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LIC Profit Jumps Multifold To Rs 682.89 Crore In Q1

LIC Profit Jumps Multifold To Rs 682.89 Crore In Q1

The state-run life insurance behemoth, which went public recently, had a net profit of Rs 2.94 crore in the year-ago period

12 August 2022
Important Information For August 8 Stock Trading Strategy

Important Information For August 8 Stock Trading Strategy

Foreign institutional investors (FIIs) bought shares worth Rs 1,606 crore on Friday while domestic institutional investors sold shares worth Rs 496 crore

08 August 2022

Stock Market Outlook: Earnings, Global Cues To Set Market Trend This Week

The country's biggest lender State Bank of India (SBI) on Saturday posted a 7 per cent decline in standalone net profit at Rs 6,068 crore for the first quarter...

Eight Of Top-10 Firms Add Rs 98,235 Crore In Mcap

Eight Of Top-10 Firms Add Rs 98,235 Crore In Mcap

The market valuation of Reliance Industries Limited climbed Rs 17,048.21 crore to stand at Rs 17,14,256.39 crore and that of ICICI Bank advanced Rs 13,861.32...

07 August 2022

ED Files Charge Sheet In Visakhapatnam Court Against Ex-LIC Employee

The court has taken cognisance of the prosecution complaint filed under criminal sections of the Prevention of Money Act (PMLA) against Dharavath Sakru on July...

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19 July 2022
LIC Adds Rs 1,983 Crore In Kitty By Offloading Shares In Siemens, Icra

LIC Adds Rs 1,983 Crore In Kitty By Offloading Shares In Siemens, Icra

Corporation's shareholding in Siemens Ltd has diluted from 25,623,599 to 18,412,652 equity shares, decreasing its shareholding from 7.195 per cent to 5.170 per...


17 July 2022
Six Of Top-10 Firms Lose Rs 1.68 Lakh Crore In Mcap Led By TCS

Six Of Top-10 Firms Lose Rs 1.68 Lakh Crore In Mcap Led By TCS

From the laggards, Tata Consultancy Services (TCS) took the biggest hit as its market valuation tumbled from Rs 99,270.07 crore to reach Rs 10,95,355.32 crore....


05 July 2022
IDBI Bank's Gold Loan Business Crosses Rs 10,000-Crore Milestone

IDBI Bank's Gold Loan Business Crosses Rs 10,000-Crore Milestone

The LIC-controlled bank said its loan processing system is fully automated and this has helped in the growth of the gold loan book


03 July 2022
Three Of Top 10 Firms Lose Rs 73,630 Crore In Market Capitalization

Three Of Top 10 Firms Lose Rs 73,630 Crore In Market Capitalization

While HUL and ICICI Bank were the other laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC, and Bharti Airtel were the gainers


30 June 2022
Nityanand Prabhu Executive Director & Business Head, LIC Mutual Fund Asset Management Ltd explains why 2022 May Turn Out To Be The Year Of Debt Fund

Nityanand Prabhu Executive Director & Business Head, LIC Mutual Fund Asset Management Ltd explains why 2022 May Turn Out To Be The Year Of Debt Fund

Financial markets have gone through series of impediments and a meaningful recovery may not be around the corner. Nevertheless, when looked at a longer-term...


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24 June 2022
All You Need To Know About LIC Bima Jyoti Insurance Plan

All You Need To Know About LIC Bima Jyoti Insurance Plan

Launched in December 2021, the LIC Bima Jyoti Insurance plan is a non-linked, non-participating, individual, life assurance savings plan that provides...


14 June 2022
LIC Ups Stake In Hero MotoCorp, HUL, Capri Global

LIC Ups Stake In Hero MotoCorp, HUL, Capri Global

The corporation's shareholding in Hero MotoCorp has increased from 1,83,10,233 to 2,24,91,571 equity shares, or from 9.163 per cent to 11.256 per cent of the...


14 June 2022
LIC Ups Stake In Capri Global To Over 7% With Rs 221 Crore Investment

LIC Ups Stake In Capri Global To Over 7% With Rs 221 Crore Investment

LIC's shareholding in Capri Global Capital has increased from 88,58,348 equity shares to 1,24,00,000 equity shares or from 5.043 per cent to 7.059 per cent of...


06 June 2022
LIC Shares Fall For 5th Day; M-Cap Dips Below Rs 5 Lakh Crore-Mark

LIC Shares Fall For 5th Day; M-Cap Dips Below Rs 5 Lakh Crore-Mark

The stock fell by 2.86 per cent to end at Rs 777.40 apiece on the BSE. During the day, it tanked 3.10 per cent to Rs 775.40 -- its lowest level since listing...


31 May 2022
LIC Profit Drops 17% At Rs 2,409 Crore In March Quarter

LIC Profit Drops 17% At Rs 2,409 Crore In March Quarter

The total income of the insurer during the March quarter increased to Rs 2,12,230.41 crore, from Rs 1,90,098 crore in the same period of the previous fiscal.


17 May 2022
LIC Becomes Fifth Most Valued Company With Mcap Of Rs 5.54 Lakh Crore

LIC Becomes Fifth Most Valued Company With Mcap Of Rs 5.54 Lakh Crore

Shares of LIC closed at Rs 875.45, down Rs 73.55 or 7.75 per cent over the issue price, on the BSE. At this price, LIC is valued at nearly Rs 5.54 lakh crore....


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09 May 2022
LIC IPO Shares To Be Allocated To Bidders On May 12

LIC IPO Shares To Be Allocated To Bidders On May 12

LIC's IPO was subscribed 2.95 times on the last day of the offer period on Monday, helping the government mobilize about Rs 21,000 crore.


09 May 2022
IDBI Bank Board Approves Appointment Of T N Manoharan As Part-time Chairman

IDBI Bank Board Approves Appointment Of T N Manoharan As Part-time Chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of...


09 May 2022
LIC IPO Subscribed Nearly 3 Times On Last Day; Government Raises Rs 21,000 Crore

LIC IPO Subscribed Nearly 3 Times On Last Day; Government Raises Rs 21,000 Crore

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm.


09 May 2022
LIC IPO Subscribed Nearly 3 Times; Government Raises Rs 21,000 Cr

LIC IPO Subscribed Nearly 3 Times; Government Raises Rs 21,000 Cr

Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the...


09 May 2022
LIC IPO: QIB Portion Fully Subscribed On Day 5, Offer Closes Today

LIC IPO: QIB Portion Fully Subscribed On Day 5, Offer Closes Today

With the public offer which closes later in the day, the government aims to generate about Rs 21,000 crore by diluting a 3.5 per cent stake in the insurance...


07 May 2022
Mumbai: Fire Breaks Out In LIC Office In Vile Parle

Mumbai: Fire Breaks Out In LIC Office In Vile Parle

The blaze erupted at 7 am on the ground plus a two-storey structure located on S V Road in Vile Parle west, and no casualty has been reported so far.


06 May 2022
LIC IPO: Retail Portion Fully Subscribed On Day 3

LIC IPO: Retail Portion Fully Subscribed On Day 3

Subscription for the non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.


05 May 2022
LIC IPO Subscribed 90 Percent Till Noon On Second Day

LIC IPO Subscribed 90 Percent Till Noon On Second Day

LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The...


04 May 2022
LIC IPO Subscribed 64% On Day 1; Policyholders, Employees Portions Oversubscribed

LIC IPO Subscribed 64% On Day 1; Policyholders, Employees Portions Oversubscribed

Portions set aside for Non Institutional Investors and Qualified Institutional Buyers (QIBs) also got subscribed 26 per cent and 33 per cent each...


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