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.
Explained: Why Paisalo Digital shares hit 20% upper circuit on Wednesday
Paisalo Digital shares hit the 20% upper circuit after the company announced that promoter shareholding increased to 46.72% in Q1FY27 from 41.75% in FY26 through