Page 7 - Life Insurance Corporation Of India Lic

Govt refutes speculation over LIC IPO's delay, says it is 'on course'

The government on Sunday refuted media speculation around the IPO of LIC and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022

Global investors hold preliminary discussions on LIC's anchor book: Report

The book managers of LIC are reaching out to as many as 100 global investors, including global fund managers, pension fund managers, and private equity funds

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.

DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation on the bourses in the January-March quarter of 2022

LIC HFL extends lowest home loan offer of 6.66% for loans up to Rs 2 cr

Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.

Govt invites bids for second time from law firms for LIC IPO

On July 15, the government had floated request for proposal inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not receive sufficient response.

Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended

Business Standard brings the top headlines of the day

India considers allowing foreign direct investment in LIC: Report

Any strategic investment would be subject to a cap, though it's unclear at what level that would be set, according to a person familiar with the matter

16 merchant banks in fray for lead managers to LIC IPO, govt may choose 10

The entities will have to make a presentation to DIPAM on August 24-25

LIC, EPFO keen to set up fund for startups, says DPIIT official

LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday

PSU insurers employees go on strike to protest proposed privatisation

Employees of public sector general insurance (PSGI) companies are observing nationwide one-day strike on Wednesday to protest against intended privatisation of state-owned insurers.

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

LIC's NPAs in debt portfolio reduce, persistency ratio improves in FY21

In FY21, gross NPAs of LIC reduced by 39 basis points (bps) to 7.78 per cent from 8.17 per cent a year ago.

Coming soon: LIC kicks off work on IPO allotment to policyholders

The government is moving fast with the IPO, which is said to be India's largest.

IPO-bound LIC to have CEO, managing director as Centre scraps chairman post

Govt amends another rule to appoint a full-time actuary for state-owned insurance behemoth

Top headlines: Steel leads in capacity expansion, GCCs bet on Indian talent

Business Standard brings you the top headlines on Monday

Govt dials investors ahead of LIC's IPO; embedded value expected by August

Preliminary presentation made on insurer's prospects

Value of FPI, LIC and retail holdings hits record highs in Q4, shows data

This came amid buoyancy in the secondary market

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

As 6 pvt insurers set to increase term plan premiums, LIC won't raise rates

While several big players had raised rates last year, following the outbreak of the Co­vid-19 pandemic, LIC did not do so and it has no plans to do it now, sources in the company said