SAT PAL BHANOO
FSIB recommends R Doraiswamy as next MD & CEO of LIC
The Financial Services Institutions Bureau has recommended R Doraiswamy as the new CEO and MD of Life Insurance Corporation of India (LIC), succeeding interim CEO Sat Pal Bhanoo. Doraiswamy, currently an MD at LIC since September 2023, brings over three decades of experience in operations, marketing, technology, and academics to the role.
Stocks in news: HDFC Bank, Suzlon Energy, Tata Steel, BEL, MCX
HDFC Bank Share: Markets closed the week positively, buoyed by favorable domestic factors. HDFC Bank will pursue legal action against allegations from the LKMM Trust. Suzlon Energy's promoters are expected to sell a significant number of shares, while Tata Steel anticipates commencing its low-carbon project in the UK by 2025.
Sat Pal Bhanoo gets additional charge as LIC MD & CEO
Sat Pal Bhanoo has been entrusted with the additional charge of MD and CEO of LIC, effective from June 8, 2025, until September 7, 2025, or until a regular appointment is made. This decision follows the completion of Siddhartha Mohanty's term as CEO and MD on June 7, 2025. Bhanoo is the seniormost among the four LIC MDs.
I-Sec maintains Buy on LIC, target price Rs 1,040
ICICI Securities maintains a Buy call on Life Insurance Corporation of India (LIC) with a target price of Rs 1,040, citing valuations based on FY27E EV. The brokerage anticipates growth in APE and VNB margin, expecting a core RoEV of approximately 10.4% for FY26E/27E. LIC's embedded value shows sensitivity to equity levels and reference rates.
I-Sec downgrades Mahindra & Mahindra to Add, raises target price to Rs 3,200
ICICI Securities has downgraded Mahindra & Mahindra to 'Add' with a revised target price of Rs 3,200. The company reported a consolidated total income of Rs 41,881.38 crore for the quarter ended December 31, 2024, a 16.95% increase from the previous year. Promoters held 18.45% stake, while FIIs owned 38.3% as of March 31, 2025.
LIC to announce its Q1 results on August 10
Life Insurance Corp (LIC), India's state-owned insurance giant, will release its unaudited financial results on August 10. The company's shares increased by over 6% in the last six months but fell by 9% on a year-to-date basis. LIC's average target price is Rs 822, with a consensus estimate indicating an upside of 28%
- Go To Page 1
Stocks in news: HUL, Infosys, Tata Communications, United Spirits, Shree Cement
Tata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations, however, jumped 11% to Rs 4,771 crore.
Load More
