The combined market valuation of eight of the top-10 most valued domestic firms eroded by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the biggest hit, amid a largely bearish trend in equities. Last week, the BSE benchmark index declined by 444.71 points or 0.51 percent. From the top-10 pack, Reliance … Read more
The combined market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, … Read more
The Centre plans to introduce a bill in the upcoming Winter session of Parliament to raise foreign direct investment (FDI) in the insurance sector to 100 per cent. The Winter session will run for 15 days, from December 1 to December 19. A Lok Sabha bulletin states that the Insurance Laws (Amendment) Bill 2025 is … Read more
LG Electronics India made a blockbuster entry on Dalal Street, listing at a stellar 50% premium over its issue price of Rs 1,140. The debut not only rewarded investors handsomely but also created history among India’s Rs 10,000-crore-plus IPOs — a league where most large issues have struggled to maintain listing momentum. The previous record … Read more
“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