Page 29 - Life Insurance Corporation

LIC disinvestment: 100,000 employees stage walk-out across country

There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest

Govt on a 'sell India' mission, hiding real picture of economy: TMC MP

The government is selling PSUs along with LIC, which are properties of the people and steps are being taken without inviting any suggestions from policy makers and employees unions, the MP said

LIC IPO: Staff union to hold walkout strike in protests against move

The walk-out will take place at all offices of the insurance behemoth across the country

LIC IPO: Interest of policyholders will be protected, says Anurag Thakur

Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said

Top 10 biz headlines: Lower tax rates, LIC listing may take a year and more

From new tax regime proposed in the Budget to falling states' share in central tax pool, here are the top 10 business headlines for the day

Sitharaman's Budget 2020: Investor support may not sustain for IDBI Bank

The bank is expected to come out of the Reserve Bank of India's prompt corrective action (PCA) framework by March 2020

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

LIC listing could come in second half of FY21, says Finance Secretary

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC through an initial public offer in the next financial year

Nirmala Sitharaman's Budget 2020: Balancing act or leap of faith?

FM fights shrinking fiscal space by increasing non-tax revenue, freezing growth in subsidies

Budget 2020: Govt plans to sell stake in LIC, sets new disinvestment target

Paring its stake in the insurance giant will help the government meet its divestment target, which has been increased to Rs 2.1 trillion in financial year 2021

Employees' unions oppose govt plan to sell part of LIC holding via IPO

The government proposes to sell a part of its holding in LIC through IPO, she said while unveiling the Budget 2020- 21

Govt to list LIC as part of its disinvestment initiative: Sitharaman

She further said that the listing brings in more financial discipline among the entities

LIC's exposure to default debt instruments tops Rs 20,000 crore

The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.

Davos 2020: Tata group leads the Indian league of brands in Global 500

11 Indian brands make it to the 2020 Brand Finance list, up from 9 last year; all except Airtel rise up the ranks

Deposit Insurance Corporation sees Rs 14,100-cr claims amid PMC crisis

The Deposit Insurance and Credit Guarantee Corporation has received a total claim of about Rs 14,100 crore in case of defaulting co-operative banks amid massive scam at the now-crippled Punjab & Maharashtra Cooperative Bank, according to the RBI. However, the regulator, the Financial Stability Report said, was quick to add that all the claims may not materialise at the same time and some may even revive. The extent of devolvement on the Deposit Insurance and Credit Guarantee Corporation (DICGC) in the event of all the banks "under direction" or weak banks going into liquidation or ordered to be wound up, would be Rs 14,098 crore as of September-end, said the RBI's Financial Stability Report released recently. Cooperative banks have been under stress for long and the ongoing PMC Bank crisis, which involves a scam of Rs 6,500 crore that is 73 per cent of its total assets of around Rs 9,000 crore, is related to a single entity, the bankrupt HDIL, which has been gaming the bank since .

LIC pays Rs 2,611 cr dividend to govt, generated Rs 53,214.41 cr in 2018-19

LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in presence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda

Yield on LIC's investment portfolio slipped to 8-year low of 7.59% in FY19

The data suggests that the decline in yield is largely due to slower growth in net income from investment compared to the growth in the insurer's investment portfolio

LIC woos millennials with upgraded website, better customer service

Online upgrade, push to agency and alternate channels has helped it increase market share

Robust outlook for life insurance companies but valuations extremely pricey

Good growth in high-margin products, persistency and reach augur well; risk-averse investors could buy the dips

PFS to raise Rs 500 cr in equity; looks to bring down gross NPA under 4%

The company has also become the first NBFC to avail of the RBI's credit enhancement scheme by raising Rs 250 crore in bonds from LIC