LIC refutes claims that it wants to acquire private health insurer 

LIC refutes claims that it wants to acquire private health insurer 

State-owned insurance giant Life Insurance Corporation (LIC) on Friday said it is not looking to enter the health insurance market by acquiring an entity. The company said that no formal proposal has been initiated in this regard. It further said that it would evaluate and explore various strategic opportunities in the ordinary course. “In this … Read more

10 stock ideas to hold until Union Budget 2025 from Chola Securities – Stock Ideas

10 stock ideas to hold until Union Budget 2025 from Chola Securities – Stock Ideas

With NDA coming into power, investors now feel more comfortable as they believe in the continuity of policies and structural reform framework. Ahead of the Union Budget 2024, dometic brokerage firm Chola Securities have made recommendations for the investors for a holding period till Union Budget 2025 as they foresee ever-rising tax and non-tax revenues … Read more

Expect LIC’s VNB margin to grow 2-3%, India embedded value to surge at least 10% in FY25: Siddhartha Mohanty

Expect LIC’s VNB margin to grow 2-3%,  India embedded value to surge at least 10% in FY25: Siddhartha Mohanty

Siddhartha Mohanty, Chairperson, LIC, says they have moved from Rs 5,82,000 crore to Rs 7,27,000 crore and there’s a very huge growth in our India embedded value. It comprises all their businesses as well as other factors which contribute to growth, so that growth rate will continue and the market should trust us. Mohanty expects … Read more

Finance Ministry notifies LIC’s 17% wage revision for employees from 2022: Report

Finance Ministry notifies LIC’s 17% wage revision for employees from 2022: Report

The Union Finance Ministry has recently notified the wage revision of LIC employees, which will benefit over 1.1 lakh employees in the state-run insurance company. The revision, which is about 17 per cent annual increase in the wages, with be applicable from August 1, 2022.  The wage revision would see an annual implication of around … Read more

LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore

LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore

India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has reduced ownership in at least 80 stocks, including 16 PSUs, in the March quarter with the market value of its portfolio surging to Rs 14 lakh crore. LIC was seen cutting stakes in BHEL, SAIL, Coal India, Oil India, Mahanagar Gas, MOIL, SBI, … Read more

Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more

F&O stocks to buy: M&M, LIC among top 9 trading ideas for 3 April 3, 2024

F&O stocks to buy: M&M, LIC among top 9 trading ideas for 3 April 3, 2024

Indian market is likely to consolidate on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.11% at 22577 levels on Tuesday. India VIX was down by 3.56% from 12.08 to 11.65 levels. On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,800 strikes … Read more

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more

Big movers on D-Street: What should investors do with LIC, Zomato and Bharti Airtel?

Big movers on D-Street: What should investors do with LIC, Zomato and Bharti Airtel?

Benchmark indices rebounded on Wednesday amid a largely firm trend in global equities. The 30-share Sensex rose 89.64 points to settle at 72,101 and the Nifty climbed 21.65 points to finish at 21,839. Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose … Read more

2 PSU insurance stocks zoom 14%. What’s the good news?

2 PSU insurance stocks zoom 14%. What’s the good news?

Shares of two PSU insurance companies – General Insurance Corporation of India and New India Assurance – rallied 14% each on Thursday to fresh peaks amid reports that the government may infuse capital into three state-owned insurers. Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while … Read more