Lucknow, April 1 (IANS) The Central Bureau of Investigation (CBI) has arrested proclaimed offender Sameer Joshi in connection with a financial fraud case linked to the Life Insurance Corporation of India, officials said on Wednesday.According to officials, the CBI had registered the case on August 13, 2012, based on a complaint received from LIC, Lucknow, alleging large-scale misappropriation of funds by the accused through the preparation of forged cheques for fraudulent insurance policies.Inve…
Latest Life Insurance Corporation of India News & Updates
New Delhi, April 1 (IANS) The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India.The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention o…
New Delhi, March 25 (IANS) Life Insurance Corporation of India (LIC) on Wednesday said that it has received a massive tax demand from the Income Tax Department for the financial year 2021–22.In its disclosure in a regulatory filing, LIC said the Assessment Unit of the tax department has raised a demand of Rs 61,46,71,18,015 as income tax, along with an additional interest amount of Rs 9,53,25,87,935.The insurer clarified that it plans to challenge this order and will file an appeal before the …
New Delhi, March 25 (IANS) Life Insurance Corporation of India (LIC) on Wednesday said that it has received a massive tax demand from the Income Tax Department for the financial year 2021–22.In its disclosure in a regulatory filing, LIC said the Assessment Unit of the tax department has raised a demand of Rs 61,46,71,18,015 as income tax, along with an additional interest amount of Rs 9,53,25,87,935.The insurer clarified that it plans to challenge this order and will file an appeal before the …
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
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…
Mumbai, Feb 15 (IANS) The market valuation of Tata Consultancy Services (TCS) tumbled by Rs 90,198.92 crore to Rs 9,74,043.43 crore this week, emerging as the biggest laggard among India’s top companies amid a broader bearish trend in equities.The combined market capitalisation of six of the top 10 most valued firms declined by more than Rs 3 trillion during the week, as stock markets remained under pressure.The BSE benchmark index fell by 953.64 points, or 1.14 per cent — reflecting weak inv…
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 13 (IANS) The Centre said on Tuesday that the Department of Financial Services (DFS) with Public Sector Banks (PSBs) will unveil the Composite Salary Account Package for Central government employees on January 14.The initiative offers Central Government employees a unified account combining banking and insurance benefits, designed with banks to ensure broad coverage, consistency, and convenience for all cadres (Groups A, B, and C).“The Department of Financial Services with Publi…
Mumbai, Dec 28 (IANS) Bajaj Finance was among the major losers last week as the combined market valuation of seven of India’s top-10 most valued companies fell by Rs 35,439.36 crore amid a muted trend in equities during a holiday-shortened week.The market capitalisation of Bajaj Finance declined by Rs 5,102.43 crore, taking its total valuation to Rs 6,22,124.01 crore, according to official data.The broader market, however, showed limited gains, with the BSE benchmark index rising marginally by…