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Source: Live Mint Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium immediate annuity plan. The official website of the state insurer – last updated on Feb 18 – specifies that the plan offer a wide range of…
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint Shares of Vakrangee, a LIC-backed penny stock, were locked in their 5 percent upper circuit at ₹16.71 on Friday, February 14, following the Reserve Bank of India’s (RBI) decision to renew its authorisation for White Label ATMs. This marked the second consecutive session that the stock hit its upper circuit. In an…
Source: Live Mint LIC Q3 Results: Life Insurance Corporation of India (LIC) announced its October to December quarter results on February 7. The company recorded a rise in net profit of 17% YoY to ₹11,056 crore in the third quarter, compared to ₹9.444.42 crore in the same quarter a year ago. Read Full Article
Source: Live Mint JTL Industries, a company specialising in the production of ERW pipes, GI pipes, MS black pipes, hollow sections, and solar structures, has received a ‘buy’ rating from Axis Securities. Axis Securities has set a target price of ₹111 per share, suggesting a 10 per cent upside from its current market price of…
Source: Live Mint Asian Paints share price will be in focus on Wednesday after the state-run insurance giant Life Insurance Corporation of India (LIC) raised its stake in the company, LIC announced that it has increased its investment in Asian Paints to 7% through open market purchases, at an average cost of ₹2,891.25 per share…
Source: Live Mint LIC Shareholding: Life Insurance Corporation of India (LIC) raised its stake in blue-chip firm Asian Paints to 7 per cent, the insurer informed via an exchange filing on Tuesday, December 10. LIC, India’s biggest domestic institutional investor (DII), held a 6.6 per cent stake in the paints manufacturer at the end of…
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
Source: Live Mint ROE and ROCE are key financial metrics that measure a company’s ability to generate profits from its capital, helping investors assess how efficiently a company is using its resources to grow. A high ROE and ROCE typically signal a strong competitive position, effective management, and the potential for sustainable profits over time….
Source: Live Mint Stock Market Today: Public sector insurer Life Insurance Corporation of India (LIC) clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions…
