From Rs 77.30 to Rs 318.15 per share, the stock gave multibagger returns of over 300 per cent to its investors.
Bharat Heavy Electricals Limited (BHEL), a major supplier of locomotives and electrical components for Indian Railways, has partnered with HIMA Middle East FZE, a subsidiary of the world’s leading railway and process industry safety automation provider HIMA Paul Hildebrandt GmbH. This strategic alliance aims to…
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Category: LIC
LIC Stake Sale: BIG Update from Govt – Details
Updated May 3, 2024 | 03:12 PM ISTLIC Stake Sale: Indian government is likely to consider selling some stake in the the Life Corporation of India (LIC), during FY25. Government is likely to consider selling some stake in the LIC, during FY25, according to the ET Now sources.(Image: istock/ET Now News)LIC Stake Sale: The government is likely to offload its stake in the insurance behemoth Life Corporation of India (LIC). According to ET Now sources, the government is said to consider…
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Source: https://www.etnownews.com/markets/lic-stake-sale-big-update-from-govt-details-article-109810597/amp
Supreme Court Rejects LIC’s Challenge To Rajasthan’s Demand
The Supreme Court on April 30 dismissed the appeals filed by the Life Insurance Corporation (LIC) against the demand of stamp duty of approximately Rs 1.19 crores raised by the State of Rajasthan. The Court upheld the legislative competence of the State to levy stamp duty on insurance policies executed within the State subject to the rates determined by the Central legislation.The Bench comprising Justices PS Narasimha and Aravind Kumar observed that the power and jurisdiction of the State…
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FinMin notifies LIC’s 17% wage revision for over 1.10 lakh employees
The Finance Ministry has notified the wage revision of LIC employees with effect from August 1, 2022, bringing relief to over 1.1 lakh employees of the Corporation. The move would lead to 17 per cent annual increase in wage bill for LIC. This wage revision could see an annual implication of around ₹4,000 crore, taking LIC’s overall wage bill per year to about ₹29,000 crore.Also read: Nirmala Sitaraman recalls B S Raghavan’s sage adviceThis move of the Department of Financial…
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Saffron scoop | ‘Shehzada’, quota quotes, and LIC tagline: Modi of 2013 is back after 10 years
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It was August 15, 2013. It was clear that Gujarat chief minister Narendra Modi was going to be the National Democratic Alliance’s prime ministerial candidate. In June of that year, he was made the Bharatiya Janata Party’s campaign committee chairman, putting an end to speculation. He too started positioning…
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SBI cashier, LIC agent imprisoned to 4 years over demonetisation scam
An ex-head cashier of the State Bank Of India (SBI) and an LIC agent were sentenced to four years of imprisonment in a case pertaining to demonetisation by a trial court Special Judge for CBI Cases, Bangalore.
S. Gopalakrishna, then head cashier at SBI’s Dam Road Branch, Hospet,(Karnataka) and K.S. Raghavendra, the LIC Agent, were also fined a total of Rs.3,70,000 in a case related to demonetisation. During and after demonetisation, several instances of malfeasance…
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Cashier, LIC agent get four-year jail for transacting in demonetised currency
BENGALURU: Refusing to show leniency for the accused, in a case involving the issue of banker’s cheques by accepting the demonetised currency, the Special Court for CBI Cases sentenced the head cashier of a nationalised bank and a leading agent of LIC in Hosapete to four years simple imprisonment. S Gopalakrishna, head cashier of Dam Road Branch of State Bank of Mysore (SBM) in Hosapete and KS Raghavendra, an LIC agent, are the accused. Gopalakrishna allegedly issued 107 banker’s cheques…
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Traders Diary: Buy, sell or hold strategy on Bajaj Finance, HPCL, LIC, Oil India, L&T Tech, over a dozen other stocks today ,Stocks News, Business News
In this edition of Traders’ Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, April 26, 2024. Check out the complete list of stocks on analysts Varun Dubey and Ashish Chaturvedi’s radar.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGHere’s the complete list of investment and trading ideas for the day:
Varun Dubey’s
Buy Andhra Paper shares in the cash segment for a target price of Rs 146 with a stop loss at Rs 138
Sell…
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Cyber Fraudsters: Fraudsters Cheat Former Lic Employee Of 25 Lakh | Trichy News
Trichy: Cyber fraudsters posing as govt officials have cheated a 59-year-old man of 25 lakh by threatening to take action against him in a fake money laundering case.Trichy cybercrime police said the man, native of Trichy city, was a former employee of LIC in Thanjavur. On Apr 9, he received a call from an unknown man posing as a Telecom Regulatory Authority of India (TRAI) official. The fraudster alleged that the man had laundered 37 crore through his Canara Bank account and threatened that…
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LIC officer loses ₹25 lakh to impersonators
Impersonators claiming to be officers of the CBI and the Telecom Regulatory Authority of India have extorted ₹25.48 lakh from an Investigating Officer of the Life Insurance Corporation (LIC) of India. On April 9, a caller introduced himself as a TRAI officer and accused the LIC Investigating Officer of having indulged in money laundering by opening an account in a nationalised bank and told him that the CBI was set to investigate him. Soon, another caller contacted him claiming to be from…
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