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Mumbai: The Central Bureau of Investigation (CBI) has initiated a probe against an administrative officer with the Life Insurance Corporation of India (LIC) on the allegations that he misappropriated the funds of LIC by dishonestly transferring the same to the accounts of third parties and later on transferred to his own account and also tried to destruct the related records of LIC for concealing evidence. According to the CBI, it is alleged that during the period of July 2023 and January 2024, ...Read More >
New Delhi, Jul 10 (PTI) Life Insurance Corporation (LIC) has reported a 14.60 per cent year-on-year (YoY) increase in individual premium in June 2025, higher than 12.12 per cent growth in premium income of private life insurers, Life Insurance Council data showed on Thursday. In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for Rs 8,408 crore. During the month of June 2025, total policies issued by LIC stood at ...Read More >
Pune: Around 3,000 govt employees staged a protest at the collector's office in Pune to list their demands and criticise some of the policies taken by the central and state govt.The protest was in line with the nationwide strike against some of the policies, including privatisation and the proposed Special Public Safety Act."Employees from public sector banks, Life Insurance Corporation of India (LIC), anganwadis, Asha workers, and Bharat Sanchar Nigam Ltd (BSNL) participated in the strike," Vas ...Read More >
Shimla (Himachal Pradesh) [India], July 9 (ANI): As part of the nationwide strike called by central trade unions and farmer organisations, workers across Himachal Pradesh joined protests at district and block headquarters, bringing public services to a near halt in several areas, including the state capital, Shimla. Braving heavy rains, hundreds of workers, including sanitation staff, health workers, bank employees, and anganwadi and midday meal workers, participated in demonstrations demanding ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. Th ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
Mumbai: Domestic institutions, including mutual funds and Life Insurance Corporation of India (LIC), hold the key to allowing Subhash Chandra-led promoter entities to increase their stake in Zee Entertainment Enterprises Ltd. That's when Norges Bank, the company's largest overseas investor, has given its assent. LIC (4.49%), HDFC Mutual Fund (3.66%) and ICICI Prudential Mutual Fund (3.04%) together own over a tenth of the outstanding shares of Zee as of 31 March, making their decision crucial. ...Read More >
New Delhi, Jul 6 (PTI) 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, State Bank of India, Infosys and Hindustan Unilever Ltd were the gainers, while HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Life I ...Read More >
New Delhi, Jul 6 (PTI) 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. Also Read | Bodoland Lottery Result Today, July 05, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. In the top-10 pack, Reliance Indus ...Read More >
New Delhi [India], July 1 (ANI): The Appointments Committee of the Cabinet has approved a one-year extension for the leadership of the Financial Services Institutions Bureau (FSIB), extending their tenure until June 30, 2026. The decision affects the current chairperson and six part-time members of the FSIB, whose terms were set to expire on June 30, 2025. The extension will be effective from July 1, 2025, or until further notice, whichever comes earlier. Bhanu Pratap Sharma, former Secretary ...Read More >
Hyderabad: International Asteroid Day (IAD) is observed on June 30 every year to raise public awareness of asteroids and the importance of defending Earth against potential threats from the asteroid belts. This day has been sanctioned by the United Nations. Asteroids are small, rocky objects that orbit the sun. Even though these rocky remnants are the leftovers from the formation of our solar system that occurred about 4.6 billion years ago, they still orbit around the sun like planets. There a ...Read More >
Mumbai, June 30 (SocialNews.XYZ) Shares of IDBI Bank rose by 4 per cent to Rs 105 apiece on Monday after reports suggested that the government is preparing to invite financial bids for the lender. This move signals fresh momentum in the much-delayed disinvestment process of the bank. However, the share price consolidated later and was trading at Rs 104.26, up by Rs 2.94 or 2.90 per cent on the National Stock Exchange (NSE) around 1:50 p.m. The bank was yet to comment on the reports. Accordin ...Read More >
Mumbai, June 29 (SocialNews.XYZ) Nine out of India's 10 most valuable companies saw a combined increase of Rs 2.34 lakh crore in market capitalisation this week, as strong momentum in the stock market pushed their valuations higher. The BSE benchmark index also posted a solid gain of 1,650.73 points, or 2 per cent, during the week. Among the top gainers was Bharti Airtel, whose market value went up by Rs 51,860.65 crore to Rs 11.56 lakh crore. HDFC Bank added Rs 37,342.73 crore to reach a val ...Read More >
Mumbai: A sharp rebound in the equity market last week propelled the combined market capitalisation of nine of the top-10 most valued Indian firms by Rs 2,34,565.53 crore. The BSE benchmark Sensex gained 1,650.73 points or 2 per cent over the week, reflecting broad-based buying interest. Reliance Industries Tops the Gainer List Reliance Industries emerged as the biggest contributor to the market cap gains, adding a whopping Rs 69,556.91 crore. Its valuation now stands at Rs 20,51,590.51 crore, ...Read More >
