LIC books profit of Rs 2,800 crore, says no to investment...

Making most of the rally in the stock market during last four months including the post general election Sen*** rally, the largest capital market players Life Insurance Corporation (LIC) has made a fast buck of Rs 2,800 crore. The corporation has remained a net buyer in stock market and has said no to any investment in Qualified Institutional Placement (QIP) issues. The corporation has also invested big time in corporate bonds. N Mohan Raj, executive director investment-operations) said, The average yield on corporate bonds we got during the last fiscal was in the range of 12 to 14.7%. This fiscal, ...

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