LIC of India

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Goldman Sachs, Citi, 8 others make the cut for LIC share sale mandate

Goldman Sachs, Citigroup, JPMorgan, Kotak Mahindra Capital and SBI Capital are among 10 investment banks who will manage the mega public listing of state-run Life Insurance Corp. of India, said two people aware of the development.Others who will handle India’s largest-ever initial public offering are Bank of America, Nomura, Axis Capital, JM Financial, ICICI Securities.The […]

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State-run lenders depend on LIC to meet funding goals

Even as state-run banks increasingly rely on equity markets for capital as government funds dry up, a closer look at the fundraising numbers shows Life Insurance Corp. of India (LIC), the state-owned behemoth, continues to be their biggest backer.LIC has bought nearly a fourth of the ₹7,800 crore raised by five state-run banks by selling […]

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IDBI Bank: How much can a buyer initially hold in IDBI, Centre to ask the Reserve Bank

The government will ask the Reserve Bank of India (RBI) about the maximum holding a prospective buyer may be allowed in IDBI Bank initially and the post-acquisition glide path to reduce the stake in line with banking sector norms. Formal discussions will shortly be initiated with the banking regulator to get information on these matters, […]

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Employees urged to oppose privatisation of LIC

Vijayawada: Life Insurance Corporation of India Employees South Central Zone secretary TVNS Ravindranath appealed to employees of the company to continue the struggle to safeguard the corporation from the privatisation. He said the employees should oppose the privatisation policies of the Union government and urged them to take the help of people in their fight […]

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Business News | Stock and Share Market News

Business News | Stock and Share Market News

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Government sawing off the branch it’s sitting on

Why divest stake in LIC? The government says it is not privatisation, but only an Initial Public Offer of some stake. That was what Anurag Thakur, the then Minister of State for Finance and Corporate Affairs, unequivocally stated in Parliament sometime back. The Cabinet Committee on Economic Affairs has recently given its in-principal approval for […]

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LIC AAO/AE prelims admit cards 2021 released at licindia.in, direct link | Competitive Exams

LIC AAO/AE prelims admit cards 2021: Life Insurance Corporation of India (LIC) has released the admit card for the preliminary examination for the recruitment of Assistant Engineers (AE) and Assistant Administrative Officer (AAO) specialist posts. PUBLISHED ON AUG 18, 2021 08:45 PM IST LIC AAO/AE prelims admit cards 2021: Life Insurance Corporation of India (LIC) […]

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8 law firms in race to advise on sale of govt’s 45.48% stake in IDBI Bank

About eight law firms are in the race to advise the government in the strategic disinvestment of IDBI Bank. These law firms will make a presentation before the Inter-Ministerial Group (IMG) chaired by DIPAM Secretary on Wednesday, and one firm would be selected as the legal advisor. […]

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full form of LIC

LIC Full Form

Full form of LIC Full form of LIC is Life Insurance Corporation. In fact the complete name of the organization is life insurance corporation of India. SO people also call it LICI besides LIC and LIC of India. Introduction to LIC of India According to Wikipedia, Life Insurance Corporation of India (abbreviated as LIC) is […]

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LIC, EPFO keen to set up fund for startups

New Delhi: Life Insurance Corporation of India (LIC) and Employees’ Provident Fund Organisation (EPFO) have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday.Additional Secretary in the Department for Promotion for Industry and Internal Trade (DPIIT) Anil Agrawal said it was decided that a portal […]

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