Life Insurance Industry News
A collection of Life Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Indian insurer LIC slips in historic stock market debut
Life Insurance Corporation garners $71bn valuation after government sells 3.5% of group Receive free Life Insurance Corp of India updates We'll send you a myFT Daily Digest email rounding up the latest Life Insurance Corp of India news every…
Pimco: navigating the end of the bond bull market
The California-based asset manager is trying to adapt to an era of rising interest rates and passive investing We'll send you a myFT Daily Digest email rounding up the latest Pimco news every morning. For many of the most seasoned professionals in…
LIC/India: biggest ever listing marks IPO peak
The dominance of the Mumbai-based group is now under threat Receive free Life Insurance Corp of India updates We'll send you a myFT Daily Digest email rounding up the latest Life Insurance Corp of India news every morning. India's largest ever…
LIC IPO Saga: A Disappointing Process from Start to Finish
A few days before it listed, tweets around the Life Insurance Corporation of India's initial public offering seemed to give the story away. Sample this: “Heard some people are praying that they shouldn't get allotment in LIC IPO!”…
LIC lists at 8.6 percent discount to issue price
State insurance giant Life Insurance Corporation of India (LIC) on Tuesday listed at an 8.6 percent discount to its issue price of Rs 949 at the BSE. The offering, which was the largest initial public offering (IPO) in India, of Rs 21,000 crore…
Life Insurance Corporation shares plunge on debut after record initial public offering
Life Insurance Corporation made a weak market debut on Tuesday after a record-breaking initial public offering last week that was oversubscribed nearly three times. The shares were listed at Rs 872 apiece on the National Stock Exchange, 9.4% lower…
FirstFT: China pledges to support tech companies after market rout
Plus, new details on Musk's Twitter takeover and US accused of undermining Taiwan defences Receive free Global Economy updates We'll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. Good morning. This…
Sensex Rallies 1,345 Points, Nifty Settles Above 16,250; LIC Shares Fall On Market Debut
Sensex and Nifty rose for the second straight session today. New Delhi: Indian equity benchmarks on Tuesday surged for the second consecutive session, led by gains in metal and energy stocks. The domestic indices rose sharply despite Life Insurance…
Sensex Rises Over 250 Points, Nifty Above 16,300; IT, Pharma Stocks Surge
Sensex and Nifty started on a higher note today. New Delhi: Indian equity benchmarks on Wednesday rose in opening deals led by gains in information technology and pharma stocks. Asian shares struggled to carry recent gains into a fourth straight…
It is a nightmare come true for India's largest ever IPO
India had pulled all stops to make the initial public offer (IPO) of the state-run giant Life Insurance Corporation of India (LIC) a success. Nothing seems to have worked. The company made a tepid debut on BSE today (May 17) at Rs867.2 ($11.2), a…
India's LIC Falls on Trading Debut After Landmark IPO
India's biggest life insurer stumbled on its trading debut after leaning on small investors to help it push through a record $2.7 billion IPO despite global market turbulence. The disappointing first-day performance for state-owned Life Insurance…
Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report
India weighs selling part of BPCL instead of full stake: Report India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the…
LIC, India's Biggest IPO: Lackluster Debut, Shares Close Over 8% Lower
LIC IPO: Turned into a lackluster debut, shares close over 8% lower Life Insurance Corporation of India's (LIC) widely anticipated listing turned lacklustre, with its shares losing over 8 per cent from its allotment price on its market debut.
Morning News: Read the Latest Morning News and Morning News Headlines on The Economic Times
The RBI on Tuesday evening said it found Chaitanya India Fin Credit to be unsuitable for an ‘on tap' banking licence. In total, the central bank rejected six applications of the 11 it received. The conglomerate will likely face stiff…
Futures Jump Amid Optimism China's Covid Lockdowns Are Ending
Another day, another dead cat-bouncing, bear market rally. After Monday's flattish session which saw tech names slump on fresh inflation fears, Nasdaq futures rebounded on Tuesday, setting up technology stocks for solid gains after a six-week rout…
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