LIC ropes in Infosys to create new platform for digital insurance solutions
Infosys will provide LIC with "turnkey system integration services" using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt
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In The Global League
India has recently overtaken the U.K. and South Korea to become one of the top five countries with the largest corporations in the world.
LIC shares up 3% on strong Q1 performance
State-owned life insurance company increases its market share to 64.02% in Q1 FY25, premium in the quarter surges 15.66%
SEBI confirms involvement of LIC employee in front-running case
LIC says it has placed robust controlling mechanisms along with best practices to prevent any kind of front running
LIC to acquire 9.99% stake in HDFC Bank
LIC has been advised by the RBI to acquire 9.99% shareholding in HDFC bank by January 24, 2025.
LIC receives another tax demand worth ₹116 cr
Warangal authorities' notice follows tax demands worth ₹989 cr issued against insurer earlier.
LIC slapped with ₹805 cr tax notice; shares down
LIC served GST notice 2nd time in more than a month after ₹183-cr tax demand from Telangana
LIC receives GST demand of ₹183 cr; stock falls
LIC in a statement said that it has received a Goods and Service Tax (GST) notice of approximately ₹183 crore from the Telangana government.
LIC shares jump 5% on ₹9,544 crore Q1 profit
Net investment income surges 29.8% year-on-year to ₹90,309 crore in Q1 FY24.
LIC is making 45% profit on Adani investment
LIC has invested ₹31,200 crore in Adani Group companies that have touched ₹45,481 crore or 45% above the cost price by May 23
