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New Delhi: A bill seeking to raise Foreign Direct Investment (FDI) in India's insurance sector to 100 percent was introduced in the Lok Sabha on Tuesday, sparking protests from opposition parties. The bill, titled Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, aims to amend the Insurance Act, 1938, LIC Act, 1956, and IRDAI Act, 1999. Union Finance Minister Nirmala Sitharaman said the government has always focused on providing insurance for common people, including marginal sec ...Read More >
New Delhi, Dec 16 (PTI) 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 ...Read More >
New Delhi [India], December 16 (ANI): Congress Parliamentary Party Chairperson Sonia Gandhi on Tuesday drew the attention of the Rajya Sabha to the ongoing distress faced by women workers implementing critical government programs, including ASHA workers, Anganwadi workers and helpers, and community resource persons under the National Rural Livelihood Mission. Speaking in the Rajya Sabha, Gandhi said, "I rise to draw the urgent attention of this House to the continued distress of women workers i ...Read More >
New Delhi [India], December 16 (ANI): Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the country. The Bill seeks to amend key legislations, including the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Aut ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
Advocate HP Ranina has dismissed a report by The Washington Post questioning LIC's investment practices. Ranina argues the claims lack substance and suggests potential political motives behind the publication. He reaffirms that LIC adheres to strict internal guidelines and highlights the absence of concerns from India's financial regulator, SEBI. Advocate HP Ranina has categorically dismissed allegations raised in a recent report by The Washington Post concerning the investment practices of the ...Read More >
New Delhi [India], October 27 (ANI): Founder of InGovern Research (a corporate governance and proxy advisory firm), Shriram Subramanian on Monday refuted the claims made in a recent Washington Post report on the Life Insurance Corporation of India's (LIC) investment in the Adani Group, and said it "should be dismissed and not given any attention." Subramanian said that the report lacks credible data and termed it "surprising and far-fetched." Speaking to ANI, Shriram Subramanian said, "...LIC' ...Read More >
Mumbai (Maharashtra) [India], October 27 (ANI): Advocate HP Ranina has dismissed a recent report by The Washington Post questioning the investment practices of the Life Insurance Corporation (LIC) of India, calling it baseless and misleading. Speaking to ANI, Ranina said there was "no substance in this report" and emphasised that LIC is a professional and publicly owned institution that operates strictly within its own investment guidelines. Also Read | 'Kaun Banega Crorepati 17': Station Mast ...Read More >
BENGALURU: The Tilak Nagar police have arrested two men for allegedly killing a 35-year-old woman, after suspecting her of having an affair. The victim's body was found wrapped in a blanket and left inside an abandoned autorickshaw near D-Mart in LIC Colony, close to Tilak Nagar police station, on Saturday. The accused have been identified as Subramanya (30), a plumber, and his friend, Senthil (25), a mason. The deceased has been identified as Salma, a domestic worker and widow with four childr ...Read More >
Mumbai: Mutual funds, insurers, and banks have been stepping up investments in long-term corporate bonds issued by the Adani Group, which has raised around ₹13,750 crore over the past year across five of its companies, market data showed. The group's bond sales make up more than a tenth of all corporate bonds issued in India over the past one year. In the 12 months to October 2025, the group has tapped the domestic bond market 10 times, with five issuances carrying maturities of 10 years or mor ...Read More >
Mumbai, Oct 26 (SocialNews.XYZ) The combined market valuation of seven of India's top 10 most-valued companies rose by Rs 1,55,710.74 crore in the holiday-shortened week, supported by a positive trend in domestic equities. Tata Consultancy Services (TCS) and Bharti Airtel were among the biggest gainers, according to the official data. During the week, the benchmark Sensex gained 259.69 points, or 0.30 per cent. On Thursday, the 30-share index touched a 52-week high of 85,290.06. Among the top ...Read More >
New Delhi, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 m ...Read More >
New Delhi: The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities. Last week, the BSE benchmark climbed 259.69 points or 0.30 per cent. On Thursday, the 30-share BSE Sensex hit its 52-week high of 85,290.06. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy S ...Read More >
NEW DELHI: Congress Saturday demanded that Parliament's Public Accounts Committee (PAC) probe the LIC after a Washington Post report claimed the state-run insurer made huge investments in Adani Group securities after they took a beating in the markets. Congress spokesperson Jairam Ramesh termed the report a "disturbing revelation" about the savings of LIC's 30 crore policyholders being "systematically misused" to benefit Adani Group. Congress president Mallikarjun Kharge took a swipe at the govt ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
New Delhi: The Congress party on Saturday demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation of India (LIC) following a US media report alleging the public sector company made significant investments in Adani Group's securities after they suffered market losses. However, the LIC denied the allegations, calling them "false, baseless, and far from the truth." The opposition party's attack was spurred by a report in The Washington Post, which, ci ...Read More >
