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India Inc keen to take bite of AI, but RoI and security hold it from sinking teethIndian businesses are eager to adopt AI but face hurdles in scaling projects securely and profitably. Leaders emphasize that successful AI ...- Priority sector lending boosts inclusion, not always guarantee growth: EAC-PMIndia's priority sector lending has aided financial inclusion for decades. However, a recent report suggests that simply increasing directe...
- Court ruling pronounced in keenly-watched case of MCD staffer whose policy lapsed for no fault of his ownA consumer court has ordered LIC and MCD to pay Rs 4.8 lakh, plus Rs 60,000 for compensation and litigation expenses to the family of a dec...
- Lack of final loan ratings prevented LIC from buying DHFL papers in JanuaryThe rating company offered a provisional rating the would-be buyer – in this case, LIC – did not accept.
- Help IL&FS avoid more defaults, RBI tells two of its largest investorsWhile RBI met LIC and ORIX Corp officials, it cancelled a meet with other shareholders.
- RBI set to meet IL&FS shareholders todayLIC had assured the market that it will not allow the debtladen company to collapse.
- IL&FS Group stocks gain more on LIC supportShares of IL&FS group companies rallied up to 12 per cent on Tuesday.
- Will ensure IL&FS does not collapse, all options open, says LIC chairman"We will not allow contagion to spread from IL&FS,”LIC chairman VK Sharma said, adding that all options were open.
- Court rejects bail plea of Orbit Corp MD Pujit AggarwalPujit Aggarwal has been in custody since he was arrested by the Mumbai police in September 2016 following an FIR filed by Capri Global Capi...
- Mumbai Police EOW files interim charge sheet against Orbit Corp's Pujit AggarwalFollowing a default on loan repayment, LIC Housing Finance had put part of Orbit Corporation's projects including Orbit Residency on the bl...
- Mumbai Police arrests real estate developer Orbit Corp's MD & CEO Pujit AggarwalThe lender has invited bids under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest price of R...
- Homebuyers protest Orbit project auctionHomebuyers at real estate developer Orbit Corporation's project in Andheri suburb of Mumbai held a protest on Wednesday at the project site...
- LIC Housing Finance puts Orbit Corp’s Andheri project on block to recover duesLIC Housing Finance had taken possession of the property following the developer defaulting on loans worth 96 crore out of total dues of Rs...
- United Bank of India to raise Rs 300 crore by selling shares to LIC soonState-owned United Bank of India plans to raise Rs 300 crore by selling shares on preferential basis to Life Insurance Corporation (LIC) so...
- LIC warns of all options to recover dues from UnitechLIC has said real estate Unitech's Rs 200-crore loan account continues to remain sub-standard and it will pursue all options to recover the...
- Unitech says servicing LIC loan; to clear it by March-endUnitech has claimed that it has been regularly servicing the Rs 200-crore loan it had taken from LIC, though they will clear the dues by Ma...
- Unitech defaults on Rs 200-crore loan from LICUnitech had taken loans from both LIC and LIC Housing Finance in 2007 to develop properties in areas including Noida’s Sector 96 on the out...
- LIC Housing says no exposure to Unitech, denies notice reportsLIC Housing Finance today said it has no exposure to Unitech, whose shares plunged around 10 per cent following reports the lender had sent...
- LIC chosen as default NPS annuity service providerPFRDA chooses state-run LIC as the default annuity service provider for subscribers exiting from NPS and seeking withdrawal of accumulated ...
- Insurance claim cannot be rejected on employer's default: PanelLife insurance company cannot reject a claim filed by the family of a deceased, if his employer defaults in paying his policy's premium. Ke...
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