Life Insurance Corporation (LIC) on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. Currently, government holding in LIC is 96.50 per cent, while public holding is 3.50 per cent.
Posts tagged Rediff
Exports up 1%; trade deficit widens to 4-month high (15-05-2024)
India’s merchandise exports in April 2024 marginally rose to $34.99 billion from $34.62 billion in the year-ago month, according to government data released on Wednesday. Imports too increased to $54.09 billion from $49.06 billion in April 2023.
‘We’ll Have 50K People Trained On GenAI’ (15-05-2024)
‘We’re putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.’
Smartphone mkt up 11.5%; Apple tops premium sector (15-05-2024)
India’s smartphone shipment grew by 11.5 per cent in the first quarter of calendar year (CY) 2024 on a year-on-year basis to 34 million units. This is the third consecutive quarter of growth in shipments, International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker said.
‘Election Results Won’t Impact Markets’ (15-05-2024)
‘If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.’
Volume recovery crucial for Marico’s growth in FY25 (15-05-2024)
Marico’s January-March quarter (Q4) results were slightly better than consensus. Revenue was up by 1.7 per cent year-on-year (Y-o-Y) to Rs 2,280 crore. Ebitda grew by 12.5 per cent Y-o-Y to Rs 440 crore. Adjusted PAT was up 10.3 per cent Y-o-Y to Rs 320 crore.
‘No impact of elections on commercial vehicles market’ (15-05-2024)
‘In April, we saw a 10 per cent growth in our own volumes.’
‘MSMEs, mid-corporate will be focus for loan growth’ (15-05-2024)
‘As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.’
‘In three years, we want to reach 1 mn direct outlets’ (15-05-2024)
‘Our target will come from rural areas as there are more outlets there.’
Street gives big-hearted welcome to Britannia (15-05-2024)
FMCG major Britannia Industries’ results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.