Mumbai, July 12 (IANS) The combined market valuation of four of India’s 10 most-valued companies increased by Rs 92,995.48 crore during the last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, even as the broader equity market ended lower.During the week, the Sensex declined 194.52 points, or 0.25 per cent, while the Nifty slipped 63.95 points, or 0.26 per cent.Among the country’s 10 most-valued companies, Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance …
Latest LIC News & Updates
Mumbai, July 7 (IANS) The Central Bureau of Investigation (CBI) on Tuesday filed the first charge sheet in the Reliance Commercial Finance Ltd (RCFL) case against seven accused, including two Reliance Group companies, for causing a loss of Rs 4,097 crore to public sector banks, according to a statement issued by the investigative agency.The accused in the charge sheet, filed before the Special Judge for CBI cases, include Reliance Infrastructure Ltd and Reliance Home Finance Ltd (RHFL), and five…
Mumbai, June 30 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) Chairperson Ajay Seth on Tuesday said that the regulator will soon issue fresh guidelines for banks to stop miss-selling of insurance products.Addressing the media at an event here, IRDAI chief stated that the ‘Bima Sugam’ platform is likely to be launched by September this year covering motor, health and term insurance. The website will kickstart with motor insurance, then move on to health and eventually…
New Delhi, June 24 (IANS) Retail shareholders have until Wednesday to buy Life Insurance Corporation of India (LIC) shares to qualify for the insurer’s dividend payout, with June 25 fixed as the record date.State-owned LIC has announced a final dividend of Rs 10 per equity share, as per an exchange filing from the company.Under India’s T+1 settlement cycle, shares must be purchased by June 24 to be reflected in the investor’s account on the record date.The insurer had reported a 23.2 per cen…
New Delhi, June 22 (IANS)The Central Bureau of Investigation (CBI) has arrested Reliance Commercial Finance Limited’s (RCFL) former Director and Chief Executive Officer Devang Mody, and Reliance Home Finance Limited’s (RHFL) former Executive Director and Chief Executive Officer Ravindra Sudhalkar, in connection with the ongoing investigation into the Anil Ambani-run Reliance ADA Group cases, the investigative agency announced on Monday.The investigation has revealed that the accused persons dive…
Kolkata, June 9 (IANS) West Bengal police on Tuesday conducted a search at Suruchi Sangha club in south Kolkata, which has been at the centre of controversy following the arrest of Swarup Biswas, brother of former state minister Aroop Biswas, in a molestation case.The investigators took the arrested Swarup to the club on Tuesday afternoon. Earlier, central forces had cordoned off the Suruchi Sangha premises and adjoining areas in New Alipore.Former minister Aroop Biswas is currently absconding, …
Mumbai, June 4 (IANS) Shares of Rajesh Exports plunged 5 per cent and hit the lower circuit on Thursday after the Securities and Exchange Board of India (SEBI) issued an interim order against the company and its promoter Rajesh Mehta, alleging extensive financial irregularities, lack of cooperation during the investigation and possible overstatement of revenues.The stock touched a lower circuit at Rs 104.65 — a decline of 4.99 per cent from the previous close — on the BSE after SEBI flagged pr…
Mumbai, June 1 (IANS) The CBI has arrested top executive of Reliance Communication Group, Amitabh Jhunjhunwala for causing a loss of over 6,000 crore to an SBI-led consortium of banks. He was the Group Managing Director of Reliance Communications group at the relevant time and was controlling the affairs of important functions like corporate finance, banking and utilisation of funds, according to a CBI statement issued on Monday. Jhunjhunwala coordinated with senior formations of the bank for lo…
Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…
Mumbai, May 21 (IANS) Government-owned Life Insurance Corporation (LIC) on Thursday reported a 23 per cent growth in its consolidated net profit at Rs 23,467 crore in the fourth quarter of the financial year 2025-26, compared with Rs 19,039 crore in the same period of the previous year.The LIC board recommended final dividend of Rs 10 per equity share of Rs 10 each (equivalent to Rs 20 per equity share pre-bonus issue basis).The record date for determining the eligibility of the investors for…