Mumbai, March 1 (IANS) The market capitalisation of Tata Consultancy Services (TCS) dropped by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore, as equity markets remained under pressure.Overall, nine of the top-10 most valued companies together lost Rs 2,18,902.09 crore in market valuation during the week — reflecting a bearish trend in the stock market.The BSE benchmark index declined sharply by 1,527.52 points, or 1.84 per cent, over the same period.Acc…
Latest LIC News & Updates
New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi, replying to the Motion of Thanks to President’s rule in Rajya Sabha on Thursday, contrasted the drastic change brought in key sectors, including banking, NPAs, Public Sector Enterprises (PSUs), driven by the reforms undertaken by his government. Reiterating the NDA government’s resolve to “reform, perform and transform”, PM Modi said that a slew of reforms were initiated after 2014, and this resulted in flourishing growth in various secto…
Mumbai, Feb 5 (IANS) Life Insurance Corporation of India (LIC) reported a consolidated net profit of Rs 12,930 crore for Q3 FY26, marking a 17 per cent year-on-year increase from the Rs 11,008.65 crore net profit reported in Q3 FY25.The insurer’s net premium income, meanwhile, rose to Rs 1,25,988.15 crore during the third quarter of FY 26.The standalone net profit for the nine months ended December 31, 2025, was Rs 33,998 crore as compared to Rs 29,138 crore for the nine months ended December 31…
New Delhi, Jan 27 (IANS) Bank employees across the country went on strike on Tuesday to protest for their demands, including the immediate implementation of a five-day work week in the sector, leading to widespread disruption of banking services, including cash deposits, withdrawals, cheque clearances and other routine transactions. The nationwide strike was called by the United Forum of Bank Unions (UFBU).In Gujarat’s Vadodara, employees of nationalised banks joined the strike in large numbers….
New Delhi, Jan 19 (IANS) India’s economy will expand 7.3 per cent in the current fiscal year and stronger growth will boost household incomes and support rising demand for insurance, a report said on Monday.The report from global Credit rating agency Moody’s Ratings said India’s insurance sector is set to see a shift from current weak profitability due to sustained premium growth on the back of robust economic expansion, increased digitisation, tax changes.”We expect India’s economy to grow …
Mumbai, Jan 17 (IANS) The Secretary of the Department of Financial Services (DFS), M. Nagaraju, on Saturday said that LIC has transformed into a tech-enabled and capital-efficient financial powerhouse, remaining one of the most trusted brands in Indian households. Speaking at LIC’s Strategy Meet here, the Secretary highlighted the company’s historic transformation from a traditional brick-and-mortar insurer into a digitally driven, value-focused organisation.“LIC has transformed into a tec…
Ahmedabad, Jan 8 (IANS) The Enforcement Directorate (ED) has provisionally attached a resort and other properties valued at around Rs 4.92 crore of a former field supervisor of the Gujarat Land Development Corporation in Gujarat’s Anand district, in connection with allegations of possessing illegal assets, an official said on Thursday. The ED’s Ahmedabad Zonal Office said that it has provisionally attached properties to the tune of Rs 4.92 crore of Dhirubhai Bababhai Sharma under the provisions …
New Delhi, Dec 26 (IANS) The Life Insurance Corporation of India (LIC) on Friday announced collaboration with Sahaj Insurance Services Private Limited to strengthen insurance penetration across rural and semi urban areas of the country.Under the collaboration, Kanoria Foundation company Sahaj’s assisted digital service network will facilitate access to LIC’s life insurance products and services. This will help consumers to understand, manage and enroll in policies, particularly in areas wher…