The government is nudging LIC to tweak its product strategy to maximise profitability in a bid to help the country's largest insurer realise its full growth potential and yield better returns for investors, an official said. Life Insurance Corporation (LIC) has been trading below the issue price of Rs 949 a share ever since it got listed on stock exchanges on May 17. It listed at Rs 872 apiece on NSE. On Tuesday, the scrip settled at Rs 595.50, down 0.72 per cent over the previous close.
'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
Punjab Kings batter Shashank Singh is preparing for the upcoming IPL season with a focus on countering the 'familiarity factor' and improving his game.
Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP respectively, points out Abhishek Upadhyay.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
Smith has rarely, if ever, doubted his own talent but even he was aware that his spell at the top of the order was proving unpopular.
'...there was a time there where it could have been 250 or 270 (run lead) or maybe even less there for a bit.'
Although UltraTech Cement's results for the December quarter of the current financial year (Q3FY25) were not an improvement compared to Q3FY24, the company managed to surpass Street expectations. The company's profit attributable to the owners of the parent dropped 17.4 per cent year-on-year (Y-o-Y) to Rs 1,469.5 crore in Q3FY25 as against Rs 1,777 crore in Q3FY24.
US President-elect Donald Trump has announced that Tesla CEO Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE). The department will be tasked with dismantling government bureaucracy, slashing excess regulations, cutting wasteful expenditures, and restructuring federal agencies. Trump has called this initiative "The Manhattan Project of the current time."
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
Simon Doull lambasted Indian batters for their poor batting performance against spinners Mitchell Santner and Glenn Phillips during the second Test
Economy to grow 6.5% in 2016 on better macro conditions, says Mckinsey.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
'By March-end, we should have closure of the PNC portfolio. After completion of PNC acquisition.'
'Gukesh displayed incredible fighting spirit, outstanding mental toughness, insane self-confidence, all qualities of a champion, and he just turned 18 at the end of May.'
Divya Deshmukh of India outclassed Bulgaria's Beloslava Krasteva to clinch the title in the World Junior Girls' chess championship
A round-up of Saturday's action in LaLiga, Ligue 1, Serie A and Bundesliga.
The Congress on Sunday termed N Biren Singh's resignation from the post of Manipur chief minister as 'belated' and said people of the state were now awaiting a visit by 'our frequent-flier Prime Minister' Narendra Modi.
With cotton still figuring in the list of commodities that are produced using practices such as child labour, the Confederation of Indian Textile Industry (CITI) has entered into an understanding with the International Labour Organisation (ILO) to create awareness, share technical know-how and knowledge about better labour standards. These standards, which are part of ILO Fundamental Principles and Rights to Work (FPRW), will be tried on a pilot basis in major cotton-growing districts of Madhya Pradesh for one year starting in 2024.
Nataraj and Desinghu are tipped to become the best male and female athletes of the Games.
Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels. Domestically, markets are grappling with several challenges, including a slowing economy, as indicated by the latest GDP data for the July-September (Q2) quarter of 2024-25 (FY25), sticky inflation, fluctuations in the rupee, waning consumption, and high interest rates.
Katich agrees that if Mitchell Marsh isn't contributing with the ball, then Australia's National Selection Panel will need to have a look at the combination considering the all-rounder's poor returns with the bat.
Equity-focused schemes may perform better in a bull market, while debt-oriented ones may offer greater stability during volatile periods.
A summary of Wednesday's Champions League Round of 16, Second Leg, matches.
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
Nakamura, who started off as the favourite in the blitz section, is in sixth spot on 13.5 points, ahead of tour leader and compatriot Fabiano Caruana who has 13 points.
The 38-year-old played the day-night Test in Adelaide and picked up one wicket.
A voter turnout of 69.69 percent was recorded in the third and final phase of voting Tuesday in the assembly elections in Jammu and Kashmir, the Election Commission said.
'The finance minister has done as much as she can when you look into the fiscal constraints she had.'
rediffGURU Dr Vinod Kumar, a kidney health specialist at the Aster RV Hospital, Bengaluru, offers advice on how to keep your kidneys healthy and functioning well.
A summary of Saturday's action in the Serie A, Ligue 1 and Bundesliga
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.
Fast-moving consumer goods (FMCG) companies are expected to witness pressure on volumes in the October-December quarter. However, price hikes will help push up revenues, said brokerages.For India's largest engineering firm, Larsen and Toubro (L&T), the analysts expect a 20 per cent growth in consolidated revenue, and an 8.1 per cent core business Ebitda margin, up 40 bps from a year ago.
Washington Sundar made a dream return to Test cricket with a sensational spell of 7/59 against New Zealand, in his first Test since March 2021.
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.
Betis's Chimy Avila hit the post with an acrobatic volley one minute later and both teams wasted several chances for the winner late on.
Chirag Chikkara created history as he became only the third Indian to be crowned Under-23 World champion.
A summary of Indian athletes' showing at the Paris Paralympics on Friday, September 6.
