Is the Insurance Regulator Watching?

If you have been wondering how the Sensex pulled back at least 500 points or more (intra-day) on at least two occasions recently, then look no further than Life Insurance Corporation (LIC). The government-controlled insurance behemoth is single-handedly playing the role that Unit Trust of India used to play before its two debacles and the subsequent split.

We learn that LIC has been making...

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