Global News

[ad_1] NEW DELHI: A year after the listing of Life Insurance Corporation ( LIC ) of India, the insurance behemoth will hold international roadshows, beginning in Hong Kong later this month. The non-deal roadshows of LIC are scheduled between June 25 and June 29, sources said, adding that the meeting will also be held in the United Kingdom (UK). These roadshows are aimed at creating awareness among global investors post-listing of LIC shares, the sources said. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. The management will urge the investors to invest in LIC scrips as the company has ...

[ad_1] Continuous foreign fund outflows played spoilsport for the domestic markets. Mumbai: Benchmark equity indices fell in early trade on Tuesday despite a firm beginning as investors preferred to remain on the sidelines ahead of the key events -- RBI's monetary policy and the US inflation data -- due later this week. Continuous foreign fund outflows played spoilsport for the domestic markets. In early trade, the 30-share BSE Sensex dipped 5.42 points to 65,948.06. The NSE Nifty went up 2.40 points to 19,599.70. Later, the BSE benchmark fell by 93.4 points to 65,860.08 and the Nifty skidded 21.05 points to 19,576.25. From the Sensex pack, Power Grid, Mahindra & Mahindra, Bharti Airtel, Nestle, HDFC Bank, Infosys, JSW Steel, Tata Consultancy Services, ITC and Hindustan Unilever were the major laggards. Titan, State Bank of India, Tata Steel, NTPC, Asian Paints, UltraTech Cement, Tata Motors and Kotak Mahindra Bank were among the major gainers. In Asian markets, Seoul and ...

[ad_1] NEW DELHI: Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier. However, the total income of the insurer during the March quarter declined to Rs 2,01,022 crore from Rs 2,15,487 crore in the same period of the previous fiscal, LIC said in a regulatory filing. LIC's income from first-year premium also came down to Rs 12,852 crore against Rs 14,663 crore in the same quarter previous fiscal. The income from renewal premiums in the reporting period rose to Rs 76,328 crore compared to Rs 71,473 crore a year ago, while the single premium decreased to Rs 43,252 crore from Rs 58,251 crore. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to Rs 35,997 crore from Rs 4,125 crore in the previous financial year. The board of LIC has recommended a final divide...

[ad_1] The Indian stock market is closed today, August 15, on account of Independence Day. There will be no trading activities in India’s stock market today. There will be no action in equity segment, equity derivative segment, SLB segment on Tuesday, according to stock market holidays 2023 list. The Multi Commodity Exchange (MCX) will also remain closed for trading on Tuesday. In the year 2023, after the Independence Day, there are six more stock market holidays left. These are Ganesh Chaturthi (September 19), Mahatma Gandhi Jayanti (October 2), Diwali Balipratipada (November 14), Gurunanak Jayanti (November 27), and Christmas (December 25). In his Independence Day message, Ashishkumar Chauhan, MD and CEO of NSE, said, “On the occasion of our Independence Day, let us remember the sacrifice and contribution of our nation’s freedom fighters who envisioned a sovereign and prosperous India. As one of the leading global economies, we stand on the cusp of transformation, growth and dev...