LIC Hikes Stake in Coforge to 5.033%; Macquarie Sees 60% Upside
By Malvika Gurung Investing.com -- The country’s largest insurance company Life Insurance Corporation Of India (NS:LIFI) has raised its shareholding in the IT company Coforge...
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LIC India News & Analysis
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Big Boys Club: M-Caps of TCS, Infy Spike Most, RIL’s Dives Rs 47,291 Crore
By Malvika Gurung Investing.com -- The domestic market closed the past week moderately high with benchmarks clocking 0.5% gains, aided by encouraging domestic and US inflation data,...
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With PPT slides and without report, 4 PSU general insurers are restructured: Unions
The four public sector government insurers -- The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance...
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IDBI Bank Hits 52-Wk High on Multiple EOIs for Govt, LIC Disinvestment
By Malvika Gurung Investing.com -- Shares of IDBI Bank (NS:IDBI) hit a new 52-week high of Rs 62 apiece on Monday as they zoomed 5% in early trade on reports that Emirates NBD and Fairfax...
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Big Boys Club Update: Infy, HDFC Bank M-Caps Erode Most, LIC, HUL Add Wealth
By Malvika Gurung Investing.com -- The domestic market closed the past week lower with benchmarks Nifty50 settling below the crucial 18,000 level and Sensex losing 1.5% in the period, led by...
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'Multiple Expressions of Interest received for IDBI Bank stake'
Chennai, Jan 7 (IANS) Several bids have been received for acquiring controlling stake in the IDBI Bank (NS:IDBI), said a top official in the Department of Investment and Public Asset...
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IDBI Bank Shares on SEBI’s Approval for Govt’s Holding Reclassification: Details
By Malvika Gurung Investing.com -- The markets regulator Securities and Exchange Board of India (SEBI) has given the Government of India approval for reclassifying its holding in the finance...
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2 Stocks to BUY now recommended by analysts for an upside of up to 39%
After having a volatile year in 2022 which was led by geopolitical tension, rising inflation, and a surge in covid, the Indian market is still holding its ground. The benchmark indices...
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NMDC Multiple Announcements: Iron Ore Price Revision, LIC Cuts Stake & More
By Malvika Gurung Investing.com -- Shares of the state-owned iron ore company NMDC Ltd (NS:NMDC) rose 2.5% on Monday and were trading 2% at the time of writing after a series of...
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'Against good faith standards': SC allows appeal against insurance company
New Delhi, Dec 28 (IANS) The Supreme Court has allowed an appeal against an insurance company, which issued a back-dated letter deferring the insurance process and later rejected the...
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Big Boys Club Update: M-Caps of All Stocks Erode, RIL’s Wealth Tanks Most
By Malvika Gurung Investing.com -- The domestic market closed the past week lower for the third time in a row amid downcast global cues including resurging Covid cases across countries,...
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Stocks Under Focus on Dec 20: Dabur, HDFC, NBCC, Sterling & Wilson & More
By Malvika Gurung Investing.com -- HDFC (NS:HDFC): The country’s largest mortgage lender has raised its retail prime lending rate by 35 bps to 8.65%, coming into effect from Tuesday. Dabur...
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News Flash: LIC Raises Stake in IRCTC to Over 7%, Buys 1.81 Crore Shares
By Malvika Gurung Investing.com -- The country’s largest insurer Life Insurance Corporation (NS:LIFI) of India has hiked its shareholding in the e-ticket booking platform Indian...
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UTI AMC Rallies 17%, Top Nifty 500 Gainer: Here’s Why
By Malvika Gurung Investing.com -- Shares of the mutual fund company UTI Asset Management Company (NS:UTIA) rallied 17.15% to Rs 903.55 apiece at the time of writing, after soaring nearly...
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LIC Hikes Shareholding in HDFC AMC to Over 9%: Details
By Malvika Gurung Investing.com -- The country’s largest insurance company Life Insurance Corporation Of India (NS:LIFI) has raised its shareholding in one of the largest mutual fund...
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Combination of factors behind LIC share price going up: Experts
Chennai, Dec 14 (IANS) A combination of factors like proposed regulatory changes, business performance, head honcho from private sector, higher profit booking and issue of bonus shares seems...
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No hiring in two PSU insurance companies for last few years
Chennai, Dec 14 (IANS) Two government owned general insurance companies -- National Insurance Company Ltd and Oriental Insurance Company Ltd -- have not recruited a single person for the...