New Delhi: The Congress on Saturday alleged that the government drafted and pushed through a proposal to invest ₹33,000 crore of Life Insurance Corporation (LIC) funds in various Adani Group companies in May 2025 in order "to signal confidence in the Adani Group" and to "encourage participation from other investors". Citing a media report, the party also asked "under whose pressure" did the officials of the ministry of finance and Niti Aayog "decide that their job was to bail out a private comp ...Read More >
Billionaire investor Gautam Adani, left, and Narendra Modi, the prime minister of India. (Illustration by Chelsea Conrad/The Washington Post; Bloomberg and AFP/Getty Images; documents obtained by The Washington Post) NEW DELHI -- Debt was piling up quickly this spring for Gautam Adani -- owner of a vast empire of Indian coal mines, airports, seaports and green energy ventures -- and the bills were coming due. India's second richest man, whose net worth hovers around $90 billion, had been charg ...Read More >
New Delhi, Oct 25: The Congress, on Saturday, demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation (LIC) following an US media report that the public sector company made huge investments in Adani Group's securities after they took a beating in the markets. However, the LIC denied the allegations as "false, baseless, and far from the truth". Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC's 30 crore ...Read More >
Life Insurance Corp. of India said it makes independent investment decisions, pushing back against a Washington Post report that alleged Indian officials influenced the company to plow money into billionaire Gautam Adani's businesses. LIC, the country's largest institutional investor, gets board approval and carries out due diligence before making investments, it said in a post on X. The state-run insurer denied the Post report on Friday that said government officials pushed a proposal in May f ...Read More >
The Life Insurance Corporation of India (LIC) on Saturday denied the allegations made in a report by The Washington Post, which claimed that the company's investment decisions were influenced by external factors. It accused the report of trying to damage its reputation. The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned by the Adani Group. Refuting the claims, LIC stated, "No such document or p ...Read More >
Mumbai, October 25: Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26). The bank had posted a net profit of Rs 3,344 crore in the same period last year. Despite the marginal dip in profit, the bank's net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a healthy 4.54 per cen ...Read More >
New Delhi, Oct 25 (SocialNews.XYZ) The Life Insurance Corporation of India (LIC) on Saturday denied false reports by The Washington Post, reaffirming all investments are made with integrity and due diligence. In a rebuttal to the article, LIC said the allegations leveled by The Washington Post that the investment decisions of LIC are influenced by external factors are "false, baseless, and far from truth". "No such document or plan as alleged in the article has ever been prepared by LIC, which ...Read More >
JAMMU, Oct 17: Life Insurance Corporation of India (LIC), the country's largest life insurer today announced the launch of two new insurance products 'Jan Suraksha' and 'Bima Lakshmi' Plans in a function held here today. The plans were launched by R Doraiswamy, CEO & MD, Life Insurance Corporation of India (LIC). The new plans are available for sale from October 15, 2025. These launches align with LIC's continued focus on strengthening its product portfolio and catering to the evolving protec ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
Bihar STET 2025 Admit Card: The Bihar School Examination Board has released the admit card for the Bihar Secondary Teacher Eligibility Test (STET) 2025. Candidates who want to appear in the exam can now download their hall tickets. The exam is scheduled to be held on October 11 2025, across various centers in the state. LIC AAO Admit Card 2025: Prelims Hall Ticket to Release Soon at licindia.in Candidates need their application ID and date of birth to download the admit card. The official webs ...Read More >
Mumbai: A clutch of global and domestic institutions is lining up for the anchor book of Tata Capital's ₹15,512 crore initial public offering, the biggest share sale of 2025. Morgan Stanley, Goldman Sachs, Amansa Capital, Norges Bank, Life Insurance Corporation of India, ICICI Prudential Mutual Fund and HDFC Mutual Fund are among the dozen firms that have shown interest, according to bankers familiar with the matter. The anchor book is scheduled to open on october 3. Email queries to Tata Capi ...Read More >
Mumbai: Tata Capital, the financial services arm of the Tata Group, will hit the capital markets with its initial public offering (IPO) from October 6-8, with anchor bidding slated for October 3. The largest IPO of 2025 is expected to raise about Rs 15512, valuing the Non-banking finance company at Rs 1.31-1.38 lakh crore based on the price band between Rs 310-326 a share. This would be the biggest IPO of 2025 so far and among the largest in India, following Hyundai Motor India, LIC, and One9 ...Read More >
MUMBAI: Tata Capital has launched the largest issue from the non-banking segment ever, with a Rs 15,512-crore primary share sale at a price band of Rs 310-326/share -- nearly half of the prevailing price in the unlisted markets. The issue, also the largest listing of 2025 so far, opens on October 6 and was delayed a week as the RBI mandate to go public ends on Tuesday. According to platforms tracking grey market activity, the company's shares are quoting at a premium. Investorgain reported a gr ...Read More >
Bengaluru (Karnataka) [India], September 16: Guidewire, a leading insurance technology provider for non-life insurance companies, announced the opening of its new office at Prestige Tech Park, Bengaluru. The move to a larger facility is indicative of Guidewire tremendous growth in India as it continues to advance cloud-native solutions, attract top engineering talent, and help non-life insurers become digital-first companies. With more than 570 insurers in 43 countries relying on the Guidewire ...Read More >
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