26102025-TTC-01.qxd 10/26/2025 12:49 AM Page 1 c m y b 123 CHANDIGARH | GURUGRAM | JALANDHAR | BATHINDA | VOL. 9 NO. 295 | 20 PAGES | ~7.00 | REGD. NO. CHD/0006/2024-2026 ESTABLISHED IN 1881 PAK, AF HOLD SECOND ROUND OF TALKS IN ISTANBUL WORLD /thetribunechd MEHBOOBA MOVES HC FOR TRANSFER OF UNDERTRIALS J&K AS DISASTERS MOUNT, KULLU’S ‘SACRED PARL’ STEPS IN SPECTRUM VAISHNAW: NAVIC TO POWER INDIA-MADE PHONES SOON BACK PAGE sunday | 26 october 2025 /thetribunechd www.tribuneindia.com LIC defends investment in Adani firms as Cong seeks high-level probe ‘RO-KO’LEAVE OZONAHIGH ■ Rohit Sharma slammed 121 not out, his 50th ODI hundred, and Virat Kohli a superlative 74 not out in possibly their last outings in Australia as they propelled India to a consolation nine-wicket victory in the third and final ODI in Sydney on Saturday. Australia won the series 2-1. ■ With this knock, Kohli has overtaken Kumar Sangakkara to become the second-highest run-getter in ODI cricket. Rohit later admitted that there may not be another trip for him and Kohli to their cricketing heartland. The two now play only ODIs after retiring from Tests and T20Is. Actor Satish Shah passes away at 74, Largest insurer clears stand after US media report the savings of LIC’s 30 crore ALLEGATION PM expresses grief Tribune News Service policyholders were “systemMUMBAI: Actor Satish Shah, who brought smiles and laughter through memorable roles in films such as Jaane Bhi Do Yaaron and Main Hoon Na and sitcom Sarabhai vs Sarabhai, passed away on Saturday. He was 74. Shah died due to kidney failure. Expressing grief, PM Narendra Modi said Shah’s effortless humour brought laughter into countless lives. BACK PAGE Shreyas Talpade, Alok Nath among 22bookedforfraud BAGHPAT (UP): Actors Shreyas Talpade and Alok Nath and 20 others have been booked in connection with a fake finance company that allegedly duped hundreds of investors by promising to double their money within a year, officials said on Saturday. The police said the company used film personalities to promote its schemes. INSIDE New Delhi, October 25 Life Insurance Corporation of India today said its investments in Adani group companies were made independently even as the Congress demanded an investigation by Parliament’s Public Accounts Committee into the controversy triggered by a Washington Post report on the insurer. The US media house alleged that LIC’s investments took place after Adani shares took a beating in the markets. In a statement posted on X, LIC said its investment decisions were taken “as per Board-approved policies after detailed due diligence”. “The Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions. LIC has ensured the highest standards of due diligence and all investment decisions have been undertaken in compliance with extant policies, provisions in the Acts and regulatory As per Washington Post, ‘Indian officials drafted and pushed through a proposal to invest ~33,000 crore of LIC funds in Adani firms in May 2025 when the conglomerate faced a debt pile and scrutiny in the US’ DEFENCE LIC says the Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions ~41LAKH CRORE ~15.6L CRORE Total assets LIC has Invested in top firms guidelines, in the best interest of all its stakeholders,” the state-owned insurer said. LIC said the US media house report carried statements “with the intentions to prejudice the well-settled decision-making process of LIC and also to tarnish the reputation and image of LIC and the strong financial sector foundations in India”. Congress general secretary Jairam Ramesh alleged that atically misused” to benefit the Adani group. In a statement, Ramesh said “disturbing revelations have just emerged in the media about how the Modani joint venture systematically misused LIC and the savings of its 30 crore policyholders”. Citing “internal documents”, Washington Post alleged that “Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crore of LIC funds in various Adani group companies in May 2025 when the ports-to-energy conglomerate was facing a debt pile and scrutiny in the US”. The country’s largest insurer has, over the years, made investment decisions across companies. Its investment value in India’s top 500 companies has grown 10-fold since 2014 — from Rs 1.56 lakh crore to Rs 15.6 lakh crore. LIC is the country’s largest institutional investor with over Rs 41 lakh crore (over USD 500 billion) in assets. continued on page 6 <
The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising four eminent persons as trustees.
The Tribune, the largest selling daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the paper. It is an independent newspaper in the real sense of the term.
The English edition apart, the 133-year-old Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).
