Sensex Today | Share Market Live Updates: Sensex, Nifty expect muted start; Gift Nity trading flat
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.
In the corresponding period of Q1FY23, LIC had reported a profit of ₹683 crore, as detailed in its regulatory filing to the stock exchange.Furthermore, LIC highlighted that its total income for the June quarter reached ₹1,88,749 crore, showcasing growth from the ₹1,68,881 crore recorded in the year-ago period. (Read More)Yusuf Khwaja Hamied, chairman of Cipla, called all reports of stake sales by the promoters as “speculative".
“I would like to inform you as the chairman of Cipla, that all the news that you are hearing is speculative and all the clarifications for this have been made to the stock exchange... And whatever information given to the stock exchange is in the public domain and is public knowledge," said the chairman during the 87th Annual General Meeting on Thursday.The 87-year-old chairman’s comments come on the back of reports that the company plans to sell 33.47% of its stake in the company to private equity players including Blackstone and Baring Asia.
(Read More)Wall Street's main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy's longer-term prospects and whether stocks had further room to run.Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%.In the first hour of trading, the three benchmark indexes advanced more than 1%
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