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 share sale fetches Rs20,557 cr at Rs949 per share

16 May 2022

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

LIC’s bad-asset provisioning rose 30% to Rs23,760 cr in FY19

30 Dec 2019

Govt, LIC to share Rs9,250-cr capital Infusion in IDBI Bank

03 Sep 2019

IDBI Bank to become LIC IDBI Bank or LIC Bank

05 Feb 2019

LIC, Maharashtra government bid for Air India's Mumbai headquarters: report

04 Jan 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

LIC likely to take management control of debt-laden IDBI Bank

18 Jul 2018

LIC board approves proposal to acquire majority stake in IDBI Bank

16 Jul 2018

LIC to make open offer to IDBI Bank shareholders: report

11 Jul 2018

LIC may buy up to 51% stake in loss-hit IDBI Bank in 3-4 months

04 Jul 2018

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

4 states account for 60 per cent of LIC cancer policy sales

16 Apr 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

Govt to guarantee IRFC’s Rs5,000-cr bond issue to LIC

26 Mar 2018

LIC invests Rs44,000 cr in equity markets in April-Nov

06 Dec 2017

LIC cautions against use of SMS to link Aadhaar with policies

28 Nov 2017

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

ICICI Prudential to take over Sahara Life’s insurance business

29 Jul 2017

LIC’s profits from share market swell over 72% to Rs19,000 cr in FY17

17 May 2017