MUMBAI: Life Insurance Corporation of India (LIC) reported a 31.9% rise in net profit to Rs. 10,053 crore for the quarter ended Sept 30, 2025, compared with Rs. 7,621 crore in the same period last year, driven by higher premium income, stronger investment returns, and lower operating costs.Total income grew 4.4% to Rs. 2,39,614 crore…
US President Donald Trump on Thursday (local time) said that trade talks with India are “going good” and signalled that he might visit the country next year.Addressing reporters at the White House, Trump again shifted focus to the issue of Moscow’s crude oil, stating, “They are going good, he stopped buying oil from Russia largely….
MUMBAI: From a YouTube channel once to a public listing later this month, PhysicsWallah is set to launch India’s first IPO by a major ed-tech company in years. With low-priced courses and a strong social media community built over the years-thanks in parts to wide internet penetration and cheap data packs, the startup founded by…
MUMBAI: State Bank of India said it will divest 3.2 crore shares, or 6.3%, of its stake in SBI Funds Management through an IPO, subject to regulatory approvals. Co-promoter Amundi India Holding will sell 1.9 crore shares, or 3.7%, taking the total offering to 10% of the company’s equity, or about 5.1 crore shares. The…
The company’s Rs 6,632 crore initial public offering is scheduled to close on Friday. (AI image) Groww IPO: Billionbrains Garage Ventures, the parent organisation of Groww stock broking firm, saw its initial public offering (IPO) being fully subscribed on Thursday, the second day of its share sale.According to National Stock Exchange data, the IPO attracted…
When individuals open bank accounts, invest in mutual funds, or buy insurance, they are often asked to name a nominee. However, many people mistakenly assume that the nominee automatically inherits the assets. In reality, the nominee is not always the final recipient — the ownership rights belong to the legal heir, reported ET. Understanding the…
Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…
Markets regulator Sebi has proposed a major revamp of the certification framework for securities market professionals, aiming to expand participation and upgrade skill standards in line with evolving market needs.In a consultation paper released on Thursday, Sebi suggested broadening the definition of “Associated Persons” to include not only those employed by intermediaries and regulated entities…
Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…
The Institute of Chartered Accountants of India (ICAI) on Thursday presented its suggestions to a Parliamentary panel reviewing proposed changes to the Insolvency and Bankruptcy Code (IBC), aimed at strengthening and streamlining the insolvency resolution framework.The Select Committee of Parliament, headed by BJP MP Baijayant Panda, is examining the Insolvency and Bankruptcy Code (Amendment) Bill,…