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Fortune 500 list: Debutant LIC breaks into top 100 at 98th position
This is the first outing of LIC on the list, which ranks listed companies by sales. Meanwhile Reliance, with revenue of USD 93.98 billion and a net profit of USD 8.15 billion in the latest year, has moved to 104th place.
Published on Aug 03, 2022 10:10 PM IST
PTI |
LIC shares hit record low of ₹782.45, market cap slips below ₹5 lakh crore
LIC share is trading in the red for the fifth straight session. The recent slump has dragged Life Insurance Corporation of India's market capitalisation below ₹5 lakh crore for the first time.
Published on Jun 06, 2022 04:36 PM IST
ANI | , Mumbai
LIC reports lower profit in Q4; declares ₹1.50 per share dividend
India's biggest insurer and largest domestic financial investor also announced a dividend of 1.50 rupees per share with a face value of 10 rupees each, it said in a regulatory filing on Monday.
Published on May 30, 2022 08:02 PM IST
Reuters | , Mumbai
How LIC's IPO, India's biggest, ended in a downbeat debut
- Having missed out on last year's IPO frenzy, shares in India's biggest insurer opened at 872 rupees apiece, compared to their issue price of 949 rupees. They touched a session high of 918.95 rupees.
Published on May 17, 2022 11:58 PM IST
Reuters |
Video: ‘3..2…1’- The moment LIC made much-anticipated market debut
- Founded in 1956 by nationalising and combining more than 240 firms, LIC has for decades been the synonymous with life insurance until the entry of private companies in 2000, experts say. The LIC IPO - India's largest - fetched the government ₹20,557 crore.
Published on May 17, 2022 11:24 AM IST
Written by Ishika Yadav | Edited by Swati Bhasin
