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LIC’s debt exposure in Adani group cos dips marginally to Rs 6,183 cr as of March 5

LIC’s debt exposure in Adani group cos dips marginally to Rs 6,183 cr as of March 5

by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, Indian News, Life

LIC’s exposure in Adani Power (Mundra) was Rs 266 crore, Adani Power Maharashtra Ltd – Phase I (Rs 81.60 crore), Adani Power Maharashtra Ltd – Phase III (Rs 254.87 crore), Raigarh Energy Generation Ltd (Rs 45 crore) and Raipur Energen Ltd (Rs 145.67...
Siddarth Mohanty appointed as acting chairman of LIC

Siddarth Mohanty appointed as acting chairman of LIC

by AIP Online Bureau | Mar 11, 2023 | Indian News, Life

Siddhartha Mohanty, managing director, Life Insurance Corporation Mohanty is presently the senior most managing director of the country’s largest insurance company Recently, the Financial Services Institution Bureau (FSIB), has selected M Jagannath and Tablesh Pandey...
LIC recoups losses as Adani Group shares rise

LIC recoups losses as Adani Group shares rise

by AIP Online Bureau | Mar 4, 2023 | Indian News, Life, Wealth Management/ Philanthropy

The value of LIC’s shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday’s closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges Mumbai: State-owned Life Insurance...
MR Kumar may get another 3-month extension as LIC chairman till June end

MR Kumar may get another 3-month extension as LIC chairman till June end

by AIP Online Bureau | Feb 16, 2023 | Indian News, Life

M.R Kumar, chairman, Life Insurance Corporation The government is actively thinking about giving the last extension to Kumar as it is yet to finalise about his successor Though, there were some talks earlier that the government may go for a  private sector...
LIC’s net profit jumps manifold to Rs 6,334.2 crore in December quarter

LIC’s net profit jumps manifold to Rs 6,334.2 crore in December quarter

by AIP Online Bureau | Feb 9, 2023 | Indian News, Life

“We continue to remain focussed on creating a portfolio mix to optimise value for all stakeholders, and in that context, increasing the proportion of Non-par business in a consistent and profitable manner,” said M R Kumar, chairperson, LIC Mumbai: Public...
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