Adani Enterprises FPO anchor book has been oversubscribed 1.5 times.
Market sources said there was Rs 6,000 crore allocation against a demand of Rs 9,000 crore.
The blue chip names include Maybank Asia, ADIA, LIC, HDFC Life, SBI MF, Think Investments, BNP, Socgen, Citi, Morgan Stanley, Goldman Sachs, Jupiter, Al Mehwar along with other investors, market sources said.
Despite attempts to discredit by vested interests, global markets have full faith in Adani Group, market sources...
Adani Enterprises FPO anchor book 1.5x oversubscribed
Byju's to lay off 2,500 staffers, targets profitability by March
* Edtech giant Byju’s is set to lay off nearly 2,500, or 5 per cent, of its employees as part of an “optimisation” plan. The move by India’s most valuable start-up comes amid a funding winter and steep losses.
* To avoid redundancies and duplication of roles, and by leveraging technology better, around 5 per cent of Byju’s 50,000-strong workforce is expected to be rationalised across produ...
Key Stock News: - Byju,LIC,PepsiCo, HCLTech,NSDL,Wipro - ARETE Securities
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Toyota doubles down on hybrid bet in India, low-cost models to surface soon
India's largest life insurance company, Life Insurance Corporation (LIC) reported a net profit of Rs 682.9 crore for the quarter ended June (Q1FY23), a sharp rise from a mere Rs 2.6 crore in the corresponding period last year. But on a sequential basis, the net profit was down from Rs 2,371.5 crore logged in the March quarter. In a call with the press post the release of its earnings, the insurer s...
Key Stock News -Toyota doubles, LIC sees, RIL, Larsen & Toubro commissions, PharmEasy, Adani - ARETE Securities Ltd
Key News
LIC Q1 Result | Net profit comes in at Rs 683 crore, firm sees rise in market share
India's largest life insurance company, Life Insurance Corporation (LIC) reported a net profit of Rs 682.9 crore for the quarter ended June (Q1FY23), a sharp rise from a mere Rs 2.6 crore in the corresponding period last year. But on a sequential basis, the net profit was down from Rs 2,371.5 crore logged in the March quarter. In a call with the press post the release of its earnings, the in...
Key Stock News - LIC Ltd, Aditya Birla Fashion and Retail Ltd, BPCL , NMDC Ltd, Ola Electric - ARETE Securities
Asian life insurance giant, the Life Insurance Corporation of India on Thursday said its Indian Embedded Value (IEV) as on March 31, 2022 was Rs 541,942 crore.
The embedded value in the case of a life insurance company is the current value of the company's future profits.
According to LIC officials, the IEV has been determined at Rs 541,492 crore (Rs 5,414.9 billion) as compared to Rs 95,605 crore (Rs 956 billion) as on March 31, 2021 and Rs 539,686 crore (Rs 5,397 billion) as...
LIC's embedded value estimated at Rs 5,414.9 billion
Continuing with the opening session gains, Indian equity indices rose further during the afternoon trade to close sharply higher on Tuesday.
Sensex closed at 54,318 points, up 1,345 points, whereas Nifty at 16,259 points, was up 417 points.
S. Ranganathan, Head of Research at LKP securities, said: "On a day when WPI for April crossed 15 per cent, the 2.7 per cent rise in benchmark indices coupled with the breadth of the rally surprised many on the street despite the move coming aft...
Equity indices close sharply high, Sensex up 1,345 pts, LIC falls on debut
