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.
The Income Tax Appellate Tribunal had ruled in favour of LIC in both the cases pertaining to the assessment year 2013-14. While one of them involves an amount of Rs 1,838.8 crore, the disputed sum in the second case is Rs 3,153.9 crore.
Billed as the mother of all IPOs, the upcoming public offer of the Life Insurance Corporation (LIC) could prove crucial for the government’s efforts to meet the disinvestment targets. However, there seems to be no appetite for such mega issues as it comes amid challenging times with markets being volatile and foreign portfolio investors (FPIs) […]
New Delhi: The Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI. The insurer is looking to sell the Centre’s five per cent equity stake in the company via its upcoming IPO, the DRHP document said. The Centre aims to offload a total of 316 […]
Hyderabad: BC Patnaik took charge as Managing Director of Life Insurance Corporation of India. According to a press release, Patnaik was elevated to the rank of Managing Director, Life Insurance Corporation of India, on October 1. Earlier, he was working as the secretary general, Council for Insurance Ombudsman (CIO), Mumbai, prior to which he was […]