2. LIC to invest Rs 61,000 cr in equity market this fiscal This year we are likely to invest around Rs 61,000 crore (in equity market)," LIC Managing Director Thomas Mathew told. Last year, total profit by churning portfolio was Rs 9,400 crore full year. However, during this year till mid-October LIC has earned Rs 12,000 crore by churning portfolio. State-owned Life Insurance Corporation (LIC) manages assets worth over Rs 12 lakhcrore.
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5. Food prices for the week ended November 20 rose 8.6% from a year ago, down sharply from 10.15% in the previous week.