State-owned Life Insurance Corporation (LIC) announced on Monday that it had signed up tech giant Infosys to develop a next-generation digital platform that will act as the foundation for new high-value business applications, such as customer and sales super apps, portals, and digital branches. The financial terms of the deal remain undisclosed. The tie-up with Infosys is part of LIC's "long-drawn" strategy, said a senior executive of India's biggest insurer, who noted that the IT giant "won the bid to develop the next-generation platform through a request for proposal (RFP) process".
'Sometimes, you are a good player, and you haven't made it. I think they have done very well for India.'
A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank's share price on Friday (October 25). Contingency provisions are generally made when a lender expects more bad loans in the coming quarters. Shares of the bank on Tuesday (October 29) declined 1.53 per cent to settle at Rs 1,038.2 apiece on the BSE.
100 of the 1,198 candidates are women.
Surprisingly, the BJP's nearest rival in ad spend was not the Congress, but the Bharat Rashtra Samithi.
Afghanistan registered a stunning 21-run win for their first ever victory against Australia in international cricket.
It holds 14.5 million ADS of the BPO.
'Margins will be an outcome of that. They will likely remain somewhat range-bound.'
Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop.
87 seats will go to the polls across 13 states and Union Territories in the second phase of the Lok Sabha election on Friday, April 26, 2024.
Outgoing SBI chairman Dinesh Kumar Khara on Saturday said the country's largest lender's net profits in the past four years under him have been higher than the cumulative figures for 64 years before that. However, Khara rued that the bank having a huge network of over 22,000 branches, and ammunition in terms of reserves and product suite, is not getting the "right value".
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
The Sensex opened with a negative gap of 22 points at 6,629, which nearly turned out to be the high for the day. Sustained selling across-the-board saw the index plunge to an intra-day low of 6,335 - a drop of 316 points from the previous close.
From its highs over the past month, the stock of Procter & Gamble Hygiene and Healthcare fell 7 per cent before recovering this week. The stock has been an underperformer over the last year and has traded flat over this period.
Ricky Ponting advised star batters Virat Kohli and Steve Smith to stop trying hard to rediscover their best and pushing themselves too hard and just focus on watching the ball and scoring runs.
Nepal's hopes were briefly raised when Netherlands were reduced to 80-4 in the 16th over but O'Dowd and Bas de Leede (11 not out) shared an undefeated 29-run partnership to take the team home.
The country's gross GST collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent year on year driven by a strong increase in domestic transactions and imports. GST collections breach landmark milestone of Rs 2 lakh crore, the finance ministry said in a statement.
Mumbai Indians skipper Hardik Pandya has been fined Rs 12 lakhs for his team maintaining a slow over rate during their thrilling nine-run victory over Punjab Kings in the Indian Premier League.
The news of Dixon Technologies (India)'s tie-up with HP in addition to its existing Lenovo and Acer partnerships has led to a 5 per cent stock uptick since the start of the week. Dixon can target roughly 60 per cent of India's addressable IT hardware market with these contracts. Dixon targets Rs 48,000 crore in revenue from IT hardware under the PLI scheme over the next six years.
The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.
The draft of the anti-rape bill, scheduled to be tabled by the Mamata Banerjee government in the West Bengal assembly on Tuesday, proposes capital punishment for persons convicted of rape if their actions result in the victim's death or cause her to become vegetative.
IMAGES from Day 4 of the 2nd Test between England and Sri Lanka, at Lord's, on Sunday.
AAP leader and party's Surat Lok Sabha president Rajnikant Vaghani demanded that either Kumbhani be booked on the charges of forgery or his proposers be booked for giving false declaration on oath.
All eyes will be on star India batter Virat Kohli, who is perhaps battling the biggest form crisis of his career.
The CM also said that to prevent the sale of land from the indigenous communities like tribals and Adivasis to others in undivided Goalpara district, a strong law will be brought.
Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of Statistics and Programme Implementation. The net household savings peaked at Rs 23.29 lakh crore in 2020-21.
Passenger vehicles wholesales in India rose 1.3 per cent year-on-year to 335,629 units in April, automobile industry body SIAM said on Tuesday. The passenger vehicle (PV) dispatches from companies to dealers stood at 331,278 units in April 2023.
The number of stocks trading below their paid-up values is increasing rapidly after the Bombay Stock Exchange Sensex corrected 44 per cent from its all-time high.
Roundup of matches across the country in the ongoing BCCI Ranji Trophy
While other backward classes had a share of 9 per cent, there were no scheduled tribe billionaires.
Sri Lanka completed a 2-0 series sweep against Bangladesh on Wednesday after winning the second Test in Chattogram by 192 runs despite Mehidy Hasan Miraz's gallant resistance.
Bajaj Auto Ltd has posted a 19.2 per cent increase in the motorcycle sales at 82,239 units in June 2003, compared to 68,965 units sold in the same period last year.
The Punjab Kings fought their hearts out but went down by four wickets against Royal Challengers Bengaluru at the M.Chinnaswamy Stadium, Bengaluru on Monday.
Could the Chennai Test against Bangladesh this week be Ravichandran Ashwin's last Test in front of his home fans?
The change in Anantnag's demographic after delimitation has added layers of political complexities to the constituency with Pahari-Gujjar, Jammu versus Kashmir dimensions.
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
Rohit Sharma achieved another significant milestone in his already impressive career by becoming the first Indian batsman to hit 300 sixes in One-day Internationals. In doing so, he joined an elite club alongside Chris Gayle (331 sixes) and Shahid Afridi (351 sixes) as one of the few to have hit more than 300 maximums in ODIs.
Naidu claimed that he never saw such a situation like how it was when Reddy, the YSRCP chief, ruled during the past five years.
