Life Insurance Corporation
LIC Shares Skyrocket by Almost 80% Over the Past Year
Shares of LIC quoted Rs 1,101 at a price that was last recorded at the counter on July 18, 2023, when the stock quoted Rs 620.
Market Capitalization Soars: LIC Leads as Top Firms Gain Rs 85,582 Crore
During the week, the BSE benchmark Sensex rose by 299.41 points or 0.39%, reaching a record high of 77,145.46 on June 13.
Survey Reveals Challenges Faced by Nearly 43% of Health Insurance Policyholders in Claim Processing Over Past 3 Years
This was overwhelmingly emphasized by 93 percent of the respondents from the study conducted by Localcircles. They pressed the onus on the need for the implementation of regulatory reforms. They suggested that Insurance companies should also be mandated to provide information about claims and policy cancellations on their websites every month.
LIC Receives RBI Approval to Acquire 9.99% Stake in HDFC Bank
The RBI has advised LIC to acquire the major shareholding in HDFC Bank within one year, specifically by January 24, 2025.
LIC Secures Income Tax Refund of Rs 25,464 on Interim Bonus
This refund is a resolution to the ongoing dispute between the Income Tax Department and LIC concerning the allowance of interim bonuses paid to policyholders by the corporation as deductible expenditure.
LIC Receives Rs 663 Crore GST Demand Notice
LIC stated in a regulatory filing that it received a communication detailing interest and penalty from the Office of the Commissioner of CGST & Central Excise, Chennai North Commissionerate, on January 1.
‘Allowing LIC time period of 10 years is a welcome step’
He said that the sale stake in LIC would have released a supply of around 40 crore shares of LIC in the market.
Advertisement