Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to Rs 125.5 in Wednesday’s trade on BSE after the firm announced a partnership with Indian Overseas Bank (IOB) to co-finance renewable energy projects in India. “Indian Renewable Energy Development Agency and Indian Overseas Bank have joined hands by signing a memorandum of … Read more
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more
New Delhi: The Life Insurance Corporation of India on Thursday reclaimed market capitalisation of Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourses. The stock jumped 5.34% to close at Rs 785.50 apiece on the BSE. On the NSE, LIC shares climbed 5.25% to settle at Rs … Read more
Mumbai: The recent rush of initial public offerings (IPOs) in the Indian market has ensured that investment banks (i-banks) have seen better fee income generation in recent months. Bankers have seen their fee income grow by a sharp 36% to ₹509.2 crore in H1FY24, data analysed by ET showed. So far this fiscal, 19 companies … Read more
Life Insurance Corporation of India (LIC) on Thursday presented a dividend cheque of Rs 1,831.09 crore to Finance Minister Nirmala Sitharaman. LIC Chairman Siddhartha Mohanty presented the dividend cheque as the government’s share of dividend in the presence of Department of Financial Services Additional Secretary MP Tangirala, the insurer said in a statement. The dividend … Read more
Life Insurance Corporation of India (LIC), part of the life insurance sector, didn’t have a good run post its listing in May 2022 but a recent breakout from an inverse head & shoulder pattern as well as its falling trendline since its IPO gives an indication that bulls could take control. The stock fell more … Read more
MUMBAI – “Life is what happens when you’re busy making other plans,” a line by musical superstar John Lennon, is something Sonia Dasgupta easily relates to while thinking about her aspirations in the early days. Dasgupta, who has made it big in the world of investment banking during her over two-decade stint in JM Financial, … Read more
After Life Insurance Corporation of India (LIC) posted a standalone net profit of Rs 13,428 crore in Q4 FY23 on Wednesday, a number of top brokerages retained their bullish views on the stock. While Motilal Oswal maintained a ‘Buy’ rating on the stock, Emkay recommended a ‘Hold’. Meanwhile, Axis Capital and JM Financial also maintained … Read more