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The CBI carried out searches at seven locations linked to former executives of Reliance Communications in an ongoing investigation into alleged banking frauds involving Reliance ADA Group companies. The probe, covering multiple cases, reportedly involves losses of over Rs 27,000 crore

The Central Bureau of Investigation conducted searches at multiple Mumbai locations linked to Reliance ADA Group firms over alleged ₹27,337 crore bank fraud. The probe covers Reliance Telecom and finance companies, with arrests already made and investigation monitored by the Supreme Court of India

Bank employees and officials in Mancherial held a rally demanding the implementation of a five-day work week, a long-pending request agreed upon by the union government in March 2024. Employees cited stress due to digitalisation, workload, target pressure, and staff shortage

Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu laid the foundation stone for offices of 15 public sector banks and insurance companies in Amaravati. The Rs 1,328-crore projects are expected to create 6,541 jobs and boost the capital’s development

LIC clarified that its investments in Adani group companies were made independently, following board-approved policies and detailed due diligence. The insurer denied any involvement of the government, emphasizing diversified investments across top Indian firms and robust fund management practices

Congress demanded Parliament’s Public Accounts Committee investigate LIC after a Washington Post report claimed it invested Rs 33,000 crore in Adani securities. LIC denied the allegations, calling them “false and baseless,” while the opposition accused the government of cronyism

S Appoorwa and D N Shivadas emerged champions in the LIC South Central Zonal carrom selection trials in Rajamahendravaram, defeating P Nirmala and B Ajay Kumar respectively in straight-game finals

As part of the Vigilance Awareness Week with the theme “Culture of Integrity for Nation’s Prosperity”, the Life Insurance Corporation of India (LIC), Hyderabad Zonal Office, organized a walkathon on Sunday in which nearly 450 employees and agents from all offices of Hyderabad and Secunderabad participated.

While the valuation of SBI jumps Rs 36,100.09 crore to Rs 7,32,755.93 crore, ICICI Bank adds Rs 25,775.58 crore to Rs 9,10,686.85 cr

The share opened at 1,159 each after India’s largest insurer reported a 9% year-on-year increase in net profit for the April-June period, alongside a 16% rise in net premium income. The company sold nearly 35 lakh policies in the individual segment during Q1 FY25, up from 32 lakh in the same period last year.

LIC's shares have surged nearly 80% in the past year, driven by strong operational performance and positive investor sentiment for PSU stocks.

In a recent development, Life Insurance Corporation (LIC) of India has successfully clinched the tender for semi-naming rights of a station within the Hyderabad Metro network.

The Board of Directors of Life Insurance Corporation of India (LIC) approved and adopted the standalone and consolidated financial results for the quarter and half year ended September 2023.

Life Insurance Corporation of India (LIC) has been sent a Goods and Services Tax demand of over Rs 290 crore, including interest and penalty, by Bihar state tax officials.

The dividend was approved by the shareholders in the annual general meeting held on August 22, it said.

Sebi on Thursday disposed of adjudication proceedings against state-owned LIC with respect to alleged violations of mutual fund norms.

When the Adani Group suddenly found the ground beneath it slipping away, India’s largest life insurer stood up for the group

Balabaktula Srihari won a silver medal in 110 metres hurdles and a gold medal in 400 metres hurdles at 4th National Masters Athletic Championship-2023

The national level meeting of various unions and associations of LIC officers, employees and agents scheduled to be held in Hyderabad on October 29, will announce an action plan for a nation-wide movement.

Mumbai: A whopping Rs 70,000 crore is lying with various banks, insurance companies, and mutual funds as unclaimed amounts by the depositors/legal heirs/nominees. In the case of banks, the unclaimed amount is over Rs 48,200 crore at the end of FY22, according to a Reserve Bank of India (RBI) report. The unclaimed deposits in the […]