Mumbai: Life Insurance Corporation of India (LIC), which stepped in to rescue IDBI Bank by acquiring a controlling stake in 2019 and currently owns half of it, will be reclassified as a public shareholder once the lender’s strategic disinvestment is completed. The Securities and Exchange Board of India (Sebi) cleared the reclassification, said the Department…
In an important step towards the privatisation of IDBI Bank, the Securities and Exchange Board of India (SEBI) has approved the reclassification of the Life Insurance Corporation of India (LIC) as a public shareholder, the bank informed stock exchanges. This means LIC will now be treated like any other public investor in IDBI Bank. As…
Anil Singhvi Stock Picks:Â Zee Business Managing Editor Anil Singhvi has shared a list of buy calls for traders for profit booking. The shares that he has picked are from the sectors that are likely to get benefitted from the government’s likely GST reforms which aim to make products like two-wheelers, compact cars, and insurance more…
Market Capitalisation: The combined market capitalisation of nine of the ten most valued companies listed on the BSE witnessed a combined increase of Rs 2.34 lakh crore in equities this week, as strong momentum in the stock market pushed their valuations higher. Bharti Airtel was among the top gainers. Its market capitalisation rose by Rs…
Stocks to buy for long term: Several domestic brokerage firms have shared their latest stock recommendations from different sectors, including banking, financial services, and retail. Analysts at Geojit BNP Paribas, Mirae Asset Sharekhan and Motilal Oswal Financial Services have suggested buying 6 largecap, and 1 smallcap stocks that can generate profits in long term. Stocks…
Government-owned insurer Life Insurance Corporation of India (LIC) has earned a Guinness World Records title for selling the most life insurance policies in 24 hours. This historic achievement, verified by Guinness World Records, recognises the extraordinary performance of the corporation’s dedicated agency network on January 20, 2025. The state-owned insurer said in a statement that…