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On January 22, 2024, the Life Insurance Corporation of India (LIC) launched Jeevan Dhara II, a novel annuity plan. This non-linked, non-participating, individual savings, deferred annuity scheme is designed by LIC to ensure a secure and guaranteed financial future for individuals.
The annuitant’s,…
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The shares of Life Insurance Corporation (LIC) of India rallied 1.9 percent on the Indian stock market on Tuesday, touching record high prices for the first time since the firm launched its initial public offering (IPO) two years ago. A man walks past a hoarding of Life Insurance Corporation of India (LIC) in Mumbai.(REUTERS file) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The investors of LIC had been facing a lull when it came to…
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Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.It’s taken almost two years but a 75% rally since late March has brought investors who purchased shares of Life Insurance Corp. of India in the nation’s biggest initial public offering close to recovering their investment.
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After a week of heavy selloff, HDFC Bank shares gained two percent to touch Rs 1,462 per share on January 29 on the back of Reserve Bank of India’s (RBI’s) nod to Life Insurance Corporation’s (LIC’s) request of additional stake buyout. RBI allowed LIC to buy up to a 9.99 percent stake in the private sector lender…
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It is evident that mutual funds augmented their holdings from 6.56 per cent to 6.97 per cent
It was a remarkable day of trading on Dalal Street, not merely due to the Nifty surging by 1.80 percent on Monday, but also owing to the extraordinary performance of the index heavyweight, Reliance Industries, which soared by over 7 per cent, marking its highest single-day gain in the past couple of years.
Commencing at Rs 2,729,…
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Mumbai: Life Insurance Corp may not be in any hurry to buy additional HDFC Bank stock from the market, people familiar with the matter said, despite the banking regulator allowing the insurer to up its ownership in the country’s most valued lender.While the HDFC Bank stock may be trading at decadal low valuations of about 2.1 times to book value, investors including LIC may be cautious in jumping to buy it, they said. To raise the stake by another 4.8% – the maximum the insurer is now…
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New Delhi: As per the approval, the public sector insurer must acquire a major shareholding in the HDFC Bank within one year. Additionally, the insurance giant must ensure the aggregate shareholding in the bank is not exceed up to 9.99% of the paid-up share capital or voting rights of the bank at any time.
As per the regulations illustrated by the central bank, any entity seeking to acquire a major holding, conventional aggregate shareholding of 5% or more of the paid-up share capital or…
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LIC Share Price Today : On the last day, the LIC stock opened at ₹877.3 and closed at ₹876.3. The stock reached a high of ₹920 and a low of ₹864.5 during the day. The market cap of LIC is currently ₹573,234.54 crore. The 52-week high for the stock is ₹919.45, while the 52-week low is ₹530.2. The BSE volume for LIC shares was 272,718.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
New Delhi, Jan 25 (IANS): The Reserve Bank of India (RBI) has accorded its approval to LIC for acquiring aggregate holding up to 9.99 per cent of the paid-up share capital or voting rights of HDFC Bank Limited.
The approval has been granted with reference to the application submitted by LIC to RBI.
The aforesaid approval granted by RBI is subject to the conditions mentioned therein,…
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Source: https://www.daijiworld.com/index.php/news/newsDisplay?newsID=1161846
Updated January 25th, 2024 at 15:00 ISTVignesh Shivan, who is awaiting the release of his next Love Insurance Corporation recently shared an update from the sets with cinematographer Ravi Varman.Republic Entertainment DeskVignesh Shivan and Ravi Varman on LIC sets | Image:Instagram/wikkiofficialDirector Vignesh Shivan is in the early stages of his upcoming film, LIC (Love Insurance Corporation). The movie features Pradeep Ranganathan in the lead role alongside Krithi Shetty and SJ Suryah in…
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