On Monday evening, LIC revealed that it recorded net profit of ₹40,676 crore in FY24 compared to ₹36,397 crore in FY23, on the back of higher income from renewal premium (one earned from existing policies that are older than 12 months), better income from investment activities, and a slight increase in value of new business …
Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50, ended the day higher for the third straight session on Friday amid mixed global cues. On Friday’s session, the 30-share BSE Sensex ended higher by 190.75 points or 0.26% at 72,831.94 level while the Nifty 50 closed at 22,096.75 level, up …
Life Insurance Corporation of India (LIC) will be announcing its December quarter results today. The life insurer’s board would also consider paying interim dividend for FY24. Emkay Global expects LIC to report a 12.2 per cent year-on-year (YoY) rise in profit at Rs 7,108.70 crore for the December quarter compared with Rs 6,334.20 crore in …
LIC share price today: Life Insurance Corporation of India (LIC) has surpassed State Bank of India (SBI) in terms of market capitalization, becoming the most valued PSU stock in India. This comes after a 9% stock rally in the past week.LIC shares witnessed a surge of over 3% and reached a new 52-week high of …
MUMBAI: The Life Insurance Corporation of India has informed stock exchanges that it has received a refund order for Rs 25,464 crore, but faces three income tax demand orders which could result in an outgo of Rs 2,765 crore, which it will contest with the IT commissioner.The refund will come as a boost for policyholders …
Life Insurance Corporation of India (LIC) has trimmed its stake in Engineers India, a leading global engineering consultancy and EPC company, by about 2% through open market. The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to …
Image Source: FILE R Doraiswamy named as LIC’s next managing director Life Insurance Corporation of India (LIC) announced on Monday that R Doraiswamy has been appointed as the managing director. Currently serving as the executive director at the central office in Mumbai, Doraiswamy will assume office on or after September 1, 2023, until August 31, …