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Reliance Industries tops charts on Wizikey Newsmaker Ranking
New Delhi, Dec 13 (IANS) Reliance Industries Ltd (NS:RELI), India's largest corporate by revenues, profits, and market value, topped the 2022 Wizikey Newsmaker report as India's...
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Cross selling, operational synergies exist with merger of 4 PSU general insurers with LIC
Chennai, Dec 13 (IANS) With the Central government proposing to allow composite insurers, there will be increased cross selling opportunities, operational expense synergies and...
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Send insurance amendment Bill to Parliamentary panel, says union
Chennai, Dec 6 (IANS) With the government announcing its intention to almost rewrite the insurance laws by proposing far-reaching amendments, the amendment Bill should be first sent to the...
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Key Stocks in Focus Today: HDFC, Tata Motors, Bajaj Consumer, Natco Pharma & More
By Malvika Gurung Investing.com -- Tata Motors (NS:TAMO): The domestic automaker is considering hiking its passenger vehicle prices from Jan 2023 so that its model range becomes compliant...
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Stocks in Focus on Nov 29: Lupin, BSE, NBCC, Can Fin Homes & More
By Malvika Gurung Investing.com -- Lupin (NS:LUPN): The drug major has signed a definitive agreement with its wholly-owned subsidiary in Brazil, MedQuímica for the acquisition of all...
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PSU Bank climbs 25.62% to reach a fresh 52-week high; here’s why.
The shares of Punjab National Bank (NS:PNBK) (PNB) climbed 9.44% on Friday’s early trades to reach a fresh 52-week high of ₹ 55.65. They took the winning run to the eighth straight...
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LIC Adds Shareholding in M&M Financial, Pares Stake in This Small-Cap Stock
By Malvika Gurung Investing.com -- The country’s largest insurance company Life Insurance Corporation Of India (NS:LIFI) has pared its shareholding in the leading graphite products...
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PSU bank stock jumps more than 17% to reach new 52-week high
The shares of UCO Bank (NS:UCBK) opened at Rs 15.85 on Monday and gained as much as 17 percent to reach its new 52-week high of Rs 18.65 in the early trading hours. In the past five...
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Gangbuster PSB profits not likely to set off divestment process: Experts
On November 7, Finance Minister Nirmala Sitharaman said 12 PSBs registered handsome net profits during Q2FY23 and also H1FY23. "The continuous efforts of our govt for reducing the NPAs &...
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Key Stocks in Focus: Bajaj Auto, Paytm, Nykaa, Gayatri Projects & More
By Malvika Gurung Investing.com -- Bajaj Auto (NS:BAJA): Insurance behemoth Life Insurance Corporation (NS:LIFI) of India has offloaded a 2% stake in the auto heavyweight, bringing its...
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Suspension of trading in a scrip a double whammy for minority shareholders
However, when it comes to non-compliance of rules and guidelines laid down by exchanges, action is taken against the listed entity which leads to suspension of trading on the exchange. Any...
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Largecap PSU stock gets a BUY call with a 38% upside; Do you own it?
The shares of the largest insurance company, Life Insurance Corporation (NS:LIFI) of India opened at Rs 665 on Tuesday. However, till the afternoon the stock declined by 1 percent to...
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'LIC drove industry's growth in Oct, performance of pvt players lacklustre'
Chennai, Nov 14 (IANS) Driven by the government-owned Life Insurance Corporation (NS:LIFI) of India, the life insurance industry in India logged decent performance in October 2022, said...
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Overview: LIC’s Blockbuster Q2 Impact on its Share Performance Today
By Malvika Gurung Investing.com -- Shares of the country’s largest insurance company Life Insurance Corporation Of India (NS:LIFI) zoomed 9% on Monday, clocking their highest single-day...
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Stocks Under Radar on Nov 14: LIC, Nykaa, Fortis Healthcare, BHEL & More
By Malvika Gurung Investing.com -- Life Insurance Corporation (NS:LIFI) of India: The national insurer’s net profit rallied a whopping 1,013.2% YoY to Rs 15,952 crore in Q2, while net...
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Accounting policy change boosts LIC, net up by Rs 14,271 cr to Rs 15,952 cr
Chennai, Nov 11 (IANS) Indian life insurance market leader Life Insurance Corporation (NS:LIFI) of India (LIC) closed Q2FY23 ending September 30 with a net profit of Rs 15,952.49...
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This State-Owned Lender Exits F&O Ban List on Nov 7, LIC Subsidiary Remains
By Malvika Gurung Investing.com -- One stock has been omitted from the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Nov 7, 2022, leaving only one stock on...
