Latest Updates Around The World
MUMBAI: Life Insurance Corporation will soon take steps to boost returns on its real estate assets, which have a book value of Rs 16,000 crore and a market value of over Rs 45,000 crore after revaluation. Officials said that while real estate typically yields 3-4%, capital gains are much higher. The company has also shelved […]
The government is actively considering further reducing its stake in insurance giant LIC through a public offer in the next financial year, Financial Services Minister M. Nagaraju said on Monday.Currently, the government has a 96.5 percent stake in Life Insurance Corporation (LIC). It had sold 3.5 percent through an initial public offering (IPO) in May […]
