The combined market valuation of 6 of the top-10 most valued firms diminished by Rs 2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark gauge declined by 294.64 points or 0.36 per cent. “Markets ended lower for the fourth straight … Read more
State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors at its meeting held on Monday approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the … Read more
Life Insurance Corporation of India (LIC) has increased its stake in State Bank of India (SBI) from 9.21% to 9.49% by participating in the bank’s recently completed qualified institutional placement (QIP). LIC acquired over 6.1 crore shares at Rs 817 each, amounting to a total investment of ₹5,000 crore.SBI on Monday allotted over 30.59 crore … Read more
The combined market valuation of six of the top-10 valued firms eroded by Rs 70,325.5 crore last week, with HDFC Bank and ICICI Bank emerging as the worst-hit in line with a bearish trend in equities. Last week, the BSE benchmark Sensex dropped 626.01 points or 0.74 per cent. In the top-10 pack, Reliance Industries, … Read more
Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities. Last week, the BSE benchmark surged 1,650.73 points or 2 per cent. From the top-10 pack, Infosys emerged as the only laggard, facing … Read more
Over the five trading sessions ending May 30, the Sensex declined by 0.33%, shedding 270 points to close at 81,451. The index posted losses on three of those five days. Despite the broader market’s weakness, five stocks from the BSE 200 managed to gain consistently across all five sessions. (Data Source: ACE Equity) Source link
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
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