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.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen