Reliance Infra share up on debt reduction announcement
Share of Reliance Infrastructure Ltd went up 20 per cent on Wednesday after the company announced that its external debt was down to Rs 475 crore, against the earlier Rs 3,831 crore.
Share of Reliance Infrastructure Ltd went up 20 per cent on Wednesday after the company announced that its external debt was down to Rs 475 crore, against the earlier Rs 3,831 crore.
Life Insurance Corporation (LIC) of India saw a 35.1 per cent surge in its new business premium for the month of August to Rs 19,309.10 crore, from Rs 14,292.53 crore in the same month last year, showed data by the Life Insurance Council on Monday.
The government-owned insurer's net premium income rose 16 per cent to Rs 1.14 lakh crore in the first quarter of 2024-25 as compared to Rs 98,755 crore in the first quarter of 2023-24.
The offices of the Life Insurance Corporation of India (LIC) in Bangladesh will remain closed till August 7 due to the political unrest in the neighbouring country, the company said on Monday.
Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerged as the biggest gainers.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
The LIC is grateful to all its policyholders and stakeholders who have reposed their faith in LIC for almost seven decades, the LIC said in a statement.
The overall high valuations of the market is creeping into PSU stocks too
Life Insurance Corporation of India Ltd can now own up to 9.99% stake in HDFC Bank as the Reserve Bank of India has approved the insurer’s application.
At 9.30 AM, the SBI stock declined 1.5 per cent to Rs 624, while LIC traded at Rs 896 on the BSE, up 0.2per cent.
