Mumbai, May 18 (IANS) Government-owned Life Insurance Corporation of India on Monday received approval from its shareholders for the allotment of fully paid-up bonus equity shares worth Rs 6,352 crore.The shares, which carry a face value of Rs 10, are being issued in a 1:1 ratio, effectively doubling its paid-up share capital. Under this structure, shareholders receive one new bonus equity share for every one existing share held. This is the first-ever bonus issue announced by the LIC.The compan…
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Mumbai, April 22 (IANS) SBI Life Insurance on Wednesday reported a marginal 1 per cent decline in its net profit for the fourth quarter of FY26, even as premium income showed strong growth.During the quarter, the insurer’s profit after tax (PAT) stood at Rs 804.64 crore, compared with Rs 813.5 crore in the same quarter last year.On a quarter-on-quarter basis, net profit jumped by about 40 per cent from Rs 576.74 crore in the third quarter of the fiscal.Moreover, net premium income rose 16 per …