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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...

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...
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