The combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers. Last week, the BSE Sensex appreciated by 1,346.5 points, or 1.62 per cent, and the NSE Nifty rose 417.75 points, or 1.64 per cent….
Mumbai: Mahindra & Mahindra (M&M), India’s biggest SUV maker with diversified interests, would now enter the life insurance business through a 50:50 joint venture with Canada-based financial services group Manulife. This would be the second Mahindra partnership with the global insurer after their 2020 asset management tie-up. Under the agreement, both partners will commit up…
Life Insurance Corporation of India (LIC) will announce its September quarter results on Thursday, where the country’s largest life insurer is expected to report an up to 10% year-on-year drop in its Annual Premium Equivalent (APE) – a key sales metric. Its range is pegged at Rs 14,840 crore to Rs 16,380 crore according to…
Life Insurance Corporation of India (LIC) attracted strong investor interest on the first day after the government scrapped goods and services tax (GST) on individual traditional life insurance policies. The insurer drew inflows of over Rs 1,100 crore in a single day, according to reports. This development is significant as LIC usually receives around Rs…
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points,…
Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year. The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement. The dividend…