The Government of India has announced plans to raise as much as 314 billion rupees (approximately $3.3 billion) by selling up to a 6.5% stake in state-owned Life Insurance Corporation of India (LIC). The move is part of the government’s ongoing disinvestment programme and aims to comply with India’s minimum public shareholding regulations.
टैग: Business News
Commercial LPG Prices Cut by Up to ₹209: Check Latest Rates in Delhi, Mumbai, Kolkata and Other Cities
Commercial LPG cylinder prices have been reduced across several cities from August 1, providing relief to restaurants, hotels and commercial establishments. According to information cited by ANI and market data from Good Returns, the price of a 19-kg commercial LPG cylinder has been cut by ₹202 in Delhi and ₹209 in Kolkata, while there has been no change in domestic LPG cylinder prices.
Bajaj Finance Q1 FY27 Results: Strong NIM Growth and Lower Credit Costs Boost Profit Performance
Bajaj Finance Q1 FY27 Results delivered a stronger-than-expected performance as improved margins, disciplined lending practices and favourable credit costs supported the company’s profitability during the June quarter. The company’s standalone results showed a rise in net interest margin (NIM), strong growth in net interest income and steady expansion across key lending segments.
Jio Financial Services Sets August 10 as Record Date for FY26 Final Dividend of ₹0.60 Per Share
Jio Financial Services (JFSL) has announced Monday, August 10, 2026, as the record date to determine the shareholders eligible to receive its final dividend of ₹0.60 per equity share (face value ₹10 each) for the financial year 2025-26. The company said eligible shareholders will receive the dividend within seven days after its Annual General Meeting (AGM).
ITC Q1 FY27 Results: Net Profit Falls 27% to ₹3,579 Crore as Higher Cigarette Taxes Hit Earnings
ITC Ltd. reported a 27% year-on-year decline in standalone net profit to ₹3,579 crore for the first quarter ended June 30, 2026, as higher taxes on cigarettes and rising operating expenses weighed on the company’s earnings. The cigarette business, which contributes a major share of ITC’s profit, was particularly affected by the higher tax burden.
Maruti Suzuki Q1 FY27 Results: Net Profit Falls 11% to ₹3,352 Crore as Revenue Jumps 36%
Maruti Suzuki India reported an 11% year-on-year decline in standalone net profit to ₹3,352 crore for the April-June quarter of FY27, compared with ₹3,758 crore in the same quarter last year. The decline came mainly due to higher material costs, which were further impacted by the war. Despite the pressure on profitability, the company’s revenue from operations rose sharply by 36% YoY to ₹52,456 crore.