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LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
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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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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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Adani Row: Big Opposition Concession, But It Wants "PM's Reply" - 10 Facts
Both houses of the parliament were adjourned for the day amid loud protests and sloganeering from opposition parties demanding a discussion on alleged frauds in investment by public sector institutions like LIC and SBI, causing loss in market value.
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LIC Investors, Customers Need Not Worry Amid Adani Concerns: Official
Shareholders and customers of state-run Life Insurance Corp (LIC) should not be concerned about its exposure to Adani group, as the insurer is a diversified long-term investor in the market, a top government official told Reuters.
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"Storm In Teacup" For Macroeconomics: Top Official On Markets Turmoil
The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary TV Somanathan said on Friday, emphasing that India's public financial system is robust.
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Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
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LIC Says It Has Exposure Of Rs 36,474.78 Crore To Adani Group
Life Insurance Corporation (LIC) on Monday said it has an exposure of Rs 36,474.78 crore to Adani group's debt and equity, and the amount is less than one per cent of the national insurer's total investments.
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"Have Right To Ask Questions": LIC To Talk To Adani Over Hindenburg Report
India's Life Insurance Corporation (LIC) on Monday said it will talk to management of Adani Group within days after U.S. shortseller Hindenburg Research accused
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Adani Transmission Now 9th Most Valued Firm; LIC Slips Out Of The Top 10 Club
Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.
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Buy Idea, LIC Housing, Avoid Kaveri Seed: Manav Chopra
Manav Chopra, head technical analyst at Networth Stock Broking, says the Nifty has managed to find support at 7,850 and after some consolidation around 7,940-7,970, the index could take out 8,100-8,150 over next few weeks. He, however, adds that the markets are still in a medium-term downtrend.
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LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
-
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.
-
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.
-
Adani Row: Big Opposition Concession, But It Wants "PM's Reply" - 10 Facts
Both houses of the parliament were adjourned for the day amid loud protests and sloganeering from opposition parties demanding a discussion on alleged frauds in investment by public sector institutions like LIC and SBI, causing loss in market value.
-
LIC Investors, Customers Need Not Worry Amid Adani Concerns: Official
Shareholders and customers of state-run Life Insurance Corp (LIC) should not be concerned about its exposure to Adani group, as the insurer is a diversified long-term investor in the market, a top government official told Reuters.
-
"Storm In Teacup" For Macroeconomics: Top Official On Markets Turmoil
The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary TV Somanathan said on Friday, emphasing that India's public financial system is robust.
-
Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
-
LIC Says It Has Exposure Of Rs 36,474.78 Crore To Adani Group
Life Insurance Corporation (LIC) on Monday said it has an exposure of Rs 36,474.78 crore to Adani group's debt and equity, and the amount is less than one per cent of the national insurer's total investments.
-
"Have Right To Ask Questions": LIC To Talk To Adani Over Hindenburg Report
India's Life Insurance Corporation (LIC) on Monday said it will talk to management of Adani Group within days after U.S. shortseller Hindenburg Research accused
-
Adani Transmission Now 9th Most Valued Firm; LIC Slips Out Of The Top 10 Club
Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.
-
Buy Idea, LIC Housing, Avoid Kaveri Seed: Manav Chopra
Manav Chopra, head technical analyst at Networth Stock Broking, says the Nifty has managed to find support at 7,850 and after some consolidation around 7,940-7,970, the index could take out 8,100-8,150 over next few weeks. He, however, adds that the markets are still in a medium-term downtrend.
