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LIC says it has exposure of Rs 36,474.78 crore to Adani group

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Indian News, Life

”Our total holding in the Adani group companies under equity and debt a on date is Rs 36,474.78 crore. This was Rs 35,917.31 crore as of December 31, 2022. Total purchase value of these equities of the group companies, bought over the past many years, is Rs...
FSIB recommends M Jaggannath and Tablesh Pandya for 2 posts of LIC MDs

FSIB recommends M Jaggannath and Tablesh Pandya for 2 posts of LIC MDs

by AIP Online Bureau | Jan 30, 2023 | Indian News, Life

Jagannath, currently zonal manager, South Central Zone, LIC will be succeeding Raj Kumar who will be retiring tomorrow while Pandya will replace Vishnu Pattnaik who will be retiring in March end Year 2023 will see complete change of LIC’s top management, as starting...

LIC continues to bet big on Adani, remains in green despite share price rout

by AIP Online Bureau | Jan 29, 2023 | Indian News, Life

According to stock exchange information, LIC made a total investment of Rs 28,400 crore in Adani shares over the last few years. The value of these shares was Rs 72,200 crore before the report of the US short seller triggered a stock price crash over the last two...
FSIB to interview 6 sr LIC officials on Monday to select 2 MDs

FSIB to interview 6 sr LIC officials on Monday to select 2 MDs

by AIP Online Bureau | Jan 29, 2023 | Indian News, Life

Year 2023 will see complete change of LIC’s top management, as starting with Kumar, other three MDs, BC Pattanaik, Mini Ipe and Siddarth Mohanty along with MR Kumar,chairman will be retiring in next six months New Delhi: The Financial Services Institution Bureau...
LIC to consider doing health insurance biz after composite license is allowed: Chairman

LIC to consider doing health insurance biz after composite license is allowed: Chairman

by AIP Online Bureau | Jan 12, 2023 | Indian News, Life, Non-Life

(from L to R) G. Srinivasan, director, National Insurance Academy, Devesh Srivastava, CMD, GIC Re,MR Kumar,chairman, LIC, Parmod Kumar Arora, member (Actuary) IRDAI at the 24th Annual C D Deshmukh Memorial Seminar organised by NIA, Pune “We are watching the situation...
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