Tag: LIC

LIC pays ₹7,324.34 crore dividend to government

August 29, 2025 admin

LIC CEO and MD R. Doraiswamy handing over the dividend cheque to Union Finance and Corporate Affairs Minister Nirmala Sitharaman on August 29, 2025 in the presence of DFS and LIC officials. Photo: Arrangement The Life Insurance Corporation of India (LIC) on Friday (August 29, 2025) paid ₹7,324.34 crore dividend to the Centre. CEO and…

Business

GST Authority Imposes Rs 36,844 Fine On LIC

October 11, 2023 admin

LIC was fined for lower payment of taxes (Representational) New Delhi: Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes. The corporation has received a communication/demand order for collection of GST, along with interest and penalty for Jammu & Kashmir state,…

Nation

LIC sells over 2% stake in Sun Pharma for ₹4,699 crore

September 14, 2023 admin

Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata. File | Photo Credit: REUTERS LIC on Thursday said it has sold 2% of its holding in Sun Pharma for ₹4,699 crore via open market sale. Following the share sale, there is a decrease of 2% in holding during the period from…

Business