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EXCLUSIVE: LIC’s equity investment in FY20 likely to reach above Rs 70,000 cr, an all-time high

Loknath Das, , , , , , , , , , , , , , ,

Life Insurance Corporation of India (LIC) is likely to end FY20 with an all-time high equity investment (gross) of around up to 72,000 crore, an all-time high, sources said. In FY19, LIC invested around Rs 68,620 crore into the equity market. “We have already crossed Rs 33,000 crore and the second half of the year is expected to be robust considering the new business premiums have also seen a high growth,” said an official. While the year-on-year (YoY) growth will be 3.5 percent, LIC’s equity investments hold significance because it is…

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Closing Bell: Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Loknath Das, , , , , , , , , , , , ,

Market at Close Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent. At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60.…

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Rice above white

Srijita, ,

Evolved eating patterns are slowly doing away with the whites on your plate and adding more hues to it. The idea being – more the colour in your dish, more vibrant your health will be. Colour means nutrients, colour means antioxidants, colour means fibre. And the latest food item to turn tinted is rice. Studies support the fact that eating whole grain rice varieties such as red and black rice is healthier than the good old white. Black rice, an Asian staple that’s always been part of northeastern cooking in…

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