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Multibagger Adani Group stock reports strong Q2 results; Do you own it?
The shares of Adani (NS:APSE) Enterprise were trading in green till the afternoon on Friday at Rs 3,616 levels. In the past five days, the stock has gained approximately 9 percent. In the...
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Key Stocks in Focus: Adani Transmission, Dabur India, Manali Petrochem & More
By Malvika Gurung Investing.com -- Adani Transmission (NS:ADAI): The transmission major’s net profit declined 32.7% YoY to Rs 194 crore due to an adverse forex movement of Rs 138 crore...
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Leading LIC Subsidiary Stock Tanks 9% on Weak Q2 Show Despite Higher Profit
By Malvika Gurung Investing.com -- Shares of the country’s second-largest mortgage lender LIC Housing Finance (NS:LICH) plunged nearly 13% on Wednesday, hitting the day’s low at Rs 348.65...
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LIC’s Shares Surge on Reports of Plans to Pay Dividend, Issue Bonus Shares
By Malvika Gurung Investing.com -- Shares of the country’s largest insurance company Life Insurance Corporation Of India (NS:LIFI) surged 2.6% to Rs 608 apiece on Monday, following reports...
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Rekha Jhunjhunwala Adds Stake in This Tata Group Stock During Q2, LIC Pares
By Malvika Gurung Investing.com -- Rekha Jhunjhunwala, the wife of late Indian ace investor or ‘Big Bull’ Rakesh Jhunjhunwala, has picked up additional shares of the telecommunications...
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Top Mega-Cap Stocks in Focus: Infosys, Wipro, HCL Tech, PowerGrid & More
By Malvika Gurung Investing.com -- PowerGrid Corporation (NS:PGRD), Life Insurance Corporation (NS:LIFI) of India: The insurance behemoth has offloaded over 2% of its holding in the...
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Bank Stock Rises 10% as Government Invites Bids for Privatisation
The shares of IDBI Bank (NS:IDBI) shot up by 10% today as the government invited bids for the bank’s privatization. As of 12:20 IST, the shares of the private sector bank were...
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Key Stocks to Watch: TCS, IDBI Bank, HDFC, Star Health, Suzlon Energy & More
By Malvika Gurung Investing.com -- Tata Consultancy Services (NS:TCS): The IT behemoth will kick off the Q2FY23 earnings season by releasing its results on Monday. Power Grid Corporation...
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Key Stocks in Focus on Oct 4: Tata Steel, Adani Green, Vedanta & More
By Malvika Gurung Investing.com -- Vedanta (NS:VDAN): The mining company’s aluminium production at the Lanjigarh refinery fell 11% YoY to 4.54 lakh tonnes due to scheduled maintenance during...
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LIC Raises Stake in Pharma Heavyweight to 7.7%, Latter Up 2% in Weak Market
By Malvika Gurung Investing.com -- The state-owned insurance behemoth Life Insurance Corporation (NS:LIFI) of India has raised its shareholding in the pharmaceutical heavyweight Dr....
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4 Maharatna, 1 Miniratna PSUs & Other Key Govt-Owned Stocks in Focus Today
By Malvika Gurung Investing.com -- Bharat Petroleum (NS:BPCL): The insurance giant Life Insurance Corporation (NS:LIFI) has raised its shareholding in the ‘best performing’ Maharatna PSU...
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Oriental Insurance to fix employee KPIs after discussion with unions
Chennai, Sep 27 (IANS) The management of public sector non-life insurer The Oriental Insurance Company Ltd will discuss with the employee unions before fixing the new key performance...
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LIC Subsidiary Sells Entire Stake in JV Company For Over Rs 580 Crore
By Malvika Gurung Investing.com -- The banking company IDBI Bank (NS:IDBI) has informed of completing its entire stake sale in the joint venture Ageas Federal Life Insurance Company or...
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Small & Micro-Cap Stocks: Hatsun Agro, Albert David, Equitas Holdings & More
By Malvika Gurung Investing.com -- Century Enka (NS:CNTE): Behemoth insurer Life Insurance Corporation (NS:LIFI) of India has reduced its shareholding in the small-cap company to 3.49% by...
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PSU general insurers recommend 12% wage hike, unions dissatisfied
"The General Insurers' (Public Sector) Association of India (GIPSA) has informed the unions that it was not possible to match the 15 per cent wage hike percentage offered to Life Insurance ...
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