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Total 387 results found. Search for [ Life insurance Corporation ]

Results 1 to 21 of 387
Mudit Kapoor
New Delhi, September 12, 2018
Jeevan Shanti plan is a non-linked, non-participating, single premium plan in which the policy holder has a choice between immediate annuity and deferred annuity.


BusinessToday.In
New Delhi, September 7, 2018
Couple of months after its launch that disrupted the telecom industry with its cheap data plans and wide availability, Jio rushed to the 11th spot.


BusinessToday.In
September 4, 2018
In June, the board of Insurance Regulatory and Development Authority of India had permitted LIC to increase its stake from 10.82 per cent to 51 per cent in IDBI Bank.


BusinessToday.In
New Delhi, August 29, 2018
The order came in light of the writ petition filed by All-India IDBI Bank Officers' Association, asking the court to prohibit the government from reducing its stake in the bank below 51 per cent.


PTI
New Delhi, August 28, 2018
The oral assurance by the LIC was given before Justice Vibhu Bakhru as he appeared inclined to pass orders restraining LIC from making any investment in the IDBI in which the government intends to dilute its shareholding below 51 per cent.


BusinessToday.In
August 14, 2018
The Life Insurance Corporation is in the process of buying 51 per cent stake in the debt-stressed IDBI Bank. The Union Cabinet gave its approval to the proposal on August 1.


BusinessToday.In
New Delhi, July 26, 2018
Incorporated in 1987, IL&FS was ex-Citibanker Parthasarathy's brainchild and was initially promoted by the Central Bank of India, Housing Development Finance Corporation Limited and Unit Trust of India (UTI).


Joe C. Mathew
New Delhi, July 23, 2018
The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.


BusinessToday.In
July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
July 11, 2018
At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE. Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports about the open offer poured in. On NSE, shares of the company zoomed 9.32 per cent to end at Rs 53.35.


BusinessToday.In
July 9, 2018
Share sale and purchase of beaten down stocks such as that of IDBI Bank by the insurer is a part of long-term strategy to reap huge gains when the fortunes of public sector banks revive in the future, the report added.


BusinessToday.In
New Delhi, July 5, 2018
Life Insurance Corporation's talks to acquire the ailing IDBI Bank amounts to throwing good money after bad. The nation's largest insurer has decided to acquire a majority stake in the hugely loss-making IDBI Bank, possibly under government pressure. Watch this video where BusinessToday.in Editor Rajeev Dubey explains why LIC's decision to buy majority stake in IDBI Bank is not a wise choice.


Rajeev Dubey
New Delhi, July 17, 2018
IDBI Bank will be a burden on LIC. Out of its total outstanding loans of Rs 1.99 lakh crore, it has already recognised gross NPAs worth Rs 55,588 crore while it has also provisioned for bad loans worth Rs 26,902 crore.


Mukesh Adhikary
New Delhi, July 4, 2018
For middle class Indian families, LIC is more than just a savings scheme, it's a way of life.


BusinessToday.In
July 2, 2018
Last week, the Insurance Regulatory and Development Authority of India permitted LIC to acquire up to 51 per cent stake in IDBI Bank. If the deal goes through, the bank will get a much-needed capital support as it is grappling with mounting non-performing assets.


BusinessToday.In
New Delhi, June 30, 2018
He has been appointed to the position for a term of three months. He is to replace Mahesh Kumar Jain, who recently took charge as Deputy Governor of the Reserve Bank of India.


BusinessToday.In
New Delhi, June 29, 2018
LIC is expected to invest up to Rs 11,000-Rs 13,000 in several tranches in IDBI Bank. The state-owned insurance company will not get management rights on the board of IDBI Bank and must pare its stake in the bank to 15 percent over a period of five to seven years.


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