“What’s happening is that the market is becoming very narrow and is searching for pockets where the downside is limited. It’s also looking for certainty in earnings growth. Even companies that posted strong earnings in the first quarter—but haven’t provided clear guidance on the sustainability of those earnings—are getting punished,” says Anshul Saigal, Founder, Saigal … Read more
Mumbai: HDB Financial Services has raised ₹3,369 crore from 141 anchor investors ahead of the opening of its ₹12,500 crore initial public offering (IPO) on June 25. The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc. … Read more
Life Insurance Corporation of India (LIC) has recommended a final dividend of Rs 12 per equity share for the financial year 2024–25. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The company’s Board has also fixed July 25 as the record date to determine the eligibility of shareholders … Read more
देश की सबसे बड़ी बीमा कंपनी एलआईसी (LIC) ने गिनीज वर्ल्ड रिकॉर्ड (LIC Guinness World Record) बनाया है. ये हम नहीं कह रहे, बल्कि बीमा दिग्गज लाइफ इंश्योरेंस कॉर्पोरेशन ऑफ इंडिया ने खुद इस उपलब्धि के बारे में जानकारी ही है. कंपनी की ओर से एक बयान में कहा गया कि इस साल 20 जनवरी … Read more
दरअसल, भारतीय जीवन बीमा निगम ने उन खबरों पर तस्वीर साफ की है, जिनमें कहा जा रहा है कि LIC हेल्थ इंश्योरेंस बिजनेस में उतरने की तैयारी में है. Source link
Baba Ramdev’s Patanjali Ayurved, a prominent Indian consumer goods company, has made its foray into the general insurance industry through the acquisition of a majority stake in Magma General Insurance. According to the agreement, Patanjali Ayurved and DS Group, the maker of Rajnigandha, will purchase Magma General Insurance from Sanoti Properties LLP for a valuation … Read more
Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more
Nearly 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi’s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here’s what to look forward to on the earnings front: February 3 … Read more
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more
“I feel that there is tremendous amount of interest outside the banking space and that is again very important because the market is broadening, the sectors are broadening, the themes that are playing out a lot more and this is very important because this makes the longer-term trend much more solid and robust,” says Atul … Read more