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FinMin rejects Post's claims of influence on LIC investments in Adani cos

Mint Kolkata

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December 02, 2025

The finance ministry does not issue any advisory or direction to Life Insurance Corp. of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told Parliament on Monday, reiterating that the state-run insurer operates independently.

- Dipali Banka dipali.banka@livemint.com

FinMin rejects Post's claims of influence on LIC investments in Adani cos

As of 30 September 2025, LIC's total exposure to the Adani Group stood at ₹48,284.62 crore in equity and debt.

(MINT)

“The investment decisions of LIC are taken by LIC alone following strict due diligence, risk assessment, and fiduciary compliance and are governed by the provisions of Insurance Act, 1938, as well as regulations issued by the Insurance Regulatory and Development Authority of India (Irdai), Reserve Bank of India (RBI), and Securities and Exchange Board of India (Sebi) (wherever applicable) from time to time,” she said while answering a question on LIC’s recent investment in the Adani Group.

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Ex-Flipkart executive Venugopal is Reliance Retail CEO

Former Flipkart executive Jeyandran Venugopal has been named president and chief executive officer (CEO) of Reliance Retail Ventures Ltd (RRVL), marking another significant senior-level appointment at India's largest retailer, which is preparing for a public listing.

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INDIA'S SOLAR BOOM SHOWS 'CHINA' CRACKS

A massive solar module oversupply in India could force a painful industry consolidation. Who will survive?

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Crypto deals hit a record $8.6 bn as market strains rise

A record-breaking year for crypto mergers and acquisitions is facing a harsh reckoning since a recent rout in digital assets began to unravel industry gains spurred by a friendlier administration in the White House.

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The retail pivot of banks has seen lots of friction

Grievance data from RBI's Ombudsman Scheme report reveals rising discontent—much of it traceable to a major retail thrust by private sector banks. Remedial measures are a must

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Anthropic plans an IPO as early as 2026

Artificial intelligence startup’s IPO as early as 2026

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India’s solar module boom shows ‘China’ cracks

“There is overcapacity and overvaluation,” said Harsh Singhal, partner at ProsperETE, a climate-focused private equity firm. “Investors need to be careful about how competitive we are visa-vis China and how the government will respond to the market going forward.”

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IT sector sheds weight in stock market indices as AI rises

Since the start of the year, shares of the five largest firms have seen sharp drops: TCS fell by 23.47%, Infosys 17%, HCLTech 14.74%, Wipro 17.14%, and Tech Mahindra 9.97%.

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Will Muthoot valuation cap rally?

A steep 70% rally in domestic gold prices over the past year has acted like a Midastouch for gold financiers.

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Services PMI rebounds in November

India’s services sector rebounded in November, as new business intakes increased amid subdued price pressures and improving demand, a private sw showed on Wednesday.

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IT sheds weight in indices as AI rises

Combined weight of IT cos in BSE Sensex down to 18-year low

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