Page 31 - Lic
LIC: Govt may seek proposals from investment banks for mega IPO in June
An offering could happen as soon as March 2022, say sources
 "LIC: Govt may seek proposals from investment banks for mega IPO in June")
LIC's holding slips to an all-time low of 3.66 pc on profit-booking
LIC's holding across 296 companies where its holding is more than 1 per cent, slipped to an all-time low of 3.66 per cent as on March 31, 2021, down from 3.70 per cent as on December 31, 2020
 "LIC's holding slips to an all-time low of 3.66 pc on profit-booking")
IDBI Bank: A dilemma of 'parallel sales' in the Indian financial sector
A buyer of the government's stake will have to contend with simultaneous market sales by the other major shareholder, LIC
 "IDBI Bank: A dilemma of 'parallel sales' in the Indian financial sector")
Top headlines: CWC postpones important decision; iron ore surges 10%
LIC's holding in listed companies at all-time low, BharatPe plans to disburse Rs 14,000 cr in business loans, and other top news of the day
 "Top headlines: CWC postpones important decision; iron ore surges 10%")
LIC's holding in listed companies at all-time low on profit booking in Q4
Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Monday
 "LIC's holding in listed companies at all-time low on profit booking in Q4")
Cabinet approves strategic disinvestment in IDBI Bank
LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter
 "Cabinet approves strategic disinvestment in IDBI Bank")
LIC has now become tenth-most-valuable insurance brand globally
The total value of the world's top 100 most valuable insurance brands declined 6% in 2021 from a year earlier. But LIC's brand value increased by almost 7%
 "LIC has now become tenth-most-valuable insurance brand globally")
Process to derive LIC's embedded value may take more than a quarter
It's a significant preparatory step for the initial public offering of the country's largest insurer
LIC paid Rs 1.34 trn as claims to policyholders in FY21, marking growth
State-owned insurer said it procured 2.1 crore policies in FY21, out of which 46.72 lakh were in March
Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21
One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said
IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal
The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year
 "IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal")
Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC
Jindal Saw on Friday said it raised Rs 500 crore through allotment of non-convertible debentures on a private placement basis to LIC of India
 "Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC")
LIC employees protest in Ludhiana against insurance sector's FDI limit hike
LIC employees staged a protest in Ludhiana against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC
 "LIC employees protest in Ludhiana against insurance sector's FDI limit hike")
LIC eases policy claim settlement process to mitigate customer hardships
To mitigate the hardships faced by customers due to the pandemic, LIC said policyholders can deposit their maturity claim documents at their nearest LIC office anywhere till the end of the month.
Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list
Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Read top stories today
 "Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list")
IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs
Deck clears for government's stake sale; improvement in lender's finances key to invoke investor interest
 "IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs")
Top headlines: Apple's India plans, raw material crunch for vax maker, and more
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely
 "Top headlines: Apple's India plans, raw material crunch for vax maker, and more")
Sebi's new free float norms and what it means for LIC IPO: Explained
Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms
 "Sebi's new free float norms and what it means for LIC IPO: Explained")
Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record
A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard
 "Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record")
General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report
While state-owned insurers' losses rose 1.12% to Rs 18,741 cr, those of private insurers were up over 26% to Rs 3,647 cr
 "General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report")