Can LIC’s investments in public sector units hurt policyholders?

In the last five years, Life Insurance Corp. of India’s (LIC) investments in state-run banks and the government’s disinvestment programme have almost doubled, according to news reports. Moreover, of the total investments made by LIC worth ₹26.6 trillion, as of March 2019, ₹22.6 trillion went into the public sector and only ₹4 trillion went into the private sector, showed data from the Reserve Bank of India. While this may work in favour of some of the public sector undertakings (PSUs), it’s not clear how it will impact the customers of the insurer. Disha Sanghvi asks experts how this might affect…

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100,000 Samsung Galaxy S7, S7 Edge Units Sold in First 2 Days in South Korea: Report

More than 100,000 units of Samsung Electronics Co.’s Galaxy S7 series smartphones were sold in South Korea within the first two days of its official launch, data showed on Sunday. Sales of the Galaxy S7 and Galaxy S7 Edge reached a combined 60,000 on Friday and 40,000 on Saturday after the smartphones hit South Korean market on Friday, Yonhap cited the official data as showing. The Galaxy S7 Edge accounted for some 40 percent of the two-day sales, the data added. The initial pace of sales is roughly on par…

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