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 …
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New Delhi, March 30 (IANS) The National Stock Exchange (NSE) has initiated the process for its long-awaited initial public offering (IPO) by reaching out to existing shareholders to gauge their interest in participating through the offer for sale (OFS) route, according to sources.In a communication to investors, the exchange has invited expressions of interest (EOI) from shareholders willing to offload part or all of their holdings as part of the proposed public issue. It marks a formal step for…
Mumbai, Feb 12 (IANS) Hindustan Aeronautics Limited (HAL) on Thursday reported a strong financial performance for the December quarter of the current financial year (Q3 FY26) as the defence public sector company posted a 29.6 per cent year-on-year rise in its consolidated net profit.HAL’s profit after tax for the quarter stood at Rs 1,866.66 crore, compared to Rs 1,439.79 crore in the same period last financial year (Q3 FY25), according to an exchange filing.The company’s revenue from operat…
Ahmedabad, Dec 22 (IANS) Ambuja Cements, part of the Adani Group, on Monday said it has received approval for two separate schemes of amalgamation from its Board of Directors — to merge ACC Limited and Orient Cement Limited — thus establishing a single consolidated ‘One Cement Platform’. This consolidation is a major step for Adani Group’s cement business, creating an integrated and stronger entity with greater scale, efficiencies, and financial strength.“This consolidation represent…