LIC Q4 profit drops 18% on lower surplus

Life Insurance Corporation of India has reported a profit of Rs 2,372 crore for the quarter ended March 2022 — a decline of 18% over Rs 2,896 crore in the corresponding quarter of previous year due to a lower transfer to shareholder accounts from policyholders’ funds.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PReTXS3

Comments

Post a Comment

Popular posts from this blog

Centre’s spend may rise by Rs 2 lakh crore in current fiscal

Image
Just three weeks into the new financial year, the Centre is staring at additional expenses of around Rs 2 lakh crore, primarily on account of higher food and fertiliser subsidies. What’s more, further pressure is building up due to a surge in commodity prices following the Russia-Ukraine conflict. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IfNkcPD
Read more

FPIs infuse Rs 9,000 crore in equities in November; inflow in debt at 6-year high

Image
FPIs returned to Indian markets in November, investing Rs 9,000 crore amidst falling US treasury bond yields and resilient domestic market. Additionally, they made a net investment of Rs 14,860 crore in the debt market, the highest level in six years. The upcoming state election results will influence FPI response, and a favorable outcome could lead to a market rally. The recent inflow can be attributed to fluctuations in US Treasury yields, crude oil prices, and positive IPO listings. The US Fed's cautious approach towards interest rates and low chances of further rate hikes have also boosted market sentiments. FPIs have invested Rs 1.15 lakh crore this year, and the inclusion of Indian G-Sec in the JP Morgan Government Bond Index Emerging Markets has attracted foreign funds to the Indian bond market. Financials may be a preferred sector for FPI investment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https:...
Read more

Sebi to review norms for penalty disclosure

Image
Sebi, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, regardless of the amount, which has increased compliance burden. Previously, companies had discretion in disclosing fines. Critics argue that reporting even insignificant penalties, such as those representing a tiny fraction of a company's market capitalization, leads to unnecessary compliance burden and obscures truly significant disclosures. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ps8pq2r
Read more