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The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
Owned by The Times Group, The Economic Times began publication in 1961 and it is sold in all major cities in India. As of 2023, it is the world's second-most widely read English-language business newspaper , after The Wall Street Journal , [ 4 ] with a readership of over 900,000.
In June 2000, the company formed a joint venture with the Financial Times [7] with Peter Bale as managing editor. [8] In January 2004, Calandra resigned amidst allegations of insider trading. [5] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share. [9] In May 2016, MarketWatch hired Dan Shar as general ...
A listed investment company (LIC) is an Australian closed-end collective investment scheme similar to investment trusts in the UK and closed-end funds in the United States. Instead of regularly issuing new shares or canceling shares as investors join and leave the fund, investors buy and sell to each other on the ASX .
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit taking housing finance company, and it is a subsidiary of LIC , mainly providing long-term financing to people who purchase or construct residential houses or flats.
In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [1] (worth ₹15 lakh & ₹41 lakh in 2017 prices). Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that