State-owned Life Insurance Corporation (LIC) has become the fifth-largest firm by market capitalisation post its market debut today. The market cap of the firm rose to Rs 5.70 lakh crore post listing on BSE. On NSE too, the market cap of the firm stood at nearly Rs 5.70 lakh crore.
India’s wholesale price index (WPI) rose to 15.8 per cent in April this year, up from 10.74 per cent in April 2021, according to the Ministry of Commerce and Industry. Food inflation rose to 8.35 per cent in April 2022 from 4.60 per cent in April 2021.
Telecom major Bharti Airtel on Tuesday reported 164.5 per cent year-on-year jump in consolidated net profit at Rs 2,008 crore for the fourth quarter ended 31 March, 2022, mainly boosted by recent traffic. The telco had reported a profit of Rs 759 crore in the year-ago period.
The Indian government on Tuesday announced some relaxation to its earlier notified ban on wheat exports issued by Directorate General of Foreign Trade (DGFT), Department of Commerce, allowing wheat consignment already registered with customs prior to the order.
Days after China’s defence of India’s decision to ban wheat exports, the US has said that they hope India will reconsider. It also said that they are encouraging nations not to restrict exports.
Cryptocurrency markets have slipped yet again in the last 24 hours. The global market cap is down by 1.43 per cent in the last 24 hours and is at $1.29 trillion as of 7:50 AM IST, CoinMarketCap data showed.
It's a big day for the investors on Dalal Street as shares of Life Insurance Corporation (LIC) are all set to make their market debut today. Equity benchmark Sensex opened 242 points higher at 53,216 and Nifty jumped over 70 points to 15,912 ahead of the country's largest insurer listing.
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