T S Vijayan likely to be next insurance regulator
Former Life Insurance Corporation of India (LIC) chairman T S Vijayan is likely to become the next chairman of the Insurance Regulatory and Development Authority (IRDA). According to sources in…
LIC, pvt insurers to be governed at par on equity cap: IRDA
The IRDA (Insurance Regulatory and Development Authority) has made it clear that the Life Insurance Corporation of India (LIC) will be governed at par with any other insurers when it…
IRDA allows insurance for markets
In a move likely to give a fillip to the markets recently, as well as help meet the demands of the finance ministry to bolster the participation of insurance companies…
LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8000 cr
State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated…
FDI no threat to LIC, says chairman
Life Insurance Corporation (LIC) of India, country's largest insurance service provider, is not concerned about increased foreign direct investment (FDI) in insurance sector. LIC chairman D K Mehrotra said recently…
Axis Bank to raise Rs 6,000 crore from qualified institutional players recently
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs).
IRDA chief race opens up anew?
The race for the post of the chairman of Insurance Regulatory Development Authority (IRDA) may not be a done deal yet. The Central Vigilance Commission (CVC), it seems, is frowning at…
Investment, not protection motive behind life insurance
Life insurance has a sole motive of securing the financial goals of a family in case the bread earner fails to do so due to some unfortunate event. The life…
PSU general insurers mull expansion abroad
To tap the Indian diaspora, public sector general insurers are considering expanding their operations to other countries in the next financial year. Given the large number of Indians and Indian…
LIC sells Cipla shares, lowers stake to 6.21%
State-run Life Insurance Corporation has sold 2.12% stake in drug manufacturer Cipla through open market transactions over a period of nearly five months.