Life Insurance Corp (LIC) will announce its Q4 earnings on May 24. In Q3, the state-owned insurer posted a 14.6% YoY rise in gross premium, a 31.2% YoY increase in single premium, a 10.8% rise in first-year premium, and a 5.9% uptick in renewal premium. LIC recently appointed Siddhartha Mohanty as chairman of the firm until June 2023. LIC also has an equity portfolio of about Rs 10 lakh crore ($135bn) with investments in 273 stocks. During Q1 2023, LIC raised investments in IRB Infra, Infosys, RIL, Maruti Suzuki, TCS, Tech Mahindra Dr Reddy’s Lab, GAIL and Container Corporation of India.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half