As of June 30, 2017, LIC was holding 16.29 per cent stake in ITC.

Earlier this year, Irda had asked India's biggest life insurance company for a roadmap.

Irda is likely to say that stateowned LIC can maintain its stakes in about 40 entities.

IRDAI had sought a plan from LIC on time frame as well as on quantum of stake dilution.

Last month, 7 persons had filed a PIL in the Bombay HC against IRDAI, and five state-run insurance companies for investing in tobacco compa...

LIC also owns around 15 per cent in Axis Bank (14.49 per cent, again part of the Suuti holdings), Uco Bank (14.5 per cent), and IDBI Bank (...

The statistics shows every third tobacco user dies a premature death, it causes nearly half the cancer cases in India and 90% of mouth canc...

The value of the stakes of the government and its wholly owned arms in ITC, L&T and Axis Bank alone exceed Rs 1,80,000 crore.

The court asked the petitioners, the Tata Memorial Hospital doctors, to make ministry of commerce and industry, SEBI and ITC too parties to...

LIC was holding 16.26 per cent stake in ITC, as of March 31, 2017.

An independent board member had raised the issue of LIC investing in a tobacco company in 1997.

“We have taken approval from the regulator to buy an additional 5% stake in L&T from SUUTI,“ said an official from LIC. “We have not decide...

The insurer is keen on buying the stake of SUUTI, an organisation that the government carved out of the Unit Trust of India to save the mut...

All these stocks traded higher on Thursday, with ITC gaining 0.20 per cent, Axis Bank 0.55 per cent and L&T 0,70 per cent.

State-run insurance giant LIC purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies.

Life Insurance Corp (LIC) has offered to buy out the erstwhile Unit Trust of India's stakes in ITC, Axis Bank and Larsen & Toubro (L&T).

In a move that will enable LIC to retain its stake in blue chips like ITC, Ranbaxy, L&T, ACC, Reliance Infra and Cipla, the insurance regul...