Apollo Hospitals, Hindustan Aeronautics, IRCTC, Power Grid, and LIC Housing Finance have set record dates between August 18–23, impacting investor eligibility for dividend benefits under T+1 settlement cycle.
In the first tranche, the Centre is considering selling between 2.5% and 3% of its stake in the insurance giant. Motilal Oswal and IDBI Capital are expected to act as bankers for the upcoming offer for sale (OFS).
The LIC board had recommended an interim dividend of Rs 12 per share for FY25.
TCS promoters owned 71.77 per cent stake, or 2,59,65,58,628 shares in TCS at the end of March quarter, as per latest filing. They would receive Rs 2,856 crore in total dividend.
LIC Mutual Fund’s Nikhil Rungta, who manages an AUM of Rs 12,688 crore, believes the current landscape rewards patience, discipline, and sharp stock-picking over broad-based bets.
Expressing its deep grief over the death of on-board passengers and crew members of Air India flight Al 171, LIC said is committed to supporting those affected and will expedite claim settlements to provide financial relief.
Adani Ports stock rose 1.37% to Rs 1457.70 against the previous close of Rs 1437.95 on BSE.
Life Insurance Corporation of India (LIC) records a 38% increase in Q4 profit to ₹19,013 crore. The insurer declares a final dividend of ₹12 per share for FY25, fixing July 25 as the record date. LIC's solvency ratio improved, though first-year premium income saw a decline.
India's insurance industry, with cumulative premiums of $130 billion, is entering a new era of growth, marked by big M&As, the expected entry of more foreign players, and tech-led disruptions. Who will come out on top?
An analyst from Choice Broking said that Oberoi Realty has broken out of a prolonged consolidation phase near key support zones, signaling the end of accumulation and potential uptrend.
An analyst from Anand Rathi is observing a double bottom formation at Rs 16 level on the daily charts of YES Bank. The stock is also making a higher high formation.