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Major US, global insurers, not LIC, led Adani's recent $10 bn investments

Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading international insurance firms. Apollo Global Management -- Athene's parent company -- in a statement on June 23 stated that its managed funds, affiliates, and other long-term investors had completed a USD 750 million "investment grade rated financing" for Mumbai International Airport Ltd (MAIL). This was Apollo's second large financing for MIAL, following its previous financing that provided operational flexibility to ...

Savings of LIC's 300 mn policyholders 'misused' to benefit Adani: Congress

The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..

Money market, PSU debt funds among best bets for investors: Marzban Irani

With headline inflation close to 2 per cent and a growth trajectory going south after Q2FY26, we expect interest rates to remain lower for longer, Irani said

Opening top PSB posts to pvt sector a 'dangerous precedent': Bank unions

UFBU calls new ACC guidelines a de facto privatisation of leadership and urges government to review the move through a joint stakeholder committee

FSIB recommends Ramakrishnan Chander as LIC's next managing director

The Financial Services Institutions Bureau has recommended Ramakrishnan Chander for the post of LIC Managing Director, with the final decision to be taken by the Appointments Committee

Life insurers' new biz premiums fall 5.2% in Aug as LIC drags growth

New business premiums of life insurers fell 5.2% YoY in August to Rs 30,959 crore as LIC posted a sharp decline, while private insurers recorded double-digit growth

Banks aid exporters amid US tariffs, S&P Global lifts India's rating, IDBI Bank privatisation & more

With the US imposing 50% tariffs from Aug 27, Indian banks are stepping in to support exporters, especially MSMEs, through cheaper loans, flexible repayment, export insurance.

Sebi approval for LIC as IDBI Bank public shareholder after divestment

SEBI has approved reclassification of LIC as a public shareholder in IDBI Bank following strategic divestment, subject to curbs on voting rights and board representation

Have a lapsed LIC policy? Company offers discounts on fees to get you back

Customers can restore lapsed plans until Oct 17 if they meet certain conditions

Stocks to Watch, Aug 19: RIL, Tata Steel, Swiggy, Vedanta, Hindustan Zinc

Stocks to Watch, August 19, 2025: From RIL to Vedanta, here are a few stocks that will be eyed by investors and traders; check the full list

LIC launches nationwide campaign to revive lapsed insurance policies

LIC has launched a campaign from August 18 to October 17 to revive lapsed individual policies, offering up to 30 per cent concession on late fees with caps based on premium size

Govt to begin LIC stake sale roadshows, may sell 3% stake in first tranche

The government may sell 2.5-3 per cent of its stake in LIC in the first round, aiming to raise up to ₹17,000 crore, with roadshows likely to start in two weeks

LIC targets sales growth in double digits for FY26: MD & CEO R Doraiswamy

The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy

RBI keeps repo rate steady, AU Small Finance Bank big upgrade, LIC eyes general insurance & more

The Reserve Bank of India’s rate-setting committee unanimously decided to keep the key repo rate steady at 5.5%. The central bank also maintained a neutral policy stance.

Stocks to Watch today, Aug 8: Titan, BSE, Biocon, LIC, Godrej Consumer

Stocks to Watch today, August 8, 2025: Titan, BSE, LIC, Godrej Consumer Products, and Biocon are some of the key stocks to watch today

LIC Q1 results: Profit up 5% to ₹10,987 cr on strong policy renewals

Profit after tax for the country's biggest insurer rose to 109.87 billion rupees ($1.26 billion) for the quarter ended June 30 from 104.61 billion rupees a year earlier

Q1 results today: LIC, HPCL, Godrej Consumer Products among 233 on Aug 7

Q1 FY26 company results, August 7: Bajaj Electricals, NBCC (India), Biocon, Edelweiss, Titan Company, and are also set to release their April-June quarter earnings reports today

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

LIC inks $1 billion in bond derivatives as hedging gains traction

LIC's FRA deals with Wall Street banks mark 38% of recent trades, as India's largest insurer adapts to market risk and rising bond demand amid equity losses

R Doraiswamy takes charge as LIC's MD & CEO for a three-year term

R Doraiswamy, a LIC veteran with over 39 years' experience, has been appointed MD & CEO for three years as the insurer sees a major reshuffle in its top management