LIC Acquires 6.7% Stake in Jio Financial Services via RIL De-merger Action The financial world is witnessing a significant development as the Life Insurance Corporation of India (LIC) has acquired a substantial 6.7% stake in Jio Financial Services. This strategic move comes as a result of the Reliance Industries Limited (RIL) de-merger action. In this…
Centre Appoints R. Doraiswamy as LIC Managing Director The recent appointment of R. Doraiswamy as the Managing Director of Life Insurance Corporation of India (LIC) marks a significant development in the financial sector of the country. This decision has far-reaching implications, not only for the insurance industry but also for aspirants preparing for various government…
LIC Raises Stake in Tech Mahindra to 8.88% Through Open Market Transactions LIC Raises Stake in Tech Mahindra | Tech Mahindra, one of India’s leading multinational technology companies, recently witnessed a significant development as the Life Insurance Corporation of India (LIC) increased its stake in the company through open market transactions. LIC, the largest insurance…
The Life Insurance Corporation of India (LIC) has appointed Tabelesh Pandey and M Jagannath as its new managing directors (MDs). Pandey and Jagannath will take over as MDs of the insurance giant on 1st May 2023, replacing current MDs MR Kumar and TC Suseel Kumar, who are set to retire on 30th April 2023. Why…
Siddhartha Mohanty LIC : GOI Appoints Siddhartha Mohanty as Interim Chairman of LIC The Government of India (GOI) has appointed Siddhartha Mohanty as the interim chairman of Life Insurance Corporation of India (LIC). This appointment comes after the retirement of MR Kumar, the previous chairman of LIC. Mohanty will hold this position until the government…
