LICI.NSE

Life Insurance Corporation of India

With an eye on fiscal strength, the government is targeting a significant ₹80,000 crore through disinvestment and asset monetisation by the end of FY27. Major transactions like the sale of IDBI Bank and Life Insurance Corporation of India are expected to play pivotal roles in achieving this goal. This strategic move illustrates an ongoing commitment to monetising public assets.

MUMBAI: The National Stock Exchange of India, the country’s largest bourse, received regulatory approval on Friday to proceed with its long-awaited initial public offering, the NSE said. “With SEBI’s approval, we embark on a new chapter of value creation for all our stakeholders,” NSE Chair Srinivas Injeti said in a statement. “This approval also reinforces confidence in NSE being an integral part of the Indian economy and a beacon of Indian capital markets.” The Securities and Exchange Board of India did not immediately respond to requests for comment. The world’s most active derivatives exchange has been embroiled in litigation with the regulator since 2019, when it was fined 11 billion rupees ($120 million) for failing to provide equitable access to all its trading members. Indian benchmark shares log biggest monthly loss in 11 ahead of annual budget Mumbai-based NSE had offered to pay SEBI 13.88 billion rupees to settle the dispute so it could proceed with the IPO, Reuters reported last year, citing sources.

MUMBAI: State Bank of India’s mutual fund unit has committed to pick up at least 10% of Adani Power’s nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday. The mutual fund, India’s biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media. The planned 75 billion Indian rupee issue would be the group’s largest-ever Indian rupee bond sale. SBI Mutual Fund and Adani Power did not respond to email queries. Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note. SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said. India’s Adani Group flagship firm to launch public bond issue next week, bankers say The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.

New Delhi: Life Insurance Corporation of India (LIC) has invested the maximum amount of Rs 88,404 crore in the Tata Group, followed by an infusion of Rs 80,843 crore in HDFC Bank and Rs 60,065.56 crore in Reliance Group, Parliament was informed Tuesday. Adani Group attracted an investment of Rs 47,633.78 crore, while SBI attracted Rs 46,621.76 crore from LIC, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. He said there are 35 domestic companies or groups in which LIC has invested more than Rs 5,000 crore each, aggregating to Rs 7.87 lakh crore. The minister shared a list of business groups in which the combined exposure of LIC exceeds Rs 5,000 crore. The list includes L&T, Uniliver, IDBI Bank, M&M, and Aditya Birla. LIC has an exposure of Rs 3.23 lakh crore in these top five groups as against an aggregate of Rs 7.87 lakh crore in 35 companies. He further said that LIC has a board-approved investment policy, which acts as an umbrella framework for any investment carried out by the investment department of the insurance company.

Mumbai: The Life Insurance Corporation of India (LIC), the country’s largest life insurer, has entered into a strategic bancassurance partnership with Yes Bank, India’s sixth largest private sector...

There is presently no proposal on merger or consolidation of state-owned banks before the government, Parliament was informed on Monday. "Presently, no proposal on merger or consolidation of Public Sector Banks (PSBs) is under consideration of the Government," Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. Replying to another question, he said, the Foreign Direct Investment (FDI) limit in PSBs and private sector banks is 20 per cent and 74 per cent, respectively, as per the extant guidelines/ Foreign Exchange Management (Non-Debt Instruments) Rules 2019. "FDI is considered as a major source of non-debt financial resource for the economic development, leading to long-term sustainable capital in the economy and contributes towards technology transfer, development of strategic sectors, greater innovation, competition and employment creation and supplement domestic capital, technology and skills for accelerated economic growth and development," he said.

From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Hindustan Unilever were the gainers, while Bharti Airtel, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) faced erosion from their valuation. Reliance Industries added Rs 28,282.86 crore, taking its market valuation to Rs 21,20,335.47 crore.

India’s equity benchmarks are likely to open little changed on Friday, wrapping up a week that saw mild losses, as profit-taking could offset the impact of an improving corporate earnings outlook and expectations of progress in India–U.S. trade talks. Gift Nifty futures were trading at 25,498.5 points as of 8:05 a.m. IST, indicating that the Nifty 50 will open near Thursday’s close of 25,509.7. Both the Nifty and the Sensex have lost about 0.8% so far this week, cooling off after a 4.5% rise in October. Other Asian markets fell on the day, tracking a decline in Wall Street overnight, dragged by a sell-off in artificial intelligence-related stocks amid mounting economic uncertainty due to the ongoing U.S. government shutdown. Indian equities are seeing profit-taking amid persistent foreign outflows, two analysts said. Foreign portfolio investors net sold shares for a sixth session on Thursday, offloading shares worth 32.63 billion rupees ($371.24 million) while domestic institutional investors net bought shares worth 52.84 billion rupees.

Life Insurance Corp (LIC), one of the two state companies on India’s top-10 market-cap leader-board, reported a 31% on-year rise in consolidated net profit to ₹10,098 crore in the September quarter, paced by core business growth and higher margins that helped offset a rather circumspect period for the equity markets.Premium growth at the insurance major was hit early September, with individuals putting off purchases until the GST benefits kicked in from September 22. In the year-ago quarter, the insurance major reported a profit of ₹7,728 crore.“From the date of announcement until the date it kicked off, there was a complete withholding of purchases by customers in anticipation of the exemption. The last eight days were not adequate to compensate for the business that could not be completed,” said R Doraiswamy, MD and CEO, LIC.125147409To be sure, LIC is among the biggest domestic institutional investors in the country’s stock markets and listed government entities, and investment gains often help the in-surer boost its bottomline.For the first half of FY26, LIC’s profit after tax stood at ₹21,040 crore, up 16% from ₹18,082 crore in the same period last year.