Thiruvananthapuram, July 10 (IANS) In a major overhaul of the Sabarimala pilgrimage, the Travancore Devaswom Board (TDB) on Friday announced a series of sweeping reforms, including complete digitisation of pilgrim services, AI-based crowd management and a significant expansion of online accommodation booking, ahead of the two-month annual pilgrimage season beginning in the middle of November. Announcing the measures, TDB President K. Jayakumar made it clear that the Ayyappa Sangamam would no lon…
Latest Life Insurance Corporation of India News & Updates
Mumbai, July 5 (IANS) The combined market valuation of six of India’s 10 most-valued companies rose by more than Rs 1 lakh crore last week, led by a sharp gain in Bharti Airtel, as benchmark equity indices extended their winning streak amid sustained investor optimism.The rally came as the Sensex advanced 663.44 points, or 0.86 per cent, during the week, while the Nifty gained 214.85 points, or 0.89 per cent.Among the top gainers, Bharti Airtel recorded the biggest increase in market valuation, …
New Delhi, July 4 (IANS) The Central Bureau of Investigation (CBI) on Saturday said that it has arrested Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd, in connection with the ongoing investigation into the Reliance ADA Group cases.According to the CBI, the investigation has revealed that Amit Bapna — who served as Chief Financial Officer of Reliance Capital Ltd from August 2014 to December 2019 — was one of the key decision-makers responsible for managing the financial aff…
Mumbai, June 28 (IANS) The combined market capitalisation of six of India’s 10 most-valued companies increased by Rs 88,678 crore during the holiday-shortened week.During the week, the Sensex advanced 297.57 points, or 0.38 per cent, while the Nifty rose 42.9 points, or 0.17 per cent.Among the top-valued firms, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro registered gains in their market capitalisation, while Bharti Airtel, Tata Consultancy Services, Life Ins…
New Delhi, June 26 (IANS) The Central Bureau of Investigation (CBI) on Friday arrested a manager of the Punjab National Bank’s Bhadrauli Branch in Agra’s Barhan, Uttar Pradesh, in connection with an alleged bribery case. According to the CBI, the case was registered on June 25, based on a complaint filed by an employee of a private company. It was alleged that the bank manager demanded illegal gratification of Rs 7,000 per loan file to process and clear around 19 solar panel loan applications.Th…
New Delhi, June 25 (IANS) The Central Bureau of Investigation (CBI) held a coordination meeting with the Department of Financial Services (DFS) and Chief Vigilance Officers of public sector banks, IDBI Bank and Life Insurance Corporation of India here on Thursday on measures to expedite investigations into bank fraud cases, according to an official statement. The meeting was attended by the Department of Financial Services Secretary Sanjay Lohiya, the CBI Additional Directors A.Y.V. Krishna and …
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 government on Monday trashed reports that it was planning an offer for sale of shares in Cochin Shipyard Ltd as part of the disinvestment programme. “No stake sale is planned in Cochin Shipyard at present,” a Finance Ministry official said, The clarification came after media reports, citing sources, said the Centre was considering an offer for sale (OFS) of a 6 per cent to 8 per cent stake in Cochin Shipyard. The reports said the transaction could raise more than Rs…
Mumbai, June 14 (IANS) The combined market valuation of eight of India’s 10 most-valued companies surged by Rs 1.90 trillion last week, driven by a strong rally in domestic equities.The positive momentum came as benchmark indices posted solid gains during the week. The Sensex climbed 1,284.61 points, or 1.73 per cent, while the Nifty advanced 256.2 points, or 1 per cent.Market sentiment remained upbeat amid optimism over a possible peace agreement between the United States and Iran, which raised…
Mumbai, June 7 (IANS) The combined market valuation of seven of the country’s top-10 most valued companies declined by Rs 1.25 lakh crore last week.During the same period, the Sensex fell 532.4 points, or 0.71 per cent, while the Nifty slipped 181.05 points, or 0.76 per cent.Among the major laggards, Reliance Industries Limited saw the sharpest erosion, with its market capitalisation falling by Rs 39,718 crore to Rs 17,47,321.40 crore.The stock continued to remain the most valued listed compan…