friday

Enter the dragon: Foreign investors turn positive as China shrugs off Covid

Some funds could reallocate from other EMs to China, posing fresh headwinds for India, which commands a steep valuation premium compared with other EMs

For the Modi government disinvestment hasn't been about earning money

The Modi government has earned twice as much from disinvestment as all previous governments combined have since 1991

Top headlines: RBI steps in to save rupee, power crisis deepens, and more

India's Minister of State for New and Renewable Energy Bhagwanth Khuba launched a "Ghar Ke Upar Solar Is Super" - another of those catchily-named schemes that characterise the Narendra Modi government

Investors lose Rs 1.2 trn as LIC shares tumble 20% below issue price

Those investors who had put their money in LIC IPO had experienced a heavy depreciation in their portfolio, as the shares of the insurance major have been tumbling ever since its exchange listing