LIC
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.
LIC IPO subscribed 166% on day 4 as policyholders bid nearly 5 times the reserved portion
09 May 2022
LIC's proposed IPO, IDBI stake sale to fetch govt over Rs90,000 cr
03 Feb 2020
Reports say the government is likely to sell a minimum 10 per cent equity in LIC through the proposed initial public offer while also diluting government stake in IDBI Bank
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
LIC to buy 14.9% in IDBI Bank initially as deal hits legal hurdle
29 Aug 2018
While an insurance company is not allowed to buy more than 15 per cent in another financial institution, the government has given a one-time exemption to LIC to raise its stake in IDBI Bank to 51 per cent
Cabinet nod for LIC to buy 51% stake in ailing IDBI Bank
02 Aug 2018
Rubbishing talk of a negative impact of the deal on the Life Insurance Corporation, acting finance minister Piyush Goyal said the deal will help LIC get 2,000 bank branches of the bank to market its policies across country
IRDAI permits LIC to raise stake in IDBI Bank to 51%
30 Jun 2018
Irdai, which met in Hyderabad on Friday, approved LIC’s proposed investment as a special case due to IDBI Bank’s precarious financial state
Govt may dip into its LIC kitty again to bail out IDBI Bank
26 Jun 2018
Against non-performing assets of about Rs55,000 crore and stressed assets of nearly 60,000 crore, IDBI Bank had fixed assets worth Rs6,771 crore as of end March 2018
Centre may completely exit Air India, ask LIC to pick up stake
05 Apr 2018
Selling its residual stake in Air India, soon to be privatised, to state-owned Life Insurance Corp would help allay potential investors’ concerns about possible government interference in the airline’s operations
LIC gets nod to invest Rs1,50,000-cr into loss-making Railways
28 Nov 2017
Indian Railways’ market borrowings went up to 22 per cent of its earnings last year from an average of 8 per cent between 2010 and 2015, raising its net debt to Rs1,25,000 crore, even as its passenger traffic and freight earnings have continued to weaken
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