National Corp Insurance

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  Government May Name Advisers For $1.6 Billion Stake Sale In Insurers Soon

  In its budget published on Wednesday, the Indian government said it would sell unspecified stakes in New India Assurance Co Ltd, United India Insurance Co Ltd, Oriental Insurance Co Ltd, National Insurance Co Ltd, and reinsurer General Insurance Corp of India in the financial year starting in April.

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  For Uttar Pradesh Farmers Battered by Unseasonal Rain, A Crop Insurance That Offers No Relief

  Unseasonal rains, twice in two weeks, have wreaked havoc in lives of farmers in many parts of the country including Uttar Pradesh where 25 out of 80 districts have been affected. To make matters worse the National Corp Insurance Programme or NCIP, which is meant to help the farmers, has been a non-starter.

• LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8,000 crore

  State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore.

• Top 10 stocks to track in trade today

  Brokerage firm UBS says the AB Nuvo & Warburg deals lead to 18% upside for Pantaloon in FY13.

• Insurance firms agree to cover Iran oil purchase

  General Insurance and four other companies will provide a $50 million cover to ships carrying oil from Iran.

• Government eyes auctions to meet Rs 300 bn stake sale target

  Government is planning to kickstart stake sales in state-run companies in June through the auction of shares to meet a target of Rs 300 billion set for this fiscal year.

• NBCC fixes IPO price band at Rs 90-106/share

  National Buildings Construction Corporation has fixed a price band of Rs 90-106 for its intial share sale