Bids sought from actuarial companies to value LIC

New Delhi: In the tender notice, DIPAM has said that the LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed IPO. Embedded value (EV) refers to a common valuation measure used mainly by life insurance companies to estimate the consolidated value of...

LIC Housing Q2 profit up 2 pc at Rs 791 cr

Mumbai: Its profit in the year-ago period stood at Rs 772.20 crore. On a consolidated basis, the company reported about 3 per cent rise in net profit at Rs 789.67 crore for September quarter of this fiscal year. “Our portfolio growth was muted. In April and May, there was no...

LIC may be listed in foreign markets

New Delhi: The country's largest insurance company LIC can be listed in foreign markets. The government is seriously considering this possibility. It is believed that through this the government wants to give a concrete message to foreign investors. The government has already announced to sell some of its stake in...