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LIC Hits ₹951 Intraday Low; Resistance at ₹1,000 Holds Firm
Life Insurance Corporation of India (LIC) shares tumbled by 3.5% during Tuesday’s trading session, reflecting investor concerns as the life insurer reported a challenging performance for November. Premiums for the month plunged by 27% year-over-year, signaling a significant slowdown in growth. Despite LIC posting a 16% rise in premium collections over the first eight months of FY25, its total and…
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Business
Honda Aims for One-Third of Sales from Electric Vehicles by 2030
Honda Motorcycle and Scooter India (HMSI), India’s second-largest two-wheeler manufacturer, is set to launch its first electric vehicle (EV) by March 2024, despite delays. Initially planned for earlier in the year, the launch of their electric scooter will mark Honda’s entry into a rapidly growing EV market. Yogesh Mathur, HMSI’s Director of Sales and Marketing, emphasized that while the company…
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Business
Swiggy Targets Rs 5,000 Crore from IPO, Sets Sights on $15 Billion Valuation
Swiggy is gearing up to raise Rs 5,000 crore through its upcoming IPO, marking an increase from its earlier target of Rs 3,750 crore. The Bengaluru-based food and grocery delivery giant has reportedly approved a special resolution to issue equity shares worth up to Rs 5,000 crore, pending shareholder approval at its Extraordinary General Meeting (EGM) scheduled for October 3.…
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