LIC Q3 FY25 results: Net profit rises 8.27% YoY to Rs 29,138 crore, AUM surges 10.29%
Individual Business APE grew 4.72% YoY to ₹24,612 crore, while Group Business APE increased 8.76% YoY to ₹13,363 crore.
Life Insurance Corporation Of India
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Siddhartha Mohanty: MD of LIC given 3 month charge as Chairman
LIC Chairperson for the next three months will be Siddharth Mohanty, will take over the position on March 14.
Adani Transmission and Bajaj Finance push LIC out of the top 10 most valuable companies list
With a market cap of Rs 4.4 trillion each, Bajaj Finance and Adani Transmission have displaced LIC on the list of the top 10 most valuable companies.
LIC shares in spotlight as stock trades ex-dividend today
The company's board of directors established August 26, 2022, as the record date for determining who is eligible for dividend payments.
Adani Power, Vodafone Idea, Indigo, and others are among stocks to keep an eye on
As they release their June quarter profits today, Adani Total Gas, Adani Enterprise, Britannia Industries, Berger Paints, Dabur India, and BEML will be scrutinised.
In a first, LIC joins the Fortune 500 List; RIL advances 51 places, with SBI the only banker
Nine Indian enterprises in all have made the list, of which five are state-owned and four are private businesses.
LIC shares hit low of 3.2% with end of anchor investor period
LIC Shares record a low price on the Bombay Stock Exchange and on National Stock Exchange on Monday, marking the end of the anchor investors' holdings by the end of the day
LIC appoints Sunil Agarwal of Reliance Nippon Life Insurance as CFO
Sunil Agarwal was the CFO of Reliance Nippon Life Insurance for 12 years. Before that, he has worked with ICICI Prudential Life Insurance for 5 years.
Cabinet likely to accept proposal to permit FDI in LIC tomorrow: Report
The decision is anticipated at the conference of the Union Cabinet and the Cabinet Committee on Economic Affairs (CCEA), which is slated for tomorrow, according to reports.
LIC IPO can disturb market balance: Jefferies
The insurance behemoth has arranged a draft paper for its share deal with the market control. The market is anticipating authorization soon and public bidding will likely start by mid-March
Government to invite investment in IDBI Bank: Reports
If the report is to believed, it is possible that government and Life Insurance Corporation of India can sell their whole stake in the lender
LIC’s mega IPO value can secure stock’s entry into Nifty50 & other indices: UBS
“LIC would be the third-largest stock in India by market cap, and the 32nd-largest by free float, assuring an entry into mainstream indices, e.g., Nifty-50," asserted a report by UBS Global Research
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