New Delhi, Jun 29 (PTI) 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. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 29, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. From the top-10 pack, Infosys emerged as t ...Read More >
New Delhi, Jun 29 (PTI) 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 erosion from its valuation. The market valuation of Reliance Industries jumped by Rs 69,556.91 crore to Rs 20,51,590.51 crore, the most a ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Showcasing resilient economy amid robust policies, the collective brand value of the top 100 Indian companies reached $236.5 billion in 2025 to date, according to a new report. The 'Brand Finance India 100 2025' ranking results remain stable, reflecting a year of steady gains for major Indian brands across sectors. Tata Group has once again secured its position as India's most valuable brand ranked by becoming the first Indian brand to cross the $30 billion ...Read More >
Gurgaon: The India Meteorological Department (IMD) has issued an orange alert for heatwave conditions in the southern and southwestern parts of Punjab and Haryana from June 9 to 11, warning of a sharp rise in temperatures that could touch 43-46°C in some areas. According to the Meteorological Centre in Chandigarh, maximum temperatures across southern and western Punjab were already hovering between 40°C and 42.6°C on Sunday, with Bathinda recording the highest at 42.6°C. Meanwhile, northern and ...Read More >
NEW DELHI: Life Insurance Corporation of India (LIC) on Sunday said Sat Pal Bhanoo has been given additional charge of MD and CEO of the insurance company following approval of the department of financial services.Bhanoo will be leading the company for a period of 3 months with effect from June 8 or till assumption of charge of the post by the regular incumbent.Bhanoo is the seniormost among the four LIC MDs. The vacancy was created after the completion of the term of Siddhartha Mohanty as CEO a ...Read More >
Mumbai, June 8 (SocialNews.XYZ) The Indian stock market witnessed strong positive momentum this week, helping nine of the country's ten most valued companies collectively add Rs 1,00,850.96 crore to their market capitalisation. This rally came as the benchmark Sensex rose by 737.98 points, or 0.90 per cent, reflecting overall optimism in equities. Among the top gainers, HDFC Bank recorded a sharp rise in market valuation, adding Rs 26,668.23 crore. With this, the private sector lender's total ...Read More >
New Delhi: Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent. From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Ins ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Aff ...Read More >
New Delhi: Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent. From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life In ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, the lowest level in three years. This marks the third consecutive rate cut in 2025, bringing the cumulative reduction to 100 basis points since February. Alongside the rate cut, the central bank also reduced the cash reserve ratio (CRR) by 100 bps, unlocking ₹2.5 lakh crore worth of liquidity in the system. Sanjay Malhotra, governor, RBI said the monetary policy committee (MPC) took the decisi ...Read More >
Srinagar, Feb 10: The Life Insurance Corporation of India (LIC) announced a strong financial performance for the third quarter of fiscal year 2024-25, with consolidated net profit rising over 16% to Rs 11,008 crore. This growth represents a significant increase from the previous year's net profit of Rs 9,468.99 crore. The company's nine-month profit after tax reached Rs 29,138 crore, showing an 8.27% increase from the previous year. Total premium income expanded by 5.51% to Rs 3,40,563 crore, w ...Read More >
NEW DELHI: LIC Housing Finance has reported a growth of 22.75 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 1,434.89 crore in Q3 FY25 as against Rs 1,169 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 7,069.99 crore in Q3 FY25, a growth of 3.91 per cent from Rs 6,804.19 crore it recorded in the similar quarter ...Read More >
Jan 31 (Reuters) - India's LIC Housing Finance (LICH.NS), opens new tab reported a bigger-than-expected third-quarter profit on Friday, helped by healthy asset quality. The company said its profit after tax for the quarter ended Dec. 31 rose 23% to 14.32 billion rupees ($165.4 million). Analysts had expected a profit of 12.85 billion rupees, according to data compiled by LSEG. LIC Housing has seen an improvement in asset quality over the last few quarters, leading to lower funds being set asid ...Read More >
Temasek-backed StarAgri, a leading post-harvest management services company, has filed its draft red herring prospectus with SEBI for raising ₹450 crore through initial public offering. The IPO will feature a fresh issue of shares worth ₹450 crore and an offer-for-sale of 2.69 crore shares. Among the key stakeholders, Claymore Investments (Mauritius) Pte, a Temasek Holdings subsidiary, will offload 1.19 crore shares, with the remaining shares offered by StarAgri's promoters. The company is a ...Read More >
New Delhi, Dec 13 (PTI) Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to institutional investors through QIP issue mainly to reduce debt. In a regulatory filing on Friday, the company said it has successfully completed a capital raise of Rs 3,500 crore through a qualified institutional placement (QIP) of units. The issue was launched on December 9. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for December 13, 2024 Declared, Check Winning Numbers a ...Read More >
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