LIC shares have risen 6% to Rs 972, surpassing IPO price. The 17% wage hike may cost shareholders Rs 4,000 crore yearly. Sebi has confirmed employee involvement in front-running case which will potentially impact stock price.
India Business News: The shares of Life Insurance Corporation of India (LIC) have bounced back impressively after recent declines, rising 6% to Rs 972 in the first session of FY25. This surge brought the stock above its IPO price of Rs 949, marking a strong recovery for India's largest insurer.
The Platinum Industries IPO, valued at Rs 235.32 crores, comprises of fresh shares totaling 1.38 crore, with subscription starting on February 27, 2024, and closing on February 29, 2024.
Aditya Singh Rajput death: Police said two injuries were prima facie found on the body - a bump on the back of the actor's head and a cut on his left ear.
TV actor Aditya Singh Rajput was found dead at his home by a friend on Monday afternoon. The police are currently investigating the unfortunate incident.