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The government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for a 60.72 per cent stake in IDBI Bank. The strategic sale resumed in July after earlier bids fell below the reserve price set by the government

Andhra Pradesh Chief Minister N Chandrababu Naidu said TTD will insure every devotee in partnership with LIC, offering Rs 2 lakh in case of death. He also announced plans for temples, electric buses, integrated hospitals, a skywalk and sustainable infrastructure in Tirupati

The RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank’s paid-up share capital or voting rights within one year. The approval is subject to regulatory conditions and does not mean LIC has immediately raised its stake

Shares of Life Insurance Corporation of India (LIC) rose 1% after the Reserve Bank of India (RBI) approved its proposal to raise stake in HDFC Bank up to 9.99%. LIC currently holds 4.11% of the bank’s share capital.

The Rythu Bima insurance scheme is reportedly facing difficulties due to unpaid premiums amounting to Rs 441.23 crore. With thousands of claims pending, former minister S Niranjan Reddy accused the Congress government of neglecting the scheme and demanded its continuation.

Congress questioned LIC's 10.8% stake in Rajesh Exports after SEBI alleged massive financial misrepresentation and fund diversion. Jairam Ramesh sought accountability, while SEBI barred promoter Rajesh Mehta from trading and ordered a fresh forensic audit into the company

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.