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.
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.
