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SEBI Bans 9 Entities From Market For Generating Illegal Gains Of Rs 21.16 Crore
Markets regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of Rs 21.16 crore.
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Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots
Star Health has been directed by the court to help Telegram identify data leaked via its messaging app so the chatbots can be deleted. Telegram said it was unable to search for leaks on its own but agreed to delete the data if the insurer helped.
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LIC Becomes 5th Most-Valued Indian Firm, Reliance Tops List
State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.
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Indian-American Guilty Of 11 Counts Of Defrauding Public Health Insurance Plans Of $4 Million
Kaival Patel created and operated a company called ABC Healthy Living LLC to market compound prescription medications.
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LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
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ICICI Lombard Insurance Gets Rs 273 Crore GST Demand Notice
ICICI Lombard General Insurance has received a Rs 273.44 crore-tax demand notice from the Directorate General of GST Intelligence with regard to settled motor insurance claims.
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LIC Q4 Net Profit Rises Five-Fold To Rs 13,191 Crore
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023.
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Market Value Of LIC Investment In Adani Stocks Hits Rs 44,670 Crore
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose this week.
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Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
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LIC Front Running Case: SEBI Bans 5 Entities From Securities Market
Sebi on Thursday barred five entities, including an employee of Life Insurance Corporation of India (LIC), from the securities market and impounded illegal gains of Rs 2.44 crore made by them, in a case pertaining to front-running the trades of the state-owned insurer.
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India's $1 Trillion Bond Market Sees Rising Heft Of Insurers
India's yield curve has flattened markedly as the insurers and pension funds snapped up 10-to-40 year debt, with HDFC Life Insurance Ltd. saying that market participants are asking the central bank to sell more longer-dated bonds.
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Siddhartha Mohanty Shortlisted For LIC Chairman, Centre To Take A Call
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Thursday selected Siddhartha Mohanty to head insurance behemoth LIC.
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LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
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Centre Unlikely To Withdraw Tax Plan On High-Value Life Insurance: Report
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal.
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Will Meet Adani Group Top Management Soon, Says LIC Chairman
LIC chairman M R Kumar on Thursday said the officials of the public sector insurer will soon meet top management of the Adani Group and seek clarification on the crisis being faced by the diversified conglomerate.
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SEBI Bans 9 Entities From Market For Generating Illegal Gains Of Rs 21.16 Crore
Markets regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of Rs 21.16 crore.
-
Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots
Star Health has been directed by the court to help Telegram identify data leaked via its messaging app so the chatbots can be deleted. Telegram said it was unable to search for leaks on its own but agreed to delete the data if the insurer helped.
-
LIC Becomes 5th Most-Valued Indian Firm, Reliance Tops List
State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country.
-
Indian-American Guilty Of 11 Counts Of Defrauding Public Health Insurance Plans Of $4 Million
Kaival Patel created and operated a company called ABC Healthy Living LLC to market compound prescription medications.
-
LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
-
ICICI Lombard Insurance Gets Rs 273 Crore GST Demand Notice
ICICI Lombard General Insurance has received a Rs 273.44 crore-tax demand notice from the Directorate General of GST Intelligence with regard to settled motor insurance claims.
-
LIC Q4 Net Profit Rises Five-Fold To Rs 13,191 Crore
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023.
-
Market Value Of LIC Investment In Adani Stocks Hits Rs 44,670 Crore
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose this week.
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Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
LIC Front Running Case: SEBI Bans 5 Entities From Securities Market
Sebi on Thursday barred five entities, including an employee of Life Insurance Corporation of India (LIC), from the securities market and impounded illegal gains of Rs 2.44 crore made by them, in a case pertaining to front-running the trades of the state-owned insurer.
-
India's $1 Trillion Bond Market Sees Rising Heft Of Insurers
India's yield curve has flattened markedly as the insurers and pension funds snapped up 10-to-40 year debt, with HDFC Life Insurance Ltd. saying that market participants are asking the central bank to sell more longer-dated bonds.
-
Siddhartha Mohanty Shortlisted For LIC Chairman, Centre To Take A Call
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Thursday selected Siddhartha Mohanty to head insurance behemoth LIC.
-
LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
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Centre Unlikely To Withdraw Tax Plan On High-Value Life Insurance: Report
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal.
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Will Meet Adani Group Top Management Soon, Says LIC Chairman
LIC chairman M R Kumar on Thursday said the officials of the public sector insurer will soon meet top management of the Adani Group and seek clarification on the crisis being faced by the diversified conglomerate.
