LIC reserves cash to bail out government share sales
India’s largest insurer, Life Insurance Corporation (LIC) of India, which was supposed to invest Rs 50,000 crore in the equities market in the fiscal year 2012-13, has hardly invested around Rs. 8,500 crore in the first six months of the fiscal year. Last year, the insurer had bought shares worth Rs. 45,000 crore. Read more