Life Insurance Corporation of India reported a 38% surge in March quarter net profit, reaching ₹19,013 crore, driven by non-participating products and improved margins. The board recommended a final dividend of ₹12 per share for FY25. Despite regulatory changes impacting premium equivalent, the value of new business rose, and the solvency ratio improved, showcasing a focus on profitable growth.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per