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LIC) unveiled its financial results for the June quarter of FY24 on August 10, revealing a remarkable surge in profitability. The corporation reported a staggering profit of ₹9,544 crore in Q1 FY24, marking a nearly fourteen-fold increase compared to the same quarter of the previous year, Q1FY23.

LIC: State-run Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders'' account as a part of accretion on the available solvency margin, according to a regulatory filing. Reliance Industries: The shares of the demerged Jio Financial Services (JFSL) have been credited to the demat account of eligible shareholders of billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), reported Economic Times on 10 August.

An earthquake of magnitude 4.3 on the Richter scale was recorded 112km SSE of Portblair, Andaman and Nicobar Island on the intervening night of Thursday and Friday, National Center for Seismology said. The tremors were felt at 02:56:12 Indian standard time (IST).

real estate empire. The Amazon.com Inc. founder, and the world’s third-richest person, agreed to pay $68 million for an estate in Indian Creek, a man-made barrier island in the larger Miami area, according to a person with knowledge of the matter.

IPO listing date has been fixed for Thursday, August 17 on NSE SME. If you applied for the shares, here's how you can check allotment status of Sangani Hospitals IPO.

IPO listing date has been fixed for Thursday, August 17 on NSE SME. If you applied for the shares, here's how you can check allotment status of Yudiz Solutions IPO. If you have applied for the Yudiz Solutions IPO, you can check your Yudiz Solutions IPO allotment status immediately on the website of the IPO registrar, Mas Services Ltd.

yields eased after the Reserve Bank of India's policy statement Thursday as traders were relieved that the central bank's choice of instrument to reduce surplus liquidity with banks did not translate into more debt supply. The RBI's characterisation of a recent jump in food prices as transient also provided comfort to the bond market by setting a high bar for future rate hikes, treasury executives said. The yield on the 10-year benchmark closed at 7.15%, 2 basis points lower than previous close.

Non-banking financial company Manapurram Finance recorded a breakout from an Ascending Triangle pattern on the weekly charts, which has opened room for the stock to head towards 168 levels – a fresh 52-week high — suggest experts.Post its witnessing breakout from the Ascending Triangle pattern on the weekly charts last week, the stock is currently hovering around the 200-WMA placed around 142 levels.A Symmetrical Triangle is commonly considered

News Corp (NASDAQ:NWSA) reported its Q4 results, with EPS of $0.14 coming in better than the consensus estimate of $0.09. Revenue fell 9% year-over-year to $2.43 billion, missing the consensus estimate of $2.48B.

By Safiyah Riddle

Investing.com — Bank borrowing from the Federal Reserve's emergency lending programs rose slightly for the week ended Aug. 9.

Mega Millions jackpot has been claimed, but the game goes on with a fresh start. The jackpot now stands at a modest $20 million, offering a cash alternative of $9.9 million. Following the successful ticket purchase for Tuesday's draw in Neptune Beach, Florida, the jackpot returns to its baseline. This reset is in contrast to the previous build-up since April. The year has witnessed six winners of the Mega Millions jackpot, including the mammoth $1.348 billion triumph in January.

Vanguard Charitable donors granted a record $2.1 billion during its 2023 fiscal year even as stocks tumbled.

textile industry is concerned that Chinese exporters are dumping cheap fibre and polyester in India ahead of the implementation of a quality control order (QCO) on a range of textile input materials, Brij Mohan Sharma, joint managing director, Rajasthan Spinning & Weaving Mills said. While bigger players have welcomed the QCO, micro, small and medium enterprises that lack a resilient supply chain are heavily dependent on imported raw material and are facing the double whammy of slowing exports and a raft of standards imposed on the industry. “Cheap quality imports from China are being dumped into India.

PAC Capital declined to provide a ratings agency with underlying data on the returns by one of its funds, a step that could damage investor confidence.

Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders account as a part of accretion on the available solvency margin, according to a regulatory filing. In the previous fiscal's June quarter, LIC's net profit was ₹682.9 crore.

ghamandiya" (arrogant) bloc of parties that he said will be routed in the elections. Modi declared that the Bharatiya Janata Party (BJP) will return to power in 2024, slammed those who brought the motion for failing to do their homework, and challenged the Opposition to bring a similar motion in 2028, at the end of a third term, just as they had done in 2018 and now in 2023, both ahead of Lok Sabha polls. “In 2018, it was God’s will that the opposition brought a no-confidence motion.

RBI's) decision to hold the repo rate for the third time in a row at 6.5% is expected to support the housing property market maintain its pace of steady growth in sales in the upcoming festive season. While interest rate-sensitive segments of affordable and low-income housing have started witnessing some impact of the rate hikes implemented earlier, any further increase may have resulted in hitting the demand in this segment. The central bank, through six successive increases since May 2022, had raised policy rates by a cumulative 250 basis points, taking the repo rate to 6.5% before hitting the pause in April.

Premier League match, Sheffield United will face Crystal Palace. Sheffield United, back in the Premier League after two seasons in the Championship, will start their campaign against Crystal Palace. The Eagles, led by manager Roy Hodgson, are looking to start their season on the right foot.

A few days ago, I alerted a friend to the excellent news that her name, Shormishtha, was the 4,213,784th most common name in the world. Eight people, presumably including her, are called that. Of those, six are in India, with one each in Canada and the US.

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