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Mutual-Funds

LIC-owned IDBI Bank to sell mutual fund business

IDBI Bank Ltd has initiated the process of selling its mutual fund business, Mint reported. “IDBI Bank has appointed ICICI Securities Ltd to advise it...

LIC to infuse ₹12,000 Crore in IDBI bank to help bank...

Life Insurance Corporation (LIC) may infuse fresh capital of around ₹12,000 Crore to help meet the private lender in its mounting Non Performing Assets (NPA)...
Delhi-High-Court

Delhi HC rejects plea against order on LIC’s 51% stake acquisition...

On Friday, the Delhi High Court rejected a plea against the order of its single judge on the acquisition move of Life Insurance Corporation...

LIC, SBI, Orix offers to subscribe IL&FS ₹4,500 right issues

Life Insurance Corp (LIC), Japanese based-Orix Corp and State Bank of India on Saturday have offered to subscribe ₹4,500 crore rights issue in IL&FS. LIC...

IDBI’s share jump 0.4% post LIC-IDBI deal

IDBI's share witnessed a dramatic rise in the intra-day trade today post LIC's approval to buy a 51% stake in the bank. The IDBI bank...