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Mumbai: Life Insurance Corporation of India has announced a LIC Executive Director appointment, elevating two senior officials to key leadership roles at its Central Office. The appointments became effective on April 6, 2026. Smt. Lata Madampath has taken charge as Executive Director (Personnel), while Mr. Gourab Chand assumed the role of Executive Director (Chief Life Insurance Advisor). The LIC Executive Director appointment brings experienced leadership to critical functions. Lata Madampath ...Read More >
The proposal to seek fresh bids for IDBI Bank came after senior officials met to weigh options. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The government plans to invite fresh bids for IDBI Bank's sale after low initial offers * Initial bids ranged between Rs 40,000-45,000 crore, below government expectations * Senior officials from DIPAM and DFS are reviewing options and next steps for bidding Did our AI summary help? Let us know. Switch To Beeps Mode The central gover ...Read More >
New Delhi: The government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said. "The IDBI Bank strategic sale is in the technical evaluation stage," a senior official told PTI. Also Read: Government likely to restart IDBI Bank privatisation process from scratch Amidst the West Asia crisis, the government is banking on disinvestment and asset monetisatio ...Read More >
New Delhi, Apr 7 (PTI) The government may ask for revised financial bids from two potential buyers of IDBI Bank as their original bid amounts were lower than the reserve price fixed for the strategic sale of the lender, sources said. "The IDBI Bank strategic sale is in the technical evaluation stage," a senior official told PTI. Amidst the West Asia crisis, the government is banking on disinvestment and asset monetisation to garner resources and create fiscal space for measures to shield the e ...Read More >
MUMBAI: India's banking, financial services and insurance sector, one of the most prolific advertisers in the country, delivered a split verdict on media in 2025. It spent less on television, held its nerve in print, turned up the volume on radio and deluged the internet with a ferocity that left every other medium looking pedestrian. The picture that emerges from TAM AdEx's cross-media report for the BFSI sector is of an industry in transition, still wedded to the news bulletin but increasingly ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
NEW DELHI: The Central Bureau of Investigation (CBI) has filed a fresh FIR against Anil Ambani and Reliance Communications, besides some yet-to-be-identified bank officials, on an LIC complaint alleging wrongful loss of Rs 3,750 crore.The case was registered on April 1 for offences of conspiracy, cheating, misappropriation and offences under the Prevention of Corruption Act."It has been alleged that the LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs 4,500 ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a fresh case against Reliance Communications Ltd, its promoter Anil Ambani, unknown public servants and others for allegedly causing a wrongful loss of Rs 3,750 crore to the Life Insurance Corporation of India. Officials said the case has been filed under charges of conspiracy, cheating, misappropriation and provisions of the Prevention of Corruption Act, based on a complaint from LIC. This is the fourth case registered agai ...Read More >
NEW DELHI: The Central Bureau of Investigation (CBI) has registered a yet another case against industrialist Anil Ambani of Reliance Communications Ltd and others based on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation of India Ltd, the agency said. The FIR names Reliance Communications, Ambani, the then non-executive chairman and unknown public servants, accusing them of criminal conspiracy, cheating, and criminal breach of trust. Ambani is facing multiple ...Read More >
Mumbai: The Central Bureau of Investigation (CBI) has registered a case on Wednesday against M/s. Reliance Communications Ltd, Anil Ambani, unknown public servants and unknown others on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation (LIC) of India. Case Filed on Complaint from LIC Regional Manager According to the CBI, the case has been registered on the basis of a complaint received from M.K. Tejan, regional manager, LIC of India Ltd. for offences of crim ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) on Wednesday registered a case against Reliance Communications (RCOM) Ltd, Anil Dhirajlal Ambani, unknown public servants and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, the central investigative agency said. According to CBI statement, the case has been registered on the basis of a complaint received from LIC of India for offences of conspiracy, cheating, misappropria ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
New Delhi, Apr 1 (PTI) The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said. The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they s ...Read More >
Mumbai: Central Bureau of Investigation has registered a case on 1st April, 2026 against M/s. Reliance Communications Ltd, Shri Anil Dhirajlal Ambani, Unknown Public Servants and Unknown others on allegations of causing wrongful loss of Rs. 3750 crores to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint dated received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation and offences under preventio ...Read More >
