Market valuation of 4 of top-10 most valued firms erode by Rs 1 lakh crore
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week.
In a report on India’s insurance sector, the global ratings agency said the industry is poised to benefit from sustained premium growth driven by robust economic momentum, rising digitisation, tax reforms and planned restructuring of the state-owned insurance sector.
LIC has sanctioned Rs 38,01,000 to Vivekananda Hospital & Research Institute from its golden jubilee foundation fund for ICU equipment and lift installation. The hospital provides free treatment to underprivileged cancer patients undergoing chemotherapy and thalassaemia patients.
LIC's net profit amounted to Rs 21,040 crore, marking a 16.36 per cent increase year-on-year (Y-o-Y), in the first six months of FY26 (H1FY26).
“LIC denies false reports by The Washington Post, reaffirming that all investments are made with integrity and due diligence,” the statement read.
J S Tolia has taken charge as the new zonal manager in charge, LIC of India, Eastern Zone. Mr Tolia Joined LIC in 1989 as direct recruit officer.
This stellar performance by nation’s largest life insurer exceeds the insurance industry’s growth of 14.41 per cent and the private life insurers’ growth rate of 14.55 per cent, the data showed.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
On the occasion, he also laid the foundation stone of the Main campus of Maharana Pratap Horticultural University, Karnal.
