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This insurance company pays annual bonus of over ₹860 crore to policyholders. See details

TATA AIA Life on Tuesday announced a record annual bonus of ₹861 crore for its policyholders for the financial year 2021-22. According to the company, it is its fifth consecutive annual bonus for its policyholders. The FY22 bonuses have exceeded the bonus paid in FY2021 by 20%, Tata AIA Life said in a statement. “Tata …

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Rs 14,000 Crore Surat-Chennai Economic Corridor Faces Green Hurdle

Business oi-Renu Baliyan | Published: Tuesday, August 23, 2022, 20:07 [IST] A vital segment of the ambitious Surat-Chennai economic corridor faces a grave green hurdle ahead of the assembly elections in Gujarat, according to a report published in Economic Times. According to the ET report, the near Rs 14,000 crore project has run into trouble …

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Coffee Day Enterprises Reports Narrowing Of Q1 Net Loss To Rs 18 Crore, Revenue Climbs Over Two-Fold

Business oi-Renu Baliyan | Published: Saturday, August 13, 2022, 17:57 [IST] Coffee Day Enterprises Ltd has reported narrowing of its consolidated net loss to Rs 18 crore for the quarter ended June 30, 2022, according to a PTI report. The company had posted a net loss of Rs 117.28 crore in the April-June period a …

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Pharma Firm Wockhardt Reports Widening Of Q1 Net Loss At Rs 75 Crore

Business oi-Renu Baliyan | Published: Saturday, August 13, 2022, 19:02 [IST] Pharmaceutical firm Wockhardt Ltd on Friday reported a widening of consolidated net loss at Rs 75 crore in the first quarter ended June as revenue from key markets of the UK and the US declined, according to a PTI report. The company had posted …

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LIC posts ₹683 crore profit for quarter 1, assets of ₹41 lakh crore

MUMBAI: Life Insurance Corporation (LIC) has reported a net profit of Rs 683 crore for the quarter ended June 2022 compared to Rs 2. 6 crore in the corresponding quarter of the previous year. But the numbers are not comparable as the corporation was not preparing quarterly results in earlier years. Prior to its IPO …

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Watch Suryakumar Yadav showing his 2.15 crore luxury car, Ravindra Jadeja shows I have a Rolls Royce: CHECK

Asia Cup 2022 – Suryakumar Yadav Car collection, Ravindra Jadeja Rolls Royce: Team India’s ace batter Suryakumar Yadav has added a brand… Asia Cup 2022 – Suryakumar Yadav Car collection, Ravindra Jadeja Rolls Royce: Team India’s ace batter Suryakumar Yadav has added a brand new Mercedes-Benz GLE Coupe to his car collection before he leaves …

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UK’s Varde may get troubled Srei cos for ₹14,000 crore

KOLKATA: Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL), which are going through insolvency proceedings, are believed to have got “very good” financial bids. Sources said that London-based Varde Capital has put in a bid of over Rs 14,000 crore. This, along with Rs 2,500 crore in the group’s balance sheet, would fetch a …

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LIC Q1Fy23 Results: Net Profit Climbed Multifold YoY To Rs. 682.89 Crore

Business oi-Roshni Agarwal | Published: Friday, August 12, 2022, 22:27 [IST] Life Insurance Corporation of India (LIC) today reported its Q1Fy23 results, wherein the insurer’s net profit climbed multifold to Rs. 682.89 crore. In the year-ago period, the company’s profit came in at Rs. 2.94 crore. The total income at the public run insurer stood …

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LIC Q1 profit jumps multifold to Rs 682.89 crore

When compared with the preceding March quarter, the LIC performance was down across parameters, the filings showed. MUMBAI: Life Insurance Corporation of India on Friday reported a multifold jump in its June quarter net profit at Rs 682.89 crore. The state-run life insurance behemoth, which went public recently, had a net profit of Rs 2.94 …

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Aamir Khan starrer earns Rs 11.50 crore

Aamir Khan starrer ‘Laal Singh Chaddha’ hit the screens on the festive occasion of Raksha Bandhan. The film clashed with Akshay Kumar starrer ‘Raksha Bandhan’ and the first day collection suggests that Aamir’s film has scored below expectations. Directed by Advait Chandan, this film is adapted from Hollywood blockbuster ‘Forrest Gump’. The film pocketed Rs …

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