[ad_1] Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of […]
Tag: life insurance corporation of india
LIC reports lower profit in Q4; declares ₹1.50 per share dividend
[ad_1] India’s biggest insurer and largest domestic financial investor also announced a dividend of 1.50 rupees per share with a face value of 10 rupees each, it said in a […]
Indian rupee hits record low, market watches for RBI’s intervention
[ad_1] The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains in the U.S. currency alongside weakening in offshore markets, with […]
LIC Debut puts millions of small investors’ faith to test
[ad_1] Millions of Indians investing in the country’s biggest listing could turn sour on the equity market if the stock follows the poor performance of its state-run predecessors. Prime Minister […]
India raises ₹205.6 billion in LIC IPO priced at top of range, ₹949 a share
[ad_1] Life Insurance Corporation of India will offer at 949 rupees a share, the state-run firm said in a prospectus filed Friday. India raised 205.6 billion rupees ($2.7 billion) as […]
LIC IPO share allotment status: Know how and where to check online
[ad_1] Written by Manjiri Sachin Chitre | Edited by Chandrashekar Srinivasan After completion of six days bidding for the Initial Public Offering (IPO) of Life Insurance Corporation (LIC) of India […]
Daily brief: PM Modi’s decision to re-examine, reconsider sedition law, and all the latest news
[ad_1] Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times. Union minister explains why PM Modi decided to […]
LIC IPO is credit positive for India’s life insurance sector: Moody’s
[ad_1] Examining the impact of India’s state-owned Life Insurance Corporation’s IPO Moody’s Investors Service on Thursday said that the public issue is credit positive for India’s life insurance sector. LIC […]
LIC’s record IPO set to be fully sold as valuation drives demand
[ad_1] A 210 billion rupee ($2.7 billion) record share sale by state-run Life Insurance Corp. is poised to be fully taken up by investors four days before the offering closes […]
LIC IPO: Norway, Singapore wealth funds invest in India’s largest public offering
[ad_1] LIC’s IPO, which had previously been touted as India’s Aramco moment in reference to the $29.4 billion listing of Gulf oil giant Saudi Arabian Oil Co., is testing the […]
LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman
[ad_1] State-owned insurance behemoth LIC has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel. Along with the government, […]
LIC IPO price band set at ₹902-949 a share for ₹21,000 crore: Report
[ad_1] Life Insurance Corporation (LIC), an insurance giant, has fixed the price band at ₹902-949 per share for the ₹21,000 crore public offer (IPO) that may open on May 4, […]
LIC IPO date and 8 other things you should know
[ad_1] The Life Insurance Corporation‘s much-awaited IPO, or initial public offering, is expected to open on May 4, news agency ANI reported Tuesday morning. The Securities and Exchange Board of […]
LIC IPO to open on May 4, close on May 9: Report
[ad_1] The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch ₹21,000 crore to the exchequer. LIC IPO to open […]
LIC IPO news: Govt considers 7% stake sale for ₹50,000 crore – Report
[ad_1] The government is discussing selling as much as a 7% stake in LIC through the listing, according to the people, who asked not to be identified because the information […]