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India.com
25-06-2025
- India.com
LIC Ranks 4th In Top 10 List Of Most Valuable Indian Brands For 2025
Mumbai: The government-owned insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 report for 2025. The report notes that LIC's 2025 brand value stood at $13.6 billion, up 35.1 per cent from its 2024 brand value of $10.07 billion. LIC reigns supreme among the top brands ranked in the Indian insurance sector. The public sector giant claimed the position of the world's third strongest insurance brand, ranked by Brand Finance's 2025 Global Insurance 100 report, achieving a BSI score of 87.9/100. Based on Brand Finance's market research data, LIC is perceived as a brand with high familiarity and appeal in its home market, alongside its sustained AAA brand strength rating. Back in the list of top 10 firms by market capitalisation, LIC stands at the 8th spot with a market capitalisation of Rs 5.98 lakh crore, backed by a 38 per cent year-on-year growth in its Q4FY25 consolidated net profit at Rs 19,039 crore compared with Rs 13,782 crore in the year-ago period. The state insurer announced a final dividend of Rs 12 per equity share for the financial year ended March 31. The India 100 2025 by brand value list is based on an assessment of over 200 Indian brands, spanning many sectors, including IT services, hospitality, automotive, pharma, tyres, and retail. The methodology takes into account the latest available audited financials of companies. LIC reported a 13.79 per cent year-on-year increase in group premium for May this year. For the first two months of the financial year 2025-2026, group premium grew 13.66 per cent, according to data compiled by the Life Insurance Council. In May 2025, LIC collected Rs 14,374.87 crore in group premiums, up from Rs 12,632.26 crore in May 2024. The overall new business premium grew 10.27 per cent from Rs 16,690.39 crore in May 2024 to Rs 18,405.04 crore in May this year. The overall life insurance industry garnered Rs 30,463.20 crore, marking a 12.68 per cent rise over Rs 27,034.14 crore collected in the same month last year.
Time of India
20-06-2025
- Time of India
CBI books Tata Consulting Engineers, JNPT officials for alleged running of cartel
MUMBAI: The Central Bureau of Investigation ( CBI ) has booked the project manager of Tata Consulting Engineers (TCE), the chief manager of the Jawaharlal Nehru Port Trust ( JNPT ) and unknown officials for allegedly causing a loss of Rs 800 crore to the exchequer by running a cartel and awarding contracts to selected international bidders. According to a first information report (FIR) filed earlier this week, Sunil Kumar Madabhavi, the chief manager (PP&D) of JNPT at the time, in conspiracy with Devdutt Bose, the then project manager of TCE, a Tata Group company, allowed complementary bidding in the tendering process. By doing so, they allowed the formation of the joint venture by the solely eligible bidders - Boskalis Smit India LLP and Jan De Nul Dredging India (also known as BSI-JDN JV). The agency has alleged that the Competition Commission of India guidelines were violated in the process. The FIR adds that a shadow bidding arrangement was put in place to support the cartel formed by Boskalis Smit India and Jan De Nul Dredging India. It said "this was allowed by Madabhavi in connivance with Bose, project manager from M/s TCE and other unknown persons, thereby allowing the said cartel to participate in the bidding process for capital Dredging Phase-ll through their joint venture namely BSI-JDN JV." ET has seen a copy of the FIR. It also said that payments amounting to Rs 348 crore in phase-ll for work already executed in phase-l, without actually performing the work, was paid, thereby causing undue advantage to BSI-JDN JV. The dredging work was carried out in two phases - Capital Dredging Project Phase I and Capital Dredging Project Phase Il. The CBI has mentioned the period of the scam as 2003 to 2019, when the two phases were executed. The FIR said "several stringent Project Qualifications (PQ) criteria and tailor-made specifications were inserted in the tender documents of Phase - ll to eliminate the Indian bidders from the competition and to the advantage of the international bidders".
Hans India
13-06-2025
- Hans India
LIC Announces Relaxed Claim Rules for Air India AI 171 Crash Victims' Families
After the tragic Air India AI 171 plane crash in Ahmedabad on June 12, 2025, LIC of India announced special help for affected families. The crash took many lives, including passengers, crew, and people nearby. To make claims easier, LIC will accept government records or proof of compensation instead of death certificates. This will speed up the claim process and provide quick financial support. LIC has promised that it will process claims fast. It further mentioned that it will reach out to decacased family members. Claimants can visit their nearest LIC branch or call 022 68276827 for assistance. This step shows LIC's care and strong commitment to support victims' families during tough times.
