Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs …
Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized …
Zee Entertainment Enterprises on Tuesday clarified that it has not indulged in any negotiations with Sony over the merger deal, the company said in an exchange filing. It said, “We would like to clarify that the company has not involved in any negotiations, or any other event as stated in the above-mentioned article, and we …
Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, has received approval from the Reserve Bank of India (RBI) to increase its stake in HDFC Bank, the largest private lender in India. RBI has allowed LIC to acquire an additional 4.8% stake in HDFC Bank, raising its total stake to 9.99% by January …
LIC shares on Friday rallied 7.2% to hit a fresh 52-week high of Rs 820 on BSE after the Finance Ministry granted an extension to the PSU insurer for complying with 25% minimum public shareholding (MPS) norms till 2032. Sebi rules mandate all listed companies to maintain 25% public float but newly-listed companies are granted …
All about the product Jeevan Utsav is a non-linked, non-participating, savings whole life insurance plan. This implies that the policy payouts are not linked to stock market movements or the company’s profits. The payout though is guaranteed. Also, the policy will be in force for the entire life of the subscriber. And in case of …
New Delhi: The Life Insurance Corporation of India on Thursday reclaimed market capitalisation of Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourses. The stock jumped 5.34% to close at Rs 785.50 apiece on the BSE. On the NSE, LIC shares climbed 5.25% to settle at Rs …
Equity indices closed with modest losses for the second straight session on Friday. The 30-share BSE Sensex declined 47 points to settle at 65,970, while the Nifty slipped 7 points to end at 19,794. Stocks that were in focus included names like Paytm, which fell 3.08%, LIC, which rose 9.7%, and Balrampur Chini Mills, whose …
Brokerage firm Investec has a buy rating on BSE Ltd. Emkay upgraded LIC to buy, and CLSA maintained a buy on Ashok Leyland and on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on BSE: Buy| Target Rs 2345Investec maintained a buy rating on …
Mumbai: The next four months could see a massive supply of shares, potentially reaching up to $12 billion from about 40 companies, excluding state-owned firms that went public in the last two years. This surge arises as various lock-in periods are set to expire for both promoters and investors who participated in pre-IPO placements. Market …