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'LIC Made Adani Investments As Per SOP, No Ministry Interference': N Sitharaman
Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions.
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"Not Received Any Instructions To Invest In Any Group": LIC On Washington Post Report
The LIC on Tuesday reiterated that the public sector insurer has neither issued nor received any document mentioned in the Washington Post report, which alleges that its decisions to invest in Adani Group were influenced by external factors.
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The Washington Post Can Question, But India Knows LIC Delivers
If there is one institution that commands unshakable faith across India, it is the Life Insurance Corporation or LIC. More than an insurer, it is a symbol of trust woven into India's social and economic fabric.
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Another Hit Job Falls Flat: Washington Post's Credibility Crisis in India
Once celebrated as a global symbol of fearless journalism, the Washington Post today faces serious questions about its credibility in India.
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"Misleading": Ex-LIC Chief Slams Washington Post Report On Adani Link
The Washington Post alleged that LIC's investment decisions, particularly concerning the Adani Group, are influenced by 'external factors'.
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"False, Baseless": LIC Rejects Washington Post Report On Adani Link
An article in The Washington Post had claimed that officials allegedly fast-tracked a proposal in May to direct approximately $3.9 billion in investments from the LIC to an Adani group firm.
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Adani Ports Secures Rs 5,000 Crore Domestic Bond, Fully Subscribed By LIC
Adani Ports and Special Economic Zone (APSEZ) on Friday announced it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD).
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Adani Ports' Rs, 5,000 Crore Bond Sale Draws Interest From LIC: Report
Adani Ports and Special Economic Zone, India's largest private port operator, has placed its longest-tenor debt with state-run Life Insurance Corporation of India, two sources familiar with the matter said on Thursday.
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LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
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Adani Row: Big Opposition Concession, But It Wants "PM's Reply" - 10 Facts
Both houses of the parliament were adjourned for the day amid loud protests and sloganeering from opposition parties demanding a discussion on alleged frauds in investment by public sector institutions like LIC and SBI, causing loss in market value.
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Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
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'LIC Made Adani Investments As Per SOP, No Ministry Interference': N Sitharaman
Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions.
-
"Not Received Any Instructions To Invest In Any Group": LIC On Washington Post Report
The LIC on Tuesday reiterated that the public sector insurer has neither issued nor received any document mentioned in the Washington Post report, which alleges that its decisions to invest in Adani Group were influenced by external factors.
-
The Washington Post Can Question, But India Knows LIC Delivers
If there is one institution that commands unshakable faith across India, it is the Life Insurance Corporation or LIC. More than an insurer, it is a symbol of trust woven into India's social and economic fabric.
-
Another Hit Job Falls Flat: Washington Post's Credibility Crisis in India
Once celebrated as a global symbol of fearless journalism, the Washington Post today faces serious questions about its credibility in India.
-
"Misleading": Ex-LIC Chief Slams Washington Post Report On Adani Link
The Washington Post alleged that LIC's investment decisions, particularly concerning the Adani Group, are influenced by 'external factors'.
-
"False, Baseless": LIC Rejects Washington Post Report On Adani Link
An article in The Washington Post had claimed that officials allegedly fast-tracked a proposal in May to direct approximately $3.9 billion in investments from the LIC to an Adani group firm.
-
Adani Ports Secures Rs 5,000 Crore Domestic Bond, Fully Subscribed By LIC
Adani Ports and Special Economic Zone (APSEZ) on Friday announced it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD).
-
Adani Ports' Rs, 5,000 Crore Bond Sale Draws Interest From LIC: Report
Adani Ports and Special Economic Zone, India's largest private port operator, has placed its longest-tenor debt with state-run Life Insurance Corporation of India, two sources familiar with the matter said on Thursday.
-
LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
-
Adani Row: Big Opposition Concession, But It Wants "PM's Reply" - 10 Facts
Both houses of the parliament were adjourned for the day amid loud protests and sloganeering from opposition parties demanding a discussion on alleged frauds in investment by public sector institutions like LIC and SBI, causing loss in market value.
-
Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
