Page 23 - Life Insurance Corporation
Centre seeks regulatory fast track for LIC ahead of India's largest IPO
How successful any LIC stock sale will be, however, remains an open question
 "Centre seeks regulatory fast track for LIC ahead of India's largest IPO")
LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit
Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 per cent to Rs 389. Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. The lender reported better growth in the quarter due to higher disbursements during the
 "LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit")
LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
LIC and State Bank of India were top investors in AI's debt
 "LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding")
LIC's net profit zooms to Rs 1,437 crore in H1FY22 ahead of IPO
The government is expected to mop up around Rs 1 trillion from LIC's IPO
IPO-bound LIC's H1FY22 profit after tax surges to Rs 1,437 crore
Its new business premium growth rate stood at 554.1 per cent in H1FY22
 "IPO-bound LIC's H1FY22 profit after tax surges to Rs 1,437 crore")
Centre to get cracking on IDBI Bank sale once LIC IPO is launched
With LIC IPO being top priority, other plans take back seat
 "Centre to get cracking on IDBI Bank sale once LIC IPO is launched")
Bankers need not have heartburn, LIC staff deserved better pay: AIIEA
The employees of Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said AIIEA
LIC IPO: Search for anchor investors begins, govt may seek higher valuation
Govt asks I-bankers to approach big investors
 "LIC IPO: Search for anchor investors begins, govt may seek higher valuation")
Govt set to allow 20% foreign direct investment in LIC ahead of listing
DFS, Dipam and DPIIT have finalised the change in FDI policy
IPO-bound LIC plans more focus on ULIPs, annuity and health products
LIC looks to improve share of non-participating products
 "IPO-bound LIC plans more focus on ULIPs, annuity and health products")
IPO Rush: Offerings to see healthy response in 2022; pricing key concern
Initial public offerings in 2022 might include LIC and NSE
 "IPO Rush: Offerings to see healthy response in 2022; pricing key concern")
IPO fireworks in New Year too; firms likely to garner Rs 1.5 trillion
All said, the possible impact of the coronavirus pandemic, especially with the emergence of Omicron, might still be a cause for concern
 "IPO fireworks in New Year too; firms likely to garner Rs 1.5 trillion")
LIC warns of legal action over misuse of its logo on social media
LIC has asked the public not to fall prey to proposals which are misusing its logo on social media platforms like Twitter, Facebook, Instagram and YouTube and other social media
Top headlines: India not to resume int'l flights from Dec 15; LIC NPAs down
LIC has provided heavily against its debt portfolio and managed to bring down its net non-performing assets (NPAs). More about the state-owned firm in our morning briefing.
 "Top headlines: India not to resume int'l flights from Dec 15; LIC NPAs down")
IDBI assets manager to merge with LIC MF, clear path to latter's mega IPO
Following the merger, IDBI AMC, which currently has assets under management (AUM) of Rs 4,344 will cease to exist.
 "IDBI assets manager to merge with LIC MF, clear path to latter's mega IPO")
BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts
The life insurance industry saw massive disruptions in the initial period of the pandemic
 "BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts")
Govt aims big for LIC IPO, inspired by Zomato; eyes Rs 10 trn valuation
Valuers are expected to finalise embedded value of LIC this month
India pushing to get LIC IPO done on time: FM Sitharaman
Finance Minister announced plans to sell shares in the insurer in February 2020, but pandemic slowed the process
 "India pushing to get LIC IPO done on time: FM Sitharaman")
Improving business prospects, divestment make analysts bullish on PSU stks
In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses
 "Improving business prospects, divestment make analysts bullish on PSU stks")
LIC invites applications to appoint chief financial officer ahead of IPO
The Union government plans to list LIC on the bourses by the end of this fiscal year
 "LIC invites applications to appoint chief financial officer ahead of IPO")