Friday, November 22

Tag: lic

LIC exempted from public stake rule
22Dec By adminNo Comments
Business

LIC exempted from public stake rule

NEW DELHI: The government has granted a one-time exemption to LIC to achieve 25% minimum public shareholding (MPS) within 10 years, the state-owned insurer said on Thursday. The country's largest insurer LIC was listed in May 2022. The government had sold over 22 crore shares, or a 3.5% stake in LIC, through an IPO. The government currently holds 96.5% stake in the company. Earlier this year, the government had amended the regulation so that listed state-run companies, including banks, will not need to comply with the rule requiring an MPS of 25% even after their privatisation, if the government decides so "in public interest". The exemption to the MPS rule was earlier available only to government-controlled companies.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaig...
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Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh
12Dec By adminNo Comments
Business

Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh

Stock market LIVE updates: Underperforming firm global momentum, Indian equities started on a tepid note on Tuesday. The S&P BSE Sensex was at 70,014 level, up 85 points or 0.12 per cent. The Nifty50, on the other hand, hit a record high of 21,038 level, up 41 points or 0.17 per cent.  HDFC Life, Hindalco, M&M, Hero MotoCorp, SBI Life, JSW Steel, Tata Steel, Adani Ports, ITC, Grasim, Tata Consumer Products, Bajaj Auto, Adani Enterprises, and BPCL were the top gainers on the 50-pack index, up between 0.5 per cent and 1.7 per cent. On the other hand, ONGC, Infosys, L&T, Apollo Hospitals, Bharti Airtel were the top laggards, down up to 1 per cent. In the broader market, the BSE MidCap and SmallCap indices were ruling 0.28 per cent and 0.52 per cent highe...
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M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers
10Dec By adminNo Comments
Business

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80. HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation. HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insuran...
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Lic Shares: LIC shares rally on Adani portfolio
8Dec By adminNo Comments
Business

Lic Shares: LIC shares rally on Adani portfolio

MUMBAI: Shares of LIC hit a 52-week high in the NSE on Thursday before retreating to close at Rs 785. Analysts attributed the increase to the rally in the value of Adani group companies’ stocks, in which the corporation has a substantial shareholding.Shares of LIC have been rallying for the last fortnight, gaining nearly 30% from Rs 608 on November 22.LIC holds stakes in sevenAdani Group companies, including 9% in Adani Ports & Special Economic Zone and 4.2% in Adani Enterprises, which has gained 16% from its lows.The Adani Group companies have witnessed a significant rally in the last four months.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (function(f, b, e, v, n, t, s) { if (...
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LIC amends norms for inclusion of shareholders’ directors on its board
2Dec By adminNo Comments
Business

LIC amends norms for inclusion of shareholders’ directors on its board

State-owned insurer LIC on Saturday said it has amended a framework to allow the induction of shareholders' directors on its board. LIC was listed on bourses following the largest initial public offering in the Indian capital market last year. The government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the insurer. Life Insurance Corporation of India (shareholders' director) Regulations, 2023, was notified in the Gazette of India on December 1, 2023, LIC said in a regulatory filing. The corporation would, upon notice of not less than one thousand shareholders or one-tenth of the total number of shareholders, whichever is lower, elect a shareholders' director through a general meeting of such shareholders, the regulation said. The person e...
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Stocks to Watch: LIC, Coal India, Tata Steel, Eicher Motors, Future Retail, and Others
13Nov By adminNo Comments
Business

Stocks to Watch: LIC, Coal India, Tata Steel, Eicher Motors, Future Retail, and Others

Last Updated: November 13, 2023, 08:44 ISTStocks To Watch On November 13: Equity markets were off to a strong start in the special Muhurat trading session on Sunday as optimistic investors dismissed mixed cues from global markets. Analysts expect the current bullish momentum to continue in the near future, albeit with some hiccups on the way.Q2FY24 earnings today: Grasim Industries, Narayana Hrudayalaya, Manappuram Finance, NRB Bearings.Protean eGov Technologies: Shares of Protean eGov Technologies will list on the bourses on November 13, 2023.Sun TV Network: The television broadcaster’s consolidated net profit rose 14 per cent year-on-year (Y-o-Y) to Rs 464.54 crore in the July to September quarter (Q2FY24). The revenue from operations surged 26.98 per cent to Rs 1,048.45 croreEicher Mot...
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