Mandar's World

Expression of Heart, Soul and Brain

LIC won Reader’s Digest Best Award once again.

Few Milestones :

  • With conventional plans LIC’s premium grew 29%
  • On the other hand,private sector’s firm fell by 3% in 2009.
  • Daily LIC adds Rs.3,50,00,00,000 to its assets through its collections.No private Life insurance company can compete.
  • Tata motors on 19/5/2009 raised Rs.1250 crore by selling NCD(10%) to LIC.
  • LIC to invest around Rs.1,05,000 crore in NCDs and equity in this financial year.
  • LIC’s renewal premium up by 23.91% to Rs.75,971 crore(Rs.227 crores per day) for the 11 month upto 28.02.2009
  • LIC is planning to enter Australia, South east Asia, New Zealand to insure Indians there.
  • Wipro begs LIC’s 5 year Information Technology deals leaving Infosys, L&T info and TCS busn standard.
posted by Mandar in Insurance and have No Comments

Other IT giants boom as Satyam experiences a downfall.

IT Giants like Infy, TCS, Wipro boom as Satyam falls.

The Bombay Stock Exchange(BSE) experienced surging of over five per cent of top three information technology firms — Tata Consultancy Services, Infosys and Wipro.On the other hand,Satyam shares took a severe beating and plunged over 70 per cent.
The Infy firm has told its HR officers not to provide employment to any of
the Satyam’s employees and they are not thinking of taking over Satyam at any cost.

posted by Mandar in Misc and have Comments (2)