life insurance corporation

The central government has announced 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route, enabling full foreign ownership. This move, aligning with the Sabka Bima Sabki Raksha Act, 2025, aims to boost foreign participation, with IRDAI approval required. LIC remains an exception with a 20% FDI limit.

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee.

Indian equity markets experienced a significant downturn, with the top ten most-valued firms losing over Rs 2 lakh crore. Tata Consultancy Services and Reliance Industries bore the brunt of this decline, influenced by geopolitical tensions and weak IT sector commentary. The broader market also saw substantial drops in benchmark indices.

Dalal Street concluded the holiday-shortened week with gains, as the combined market valuation of India's top 10 firms surged by Rs 2.20 lakh crore, led by Reliance Industries. Despite a volatile trading environment and mixed global cues, investor sentiment remained resilient, with the BSE Sensex rising 0.32%.

Maharashtra government is set to acquire the iconic Air India building in South Mumbai for Rs 1,600 crore. The Finance Department has released funds, paving the way for a deal with Air India Assets Holding Limited. This move aims to alleviate space crunch at Mantralaya and consolidate government offices, offering significant office space near the secretariat.

Director Vignesh Shivan revealed that the life insurance corporation of India demanded a staggering Rs 112 crore to use the title 'LIC' for his film 'Love Insurance Kompany.' Facing this exorbitant demand, the team opted for the creatively spelled title 'LIK' to avoid legal complications and proceed with the release.

Indian markets concluded the week on a positive note, with the combined market value of the top ten companies surging by over Rs 1.87 lakh crore. Bharti Airtel emerged as the leading gainer, adding Rs 58,831 crore to its valuation. This uptrend was supported by easing geopolitical tensions and a positive risk sentiment.

LIC Housing Finance Limited has opened applications for 180 Junior Assistant positions, with registration commencing April 16, 2026. Candidates need a graduate degree with 55% marks and must be between 21 and 30 years old. The selection involves an online exam and interview, with a starting salary of ₹20,000 plus benefits.

The LIC AAO 2025 recruitment has progressed with results announced for different stages of its three-tier selection process. The preliminary exam, held in October 2025, served as a screening round, followed by the mains in November. Results were released online in PDF format, shortlisting candidates for further stages across 841 vacancies in AAO and Assistant Engineer roles.

Dalal Street experienced a significant market capitalisation erosion of over Rs 1 lakh crore for five top firms last week, with HDFC Bank bearing the brunt. Despite initial gains, selling pressure in later sessions led to a muted market close, reflecting participant caution.

Indian cricketer Kuldeep Yadav will marry his longtime partner Vanshika Chadha on March 14 in Mussoorie. The couple, childhood friends from Kanpur, saw their friendship grow into a lifelong relationship. Vanshika works at the life insurance corporation of India and maintains a private life away from the spotlight. Wedding festivities begin March 13, with cricket stars like Virat Kohli expected to attend.

Indian markets witnessed a sharp sell-off last week, with the top 10 companies losing a staggering Rs 4.48 lakh crore. Rising crude oil prices and escalating global tensions fueled inflation fears, impacting major firms like SBI and HDFC Bank the most. Despite the downturn, Reliance Industries retained its top valuation spot.

Cricketer Kuldeep Yadav is set to marry his childhood sweetheart, Vanshika Chadha, on March 14 in Mussoorie, following India's 2026 T20 World Cup victory. The couple, who grew up as neighbours in Kanpur, will celebrate with Haldi and Mehendi ceremonies on March 13. A grand reception is planned for March 17 in Lucknow, with prominent guests expected.

Global rating agency Moody's Investors Service on Monday said it has withdrawn the 'Baa3' insurance financial strength rating of the life insurance corporation (LIC).