Indian cricketer Kuldeep Yadav will marry Vanshika on March 14, 2026, at a resort in Mussoorie, Uttarakhand, with BCCI officials and current and former Indian cricketers expected to attend the ceremony. The couple, both from Kanpur, have known each other since their early years in the city. They got engaged on June 4, 2025, at a hotel in Lucknow. Vanshika's father works at LIC. Pre-wedding festivities begin on March 13, with Haldi and Mehndi ceremonies bringing close family and friends togethe ...Read More >
New Delhi [India], December 18 (ANI): Parliament on Wednesday passed the 'Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025', with Finance Minister Nirmala Sitharaman assuring members that opening up the sector will attract new insurers, intermediaries and allied service providers, expanding the overall insurance ecosystem and creating net employment. The Rajya Sabha passed the bill after a reply from the Finance Minister. The Lok Sabha passed it on Tuesday. In her reply, Sithar ...Read More >
Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security. Union Finance Minister Nirmala Sitharaman on Tuesday introduced The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sab ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the ...Read More >
New Delhi, Dec 17 (PTI) Increasing the foreign direct investment limit to 100 per cent in the insurance sector will help expand coverage, create jobs and make life cover policies more affordable and accessible, said experts. They were commenting on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which was passed by the Parliament on Wednesday. The bill seeks to raise FDI (foreign direct investment) limit in the insurance sector from 74 per cent to 100 per cent. Terming th ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
New Delhi, Dec 17 (PTI) Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one ...Read More >
KSH International's Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook. The Rs 710-crore KSH International IPO witnessed modest investor interest on the first day of bidding, with the issue garnering only 15% subscription. The IPO received bids for 19.87 lakh shares against the total issue size of 1.36 crore shares. In the grey market, the IPO is currently trading at a zero premium ove ...Read More >
New Delhi, Dec 17 (PTI) Several non-ruling members in the Rajya Sabha on Wednesday opposed the bill to raise FDI in the insurance sector to 100 per cent and demanded that the proposed legislation be sent to a Parliamentary panel for further scrutiny. Participating in the debate on The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, moved for consideration and passage by Finance Minister Nirmala Sitharaman in the Upper House, members also objected to the title of the Bill, whic ...Read More >
New Delhi: Congress leader Sonia Gandhi flagged the challenges faced by ASHA and Anganwadi workers in the Rajya Sabha, demanding that they be given their remuneration on time, the amount given be doubled and the pending vacancies of nearly three lakh in ICDS be filled. Raising the issue during Zero Hour, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers implementing critical government programmes -- ASHA workers, Anganwadi workers and hel ...Read More >
New Delhi: Enhancing foreign direct investment limit to 100% will enable global insurance companies to inject substantial capital directly without waiting for domestic partners, Union finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday as the House passed the insurance bill seeking to remove FDI cap along with over a dozen key sectoral reforms. "If there's a need for growing protection through insurance in this country, we need to have insurance more accessible," she said while re ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday passed a bill that aims to strengthen policyholder protection, accelerate the growth of the insurance sector and raise the limit of FDI in the insurance sector from 74 per cent to 100 per cent. 'The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' seeks to amend key legislations, including the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority of Ind ...Read More >
New Delhi, Dec 16 (PTI) The Lok Sabha on Tuesday passed a bill to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047. Replying to a debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, in the Lower House, Finance Minister Nirmala Sitharaman said higher FDI will attract more players in the industry and make insurance policies more affordable. "Monopoly doesn't give us that advantage, and therefore, the more the competi ...Read More >
New Delhi [India], December 16 (ANI): The Lok Sabha on Tuesday took up for consideration a bill that seeks to accelerate the growth and development of the insurance sector, ensure better protection of policyholders and improve ease of doing business for insurance companies Moving the 'Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Bill, 2025' for passage in the House, Union Finance Minister Nirmala Sitharaman said the bill provides for improved regulatory oversight. "We want the regula ...Read More >
New Delhi: A bill seeking to raise FDI in the insurance sector to 100 per cent was on Tuesday introduced in the Lok Sabha amid strong protest from the Opposition. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999, as per the bill circulated to members of Parliament. Introducing the bill, Union Finance Minister Nirmala Sitharaman said the commo ...Read More >
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