LIC made Rs 13,000 cr profit in equity till August this fiscal: MD
The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal, he said.
IRDAI identifies LIC, GIC, New India Assurance systemically important insurers
"D-SIIs will also be subjected to enhanced regulatory supervision," it added. D-SIIs refer to insurers of such size, market importance and domestic and global inter-connectedness whose distress or failure would cause a significant dislocation in the domestic financial system.
LIC Housing plans to raise Rs 50,500 crore
LIC Housing Finance said its overall borrowing power is of Rs 3 lakh crore and the proposed fund raise plan is within the limit.
Stocks in the news: Coal India, ONGC, Ashok Leyland, Adani Enterprises & LIC Housing Finance
LIC Housing said it will seek shareholders' approval in the upcoming annual general meeting this month to raise up to Rs 50,500 crore.
LIC Housing shares jump nearly 12% after Q1 results
The company's profit after tax stood at Rs 610.68 crore in the April-June quarter of the previous fiscal.
F&O: Bears get upper hand; but cooling VIX signals consolidation
As long as the index sustains below 11,250 level, the bounce could be sold into for further weakness towards 11,000 level, while on the upside, the medium-term hurdle has shifted lower to the 11,333-11,350 zone.
F&O: Nifty50 negates higher top and bottom; VIX too sees a spike
Nifty has to respect the immediate support at 11,450 level to witness a bounce towards the 11,600-11,650 zone, while on the downside next major support exists in the 11,350-11,333 zone.
Add LIC Housing Finance, target price Rs 325: ICICI Securities
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 15094.47 Crore) operating in NBFC sector.
LIC evolving digitally, but agency model is here to stay: Chairman
'Since the whole ecosystem is changing after Covid, I believe even agents will have to adopt the new technologies'
IDBI Bank sells remaining 0.21% stake in NSE
While both IDBI and LIC held stake in the exchange, the shareholding threshold in NSE was breached when LIC acquired a 51 per cent controlling stake in IDBI Bank.
LIC, FPIs cut stake in this pharma major, shares down
The latest shareholding data, filed by the company on July 15, showed that LIC held 4.22 per cent stake in the company as on June 30. It held 5.10 per cent stake in the preceding quarter ended March 31.
HAL's Rs 5,000 crore offer for sale fully subscribed
The OFS received an application for 5.21 crore shares as against the issue size of 5.01 crore shares, showed the exchange data.
Edelweiss voluntarily withdraws from LIC pre-IPO transaction advisor selection
It had gone through the three-stage process and was among the five finalists, of which two would be selected. The other companies that are still in the race are Deloitte, Citigroup, Credit Suisse and SBICaps.
F&O: Nifty continues to form higher highs & lows, supports shift higher
The index continued to form higher highs and lows for the third consecutive session and supports shifted higher gradually creating scope for further upside.
Stock market update: MidCap stocks advance; Max Fin Serv soars 14%
The BSE MidCap index was trading 0.5 per cent up at 15093.71.