Tuesday, 4 October, 2022
TopicLife Insurance Corp

Topic: Life Insurance Corp

Pushing to have LIC IPO done by March 2022, FM Sitharaman says

Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.

‘Selling national asset willfully disruptive’: LIC trade union argues against Modi govt IPO plan

All India LIC Employees’ Federation, which represents about 4,000 of LIC’s roughly 114,000 employees, warns of jobs losses & says company may focus on profit-maximising after IPO.

LIC dismisses rumors of financial trouble, assures policyholders’ money is secure

The insurer issued a clarification in response to reports alleging the company was suffering heavy financial losses.

India is considering the outright sale of IL&FS

Other options include splitting businesses according to verticals and disposing them off to several buyers or injecting  liquidity at group level

On Camera

YourTurn

File photo of Supreme Court | Manisha Mondal | ThePrint

SC ruling on hijab & Gyanvapi won’t just be limited to faith. It’ll be about our democracy

While petitions against Karnataka’s hijab ban are an opportunity to define student rights, those against Place of Worship Act can be a platform to ensure a robust law-making procedure in India.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

The LCH is designed with stealth features such as reduced visual, aural, radar and infrared signatures | Photo: IAF

Prachand, India’s new Light Combat Helicopter, doesn’t yet have main arsenal or protection suite

IAF inducted new helicopter Monday, but it'll get anti-tank guided missile only by mid-2023, while air-to-air missiles haven't yet been ordered, it is learnt.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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