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The Life Insurance Corporation of India (LIC) policyholders and associated stakeholders often seek details on how their premiums are invested and managed, especially regarding equity market investments in listed businesses. Amid the ongoing debate surrounding the LIC’s Offer for Sale (OFS), Minister of State for Finance Pankaj Chaudhary, on Monday, 3 August, shared details about…
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMAs (Daily Moving Averages) on August 4, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. Traders use the 200 DMA as a…
The government’s offer for sale (OFS) in insurance behemoth Life Insurance Corporation of India (LIC) opens for retail investors today, with analysts listing reasons why investors should consider participating. LIC announced on Monday that the government plans to sell a 2.5% equity stake in the company as part of the base offer, with an additional…
If you have already filed your income tax return (ITR) before the stipulated deadline and later realised that some details were entered incorrectly or omitted, there is no reason to panic. Taxpayers are allowed to correct genuine mistakes by filing a revised return, and in many cases, doing so does not attract any penalty. Some…
Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East. The yen was slightly firmer at 157.60 per U.S. dollar, after easing about 0.4% from…
Oil prices steadied on Wednesday after tumbling over the previous two sessions, as investors tracked developments around efforts to end the U.S.-Iran conflict and reopen the Strait of Hormuz to commercial shipping. Crude oil price on August 5 Brent crude futures were up 27 cents, or 0.34%, at $79 a barrel, while U.S. West Texas…
The Employees Provident Fund Organisation (EPFO), in a statement on 3 August, announced that, to implement a scheduled system upgrade, its e-Office application will be temporarily unavailable for a few hours today, Wednesday, 5 August. This periodic maintenance exercise aims to enhance the platform’s efficiency, performance, and overall service delivery. According to the EPFO, the…
Mumbai:Baroda BNP Paribas Mutual Fund has appointed Madhu Nair as the chief executive officer of the asset manager. Nair will succeed Sanjay Grover, who has been on interim deputation from Bank of Baroda since Suresh Soni left the fund house in August 2025. Baroda BNP Paribas Mutual Fund is a joint venture between Bank of…
Mumbai: Hong Kong and Shanghai Banking Corp Ltd’s (HSBC) India profit before tax increased 4% year on year in the first half of calendar 2026 led by higher revenue from corporate and institutional banking (CIB) its largest vertical in India. Profit before tax increased to $965 million in six months ended June 2026 from $931…
Mumbai: Arbitrage fund investors were surprised Monday to see the net asset values (NAV) of their portfolios surge an average 0.46% in a single day, translating into an annualised yield of 167%. What explains such drastic movements in an asset class that barely yields 7% a year or about 0.02% a day? Well, this happened…