Thu, Nov 28, 2024
LIC shares gathered momentum amid news of likely foray in the health insurance space.
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Fri, Feb 09, 2024
Life Insurance Corporation of India (LIC) witnessed a remarkable surge of over 4% on February 9, following robust quarterly earnings for the period ending December 2023. The state-run insurer reported a 49% year-on-year increase in net profit to Rs 9,441 crore, with net premium income growing by 4.67% to Rs 1.17 lakh crore.
Thu, Feb 08, 2024
Life Insurance Corporation of India's shares rose by 8% on Feb 8, surpassing Rs 1,100 per share before their quarterly results. LIC's board will convene later today to review their December quarter earnings and interim dividend. With this surge, LIC's market capitalisation has exceeded Rs 7 lakh crore, making it India's most valuable state-run company, with State Bank of India following closely behind.
Wed, Jan 17, 2024
In a shift of positions, Life Insurance Corporation of India (LIC) has regained its status as the most valued listed public sector undertaking (PSU) by market capitalisation, surpassing State Bank of India (SBI). As of Jan 17, LIC reached a market cap of Rs 5.64 lakh crore, exceeding SBI's Rs 5.63 lakh crore.
Wed, Jan 10, 2024
LIC's market share improved, LIC's premium and market share increased. Market share increased by 0.12% in December. What is the target of Goldman Sachs on LIC? Know complete details in this video....
Thu, Jan 04, 2024
Life Insurance Corporation shares rose for a second day, gaining 1% despite receiving GST demands totaling Rs 667.5 crore from three states. LIC will appeal the demands related to alleged improper Input Tax Credit claims.
Fri, Dec 22, 2023
Big relief to LIC from the government - Relaxation in minimum shareholding rule, how much benefit to LIC shareholders? How will be the future growth of LIC? Know complete details from Varun Dubey...
Life Insurance Corporation of India (LIC) stock reaches a new 52-week high after the government grants a one-time exemption to achieve the 25% minimum public shareholding (MPS) requirement within 10 years. This exemption bolsters investor confidence, driving the stock price up over 5%. Learn more about this development and its potential impact on LIC's trajectory.
Tue, Mar 14, 2023
LIC has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore in December 2022 and Rs 6,182.64 crore on March 5, 2023. Of the total Rs 6,183 crore, LIC has an exposure of Rs 5,390 crore to APSEZ
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