The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of … Read more
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. “The Indian equity market recorded its steepest … Read more
The Life Insurance Corporation of India (LIC) has introduced the Golden Jubilee Scholarship Scheme 2024 to assist students from underprivileged backgrounds in pursuing higher education and securing employment opportunities. The deadline for submitting applications is December 22, 2024. Eligible candidates include students enrolled in government or private universities, as well as those pursuing technical and … Read more
Shares of the state-owned insurer Life Insurance Corporation of India (LIC) jumped 2.4% to Rs 938.45 on the BSE as the company eyes an acquisition of as much as 50% stake in ManipalCigna Health Insurance, seeking an entry into the market for medical expenses coverage. ManipalCigna is a joint venture between Manipal Education & Medical … 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
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
Mumbai : Life Insurance Corporation of India (LIC), the country’s largest insurer, is changing its growth strategy.The June quarter performance shows a clear focus on growth, even as it impacts margins. In the first quarter of FY25, LIC reported a 24% year-on-year increase in its value of new business (VNB) to ₹1,600 crore, largely driven … Read more
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more
State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender’s shares at a price of Rs 80.63 apiece. The total cost of acquisition is Rs 1,500 crore. The number of shares have been raised from 1.42 crore to 20 crore on a preferential basis, … Read more
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent. While HDFC Bank, ICICI Bank and Infosys were the gainers from … Read more