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Source: Live Mint Life Insurance Corporation of India (LIC) has increased its stakeholding to 5.02 per cent in the edible oil refiner Patanjali Foods through the purchase of shares via open market operations, according to an exchange filing on Tuesday, November 26. The stakeholding of the government-owned insurer rose 0.034 per cent to 5.02 per…
Source: Live Mint Adani Group Stocks: Life Insurance Corporation of India (LIC), the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore in a single trading session on Thursday, November 21, following a sharp decline in group shares. The shares of the Gautam Adani-led conglomerate plummeted by…
Source: Live Mint In an equities slump during the holiday-shortened last week, as many as eight of the top ten most valued Indian listed companies lost a cumulative ₹1,65,180.04 crore from market valuation, PTI reported. Among the top 10, banking sector majors HDFC Bank and State Bank of India (SBI) took the biggest hits. Overall,…
Source: Live Mint The combined market capitalisation of six of the top-10 most-valued companies soared by more than ₹1 lakh crore last week, which saw a special Diwali Muhurat Trading session on November 1. Last week, the benchmark BSE Sensex rose 321.83 points, or 0.40%. Despite last week’s gains, the Sensex and Nifty 50 are…
Source: Live Mint Arvinder Singh (56), who runs a retail business (telecom equipment and electric two-wheelers) in Delhi, faced the same dilemma. A chance meeting with a financial professional at a get-together influenced him deeply. He decided to test the waters, that too when he was just turning 50. View Full Image Graphic by Pranay…
Source: Live Mint These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1…
Source: Business Standard Stocks to Watch, Monday, October 14, 2024: Markets in India were likely to open with a slight upside on Monday, as indicated by GIFT Nifty futures, which were trading around 50 points ahead of Nifty futures last close, at 25,102, around 6:50 AM. Meanwhile, here are a few stocks…
Source: Business Standard Photo Credit: Ruby Sharma 3 min read Last Updated : Oct 08 2024 | 8:49 PM IST The state-owned Life Insurance Corporation (LIC) of India has reduced the first-year agent commission from 35 per cent to 28 per cent following the revision of surrender value norms, sources familiar with the development…
Source: Business Standard 1 min read Last Updated : Oct 06 2024 | 4:00 PM IST State-owned Life Insurance Corporation (LIC) has notified the exchanges that its shareholding in Pune-based Bank of Maharashtra has increased from 4.05 per cent to 7.10 per cent, following the allotment of 259.6 million shares of the state-owned bank…
Source: Live Mint In a tumultuous week for Indian markets, nine out of the top ten most valuable companies in India saw their market capitalization plummet by a staggering ₹4,74,906.18 crore. This significant erosion in value came as the broader market faced severe headwinds, with the BSE benchmark index plunging by 3,883.4 points, or 4.53…
