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LIC SEPARATE SUBSIDIARY
LIC looks to improve return from real estates, to explore option of separate subsidiaryIn the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it gener...- ITC starts sending dividend money to 36 lakh shareholders, Rs 1,800 crore payout for LIC aloneITC shareholders as of the record date of May 30 will get a final dividend of Rs 6.75 per share and a special dividend of Rs 9.75 per share...
- Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASRECThe Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASRE...
- LIC raises stake in HDFC Ltd to over 5%Earlier in April, HDFC Ltd decided to merge with its banking subsidiary HDFC Bank. Touted as the biggest transaction in India's corporate h...
- LIC seeks buyers for its Rs 3400 crore secured bonds issued to Reliance CapitalIDBI Capital Markets, the insurance company’s process adviser for the sale of bonds, has invited binding bids from asset reconstruction com...
- LIC seeks buyers for Rs 3,400 crore RCap bondsLIC, which raised Rs 20,560 crore in a public offer last month, had gross NPAs to the extent of 7.78%, or about Rs 35,130 crore, of its boo...
- Rel Capital resolution: Lenders hire KPMG India, L&L PartnersThe committee of creditors (CoC), which met last week, debated whether Reliance Capital be sold as a single unit or its subsidiaries be auc...
- Lenders of Reliance Capital appoint KPMG as process advisor, L&L Partners as their legal counselThe committee of creditors (CoC), which met last week, debated whether Reliance Capital be sold as a single unit or its subsidiaries be auc...
- LIC shuns MNC banks as custodiansFor years, Stockholding Corporation of India (SCIL), which is owned by various financial institutions including LIC, served as the custodia...
- No proposal to merge LIC Housing Finance with any other entity: LICThe statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking a...
- LIC may be nudged to set up body to guarantee bonds of infrastructure companiesUnder the proposed structure, LIC will hold a majority stake in the firm while the rest will be held by two or three large state-run banks ...
- Pay panel award may keep railway cost optimisation under stress: OfficialAccording to Mookherjee, the additional burden due to the Pay panel recommendations would be around Rs 30,000 crore per annum.
- LIC Nepal gears up to settle claims of earthquake victims"The claims will be settled as and when they are lodged. The company has got sufficient solvency margin to settle the claims," he added.
- LIC Housing Finance will meet bank licence norms: Sunita Sharma, MD & CEOLIC Housing Finance’s first woman MD & CEO, Sunita Sharma, is confident of the company meeting all of Reserve Bank of India’s criteria for ...
- Budget 2013: Banks to sell multiple insurance productsThe Union Budget has relaxed several rules making it easier for insurers to sell their products in interiors.
- Morgan Stanley, HSBC Global buy LIC Housing scrips for Rs 382 croreMorgan Stanley Asia (Singapore) Pte bought a total of 94.58 lakh shares of LIC Housing Finance, a subsidiary of life insurance giant LIC.
- FIs to meet next week on Grasim cement planThe Aditya Birla Group will examine two options of demerging its cement business from Grasim and transferring it to group company UltraTech...
- LIC halts distribution of NPS scheme, approaches IRDALife Insurance Corporation on Friday said it has halted distribution of the New Pension System to employees other than government staff fol...
- LIC first to set up pension fund companyThe new company has been promoted to manage the New Pension System (NPS) which will initially target government employees.
- Banks can run new pension plansBanks will have to float a separate subsidiaries as RBI has barred bank departments from pension mgt.
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