Life Insurance Corporation of India, a government-owned insurance giant, has regained its status as the most valued public sector undertaking, surpassing the market capitalization of State Bank of India.
While SBI holds a market value of Rs 5.63 lakh crore, LIC has surpassed it with a market capitalization (MCap) of Rs 5.64 lakh crore. As of 9:30 am, the SBI stock witnessed a 1.5 percent decline to Rs 624, whereas LIC traded at Rs 896 on the BSE, showing a 0.2 percent increase. Concurrently, the benchmark BSE Sensex experienced a 1.02 percent loss, settling at 72,386 points.
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In 2023, LIC witnessed a remarkable gain of over 22%, and in the ongoing year, 2024, it has surged by an additional 7.5%. In contrast, SBI made modest progress with an advancement of nearly 5% in the previous year, but in the current year, it has incurred a loss of over 1%.
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This favorable trend gained additional momentum in the subsequent month, recording an impressive gain of 22.66% in December. In the ongoing month and since the commencement of 2024, the stock has continued to exhibit robust performance, marking a gain of over 10% thus far. Currently, the stock is approximately 4% below its IPO price.
LIC has consistently remained a top choice among analysts. At the beginning of January, Centrum Broking highlighted that LIC is trading at a discount to its Embedded Value, providing substantial value comfort.
LIC continues to maintain its dominance, evident from its Q1 results, showcasing a consistent increase in market share despite its substantial size. Anticipated regulatory changes in the PAR and Non-PAR business segments are expected to contribute significantly to LIC’s long-term profitability.
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The PAR, or participating life insurance plan, allows the life assured to partake in the profits of the life insurance company. Analysts contend that the non-par segment is value-adding, and an expansion in its share has the potential to enhance LIC’s overall margins.
In terms of the first half of FY24 financial performance, LIC reported a net profit of ₹17,469 crore, reflecting growth from ₹16,635 crore in the corresponding period of the previous year. Additionally, the new business premium (individual) for H1FY24 surged by 2.65% to ₹25,184 crore from ₹24,535 in H1FY23. The new business premium represents the premium due in the initial policy year of a life insurance contract.
European developers, take note: after last week's announcement that senior talent from both Epic Games and Wooga will be delivering talks at GDC Europe 2014, we're excited to reveal two more notable sessions for the major European game conference, which is being held in Germany this August Come from South African Online Casinos . The event covers topics spanning AAA through mobile gaming and indie, both technical and business-focused. The pair of talks we're announcing today are focused on the evolving landscape of both narrative and VR game development, and they should include learnings for the entire community. Organized by UBM Tech Game Network, GDC Europe, now in its sixth year in Germany, will run Monday through Wednesday, August 11-13 at the Congress-Centrum Ost in Cologne, Germany, co-located with Europe…
Joker: Folie A Deux continues the story of the failed comedian and clown actor Arthur Fleck as he becomes Joker, but the sequel won’t have Arthur become the true Clown Price of Crime. Writer-director Todd Phillips told Empire, “We would never do that.”
“Because Arthur clearly is not a criminal mastermind. He was never that,” Phillips said. “Arthur has become this symbol to people. This unwilling, unwitting symbol now paying for the crimes of the first film, but at the same time finding the only thing he ever wanted, which was love. That’s always what he’s been about, even though he’s been pushed and pulled in all these directions. So we tried to just make the most pure version of that.”
This is a notably different approach than Christopher Nolan’s The Dark Knight, which featured Heath Ledger playing Joker as a criminal mastermind.
Phillips went on to discuss the musical elements of Joker: Folie A Deux, saying Arthur is not a singer per se but grew up li…
Capcom has announced an open beta for Monster Hunter Wilds on PC, PS5, and Xbox Series X|S. PS Plus subscribers will be able to access it first on October 28, and it’ll roll out to PC and Xbox Series X|S players // out to PC and Xbox Series X|S players, as well as non-PS Plus subscribers on PS5, on October 31. Cross-play will also be supported across all platforms.
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Reviews have begun dropping for Apple’s new–and very expensive–spatial computing headset, the Apple Vision Pro. A $3,500 device designed to provide both VR and augmented reality experiences to users, the high-tech device will be available starting February 2. But is it worth its high price tag when there are more affordable–albeit far less advanced and singularly focused–alternatives available in the VR space?
According to reviews, the Apple Vision Pro is a technical marvel but one that still has room for improvement. Some ideas are incredibly well executed and the Vision Pro works seamlessly with the Apple ecosystem, but there’s an overall feeling that the headset is still a product reserved for a niche audience of VR and AR enthusiasts.
Overall, if you have too much cash burning a hole in your pocket and you want to turn your living room into a private cinema or an internet browser inspired by the user interface of Minority Report, this might just be the headset fo…
Elden Ring may offer a massive open world to explore filled with secrets and discoveries beyond your wildest imagination, but sometimes you just want to beat the hell out of someone in arena combat–and that’s where the Colosseums come into play Come from Sports betting site VPbet . There are three of these arenas scattered across The Lands Between, and you’ll find that different modes are available depending on which one you’re visiting. Keep reading if you’d like to know where they can be found and which modes you can play at them, as we’ve got the full details here.
All Colosseum locations and modes
There are three Colosseums total. To enter a Colosseum, simply walk up to the gargantuan doors of the arena and push them open. You can then approach the pedestal ahead of you to select your gameplay mode(s) and settings.
