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LIC shares soar 6% on plans to enter health insurance market
LIC's shares surged 6% on plans to enter the health insurance market. The stock is trading at Rs 1074 on NSE, up 4.55%. LIC aims to acquire a standalone health insurance company to expand its market presence.
LIC shares can rally up to 30%; check target prices of 5 brokerages
Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.
JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.
Government to get Rs 3,662 crore from LIC as dividend
The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.
RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Stocks in news: LIC, Vedanta, IRCTC, RITES, NALCO, Adani Energy Solutions, Timken, CMS Info Systems
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
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LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share
LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.
Kotak Mahindra Bank net up 18% in Q4
Kotak Mahindra Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer, on Saturday.
RBI's ban to impact reputation of Kotak Mahindra Bank more than financial: Ashok Vaswani
"What is evident is that our efforts have fallen short of what the regulator expects. My commitment is to further accelerate our efforts and investments. Winning back the trust and reputation with our customers and regulators is number one priority for me and management,” Vaswani said after a board meeting to discuss March quarter earnings.
Nagaland: Nirmala Sitharaman asks bankers to open more branches in remote areas
The Finance Minister said that under the tax devolution, the state got Rs 13,782 crore in 2014-2019 from the center while it received Rs 3,844 crore in 2009-2014.
FM Sitharaman highlights need for investment, funding in Nagaland
Tax devolution to Nagaland has increased to Rs 13,782 crore under the NDA government, she added, as compared to Rs 3,844 crore under the previous UPA regime. Grants for Nagaland in 2022-2023 were at Rs 4,773 crore. The Central government has so far released Rs 245 crore for Kohima, the lone city from Nagaland selected for Smart Cities Mission.
SGX Nifty down 5 points; here's what changed for market while you were sleeping
Asian stocks opened mostly lower, falling into negative territory in early trade on Friday after opening higher, tracking slumps on Wall Street. MSCI's index of Asia-Pacific shares outside Japan was down by 0.12 per cent.
Stocks in the news: Adani Group stocks, TechM, NMDC, KPIT Tech, TTML and autos
HDFC, Adani Green, Dabur, Adani Total Gas, Dabur, Tata Consumer, Jubilant Foodworks, Indian Overseas Bank, Zee Entertainment, and M&M Finance are among the companies that will announce their December quarter results today
Bosch Ltd. shares up 1.06% as Nifty gains
A total of 5,712 shares changed hands on the counter till 12:36PM (IST).
Market Movers: YES Bank, TaMo see sudden rally; Avanti tanks, 93 stocks at 52-week highs
BSE benchmark Sensex continued to rally for the third day and vaulted 353 points to 41,142.
Indirect tax collections up 4.6% in April-August
Indirect tax mop up inched up by 4.6 per cent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.
March 25, 2014: Mecklai Financial report on rupee
The Rupee should be bought against the dollar for a target of 60.20 by the end of the financial year. Keep selling the upticks on the dollar would be the recommendation for the day.
December 27, 2013: Mecklai Financial report on rupee
The local unit continues to trade range bound on account of low volumes. Still awaits a break out above or below 62.20 or 61.70 levels for further direction. A spike could be seen today on account of currency future expiry for the current month.
December 18, 2013: Mecklai Financial report on rupee
A break out only and only above 62.25 levels on continuous note would be bullish for higher targets near 62.50 and 63.20 levels. The final direction would be seen after the RBI and Fed policy announcement.
Bhushan Steel's Q1 profit up 20 per cent at Rs 205 cr
Domestic steel producer Bhushan Steel today reported a jump of about 20 per cent in its net profit at Rs 205.7 crore in the first quarter ended June 30, over the same period last year.
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