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Congress demands PAC probe into LIC, insurance major rubbishes charges

The New Indian Express Chennai

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October 26, 2025

THE Congress on Saturday sought Parliament’s Public Accounts Committee to investigate the Life Insurance Corporation (LIC) following a foreign daily report that the public sector company made huge investments in Adani Group’s securities after they took a beating in the markets. However, the LIC denied the allegations as “false, baseless, and far from the truth”.

- EXPRESS NEWS SERVICE @New Delhi

Congress demands PAC probe into LIC, insurance major rubbishes charges

Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC’s 30 crore policyholders were “systematically misused” to benefit the corporate house.

The opposition party’s attack came after the Washington Post, citing internal documents, reported that Indian officials drafted and pushed through a proposal to invest about %33,000 crore of LIC funds in various Adani Group companies in May 2025.

FLERE HISTORIER FRA The New Indian Express Chennai

The New Indian Express Chennai

Mohanlal, Tharun Moorthy to reunite

DIRECTOR Tharun Moorthy and Mohanlal will join forces again after thesuccessof Thudarum this year.

time to read

1 min

October 27, 2025

The New Indian Express Chennai

Austin Butler in talks to join Miami Vice film

EPORTS state that Austin Butler is in talks to join Universal’s upcoming feature, Miami Vice, directed by Joseph Kosinski.

time to read

1 min

October 27, 2025

The New Indian Express Chennai

The New Indian Express Chennai

Op Sindoor success makes festivals vibrant: PM

PRIME Minister Narendra Modi on Sunday described the Chhath festival, being widely observed across Bihar and other states, as reflecting India’s cultural and social unity, with devotees from all castes performing rituals together.

time to read

2 mins

October 27, 2025

The New Indian Express Chennai

The New Indian Express Chennai

WAVES Bazaar puts Indian women filmmakers on global map in Toronto

UNDER the ministry of information and broadcasting (Mi&B) flagship international markets platform— WAVES Bazaar—six Indian filmmakers helming women-led projects represented the country at the Toronto International Film Festival (TIFF) 2025, held last month.

time to read

1 min

October 27, 2025

The New Indian Express Chennai

Two washed away in Kosasthalaiyar River, rescue op on

TWO men who went for a dip in the Kosasthalaiyar River near Manali New Town were washed away on Saturday evening. The police along with the fire and rescue service personnel are conducting a rescue operation to locate them, a police source said.

time to read

1 min

October 27, 2025

The New Indian Express Chennai

21 Maoists lay down arms in C’garh district

TWENTY-one cadres, including 13 women, of the banned outfit CPI (Maoist) surrendered along with 18 weapons in Chhattisgarh’s Kanker on Sunday.

time to read

1 min

October 27, 2025

The New Indian Express Chennai

Fed rate, US tariffs to dictate mkt move

DOMESTIC equities are set to take cues this week from the US Federal Reserve's upcoming interest rate decision and progress on the India-US trade agreement.

time to read

1 mins

October 27, 2025

The New Indian Express Chennai

Madhavan’s GDN look is here

ACTOR-FILMMAKER Krishnakumar Ramakumar, in his sophomore directorial venture, is taking up the responsibility to bring to screen the life of industrial pioneer GD Naidu.

time to read

2 mins

October 27, 2025

The New Indian Express Chennai

Initiatives, ventures, & collaboration

From students to startups, IIM Indore is shaping a culture of creation and connection that reaches far beyond its campus

time to read

1 min

October 27, 2025

The New Indian Express Chennai

The New Indian Express Chennai

How share buyback amount is taxed

Payment made by a company to buy back shares is deemed as ‘dividend income’ in the hands of shareholders

time to read

2 mins

October 27, 2025

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