LIC shares

psu insurance stocks: 2 PSU insurance stocks zoom 14%. What’s the good news?

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Shares of two PSU insurance companies – General Insurance Corporation of India and New India Assurance – rallied 14% each on Thursday to fresh peaks amid reports that the government may infuse capital into three state-owned insurers. Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while … Read more

LIC gets RBI nod to buy 9.99% stake in HDFC Bank

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Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, has received approval from the Reserve Bank of India (RBI) to increase its stake in HDFC Bank, the largest private lender in India. RBI has allowed LIC to acquire an additional 4.8% stake in HDFC Bank, raising its total stake to 9.99% by January … Read more