GAGA Share Market News

[hfe_template id='11223'] [ad_1] Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire. Buffett, one of the world's richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by finding other businesses and stocks to buy that were selling for less than they were worth. His success made him a Wall Street icon. It also earned him the nickname "Oracle of Omaha," a reference to the Nebraska city where Buffett was born and chose to live and work. Here are some of his best and worst investments over the years: Buffett's Best - National Indemnity and National Fire & Marine: Purchased in 1967, the company was one of Buffett's first insurance investments...

[hfe_template id='11223'] [ad_1] Mumbai: State-run Life Insurance Corp (LIC) Friday refuted US claims of 'special treatment' from the Indian government and regulators, concessions that Washington said helped it secure business from ordinary citizens at the expense of privately-run insurers. In its response to 'favouritism' claims by the US Trade Representative (USTR), LIC also said it operates in a competitive market alongside other insurers in an industry that has witnessed phased deregulation through this millennium. "LIC wishes to clarify that LIC is treated like any other insurance company by the government and regulators. The guarantee-provided at the time of its establishment in 1956-is a statutory provision designed to build public confidence in the early years of nationalisation," the insurer said. "It has never been invoked or used as a marketing tool or provided any undue advantage to LIC." Siddhartha Mohanty, MD & CEO, s...

[hfe_template id='11223'] [ad_1] The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors' sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points or 0.47 per cent. "It was another tough week for the Bulls, as the Nifty ended in the red for the third consecutive week. Despite favourable conditions for a comeback, the bulls failed to capitalize on them," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The market valuation of Reliance Industries slumped by Rs 74,969.35 crore to Rs 16,85,998.34 crore. The valuation of Life Insurance Corporation of India (LICI) eroded by Rs 21,251.99 crore to Rs 5,19,472.06 crore. State Bank of India's valuation diminished by Rs 17,626.13 crore to Rs 6,64,304.09 crore and that of ICICI Bank tumbled Rs...

[hfe_template id='11223'] [ad_1] The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points or 0.93 per cent. The valuation of Life Insurance Corporation of India (LIC) jumped Rs 60,656.72 crore to Rs 6,23,202.02 crore, the most among the top-10 firms. HDFC Bank added Rs 39,513.97 crore, taking its valuation to Rs 13,73,932.11 crore. The market valuation of Reliance Industries surged Rs 35,860.79 crore to Rs 17,48,991.54 crore and that of Bharti Airtel soared Rs 32,657.06 crore to Rs 9,26,725.90 crore. State Bank of India's market capitalisation (mcap) climbed Rs 20,482 crore to Rs 7,48,775.62 crore and that of ICICI Bank rallied Rs 15,858.02 crore to Rs 9,17,724.24 crore. Hindustan Unilever...

[hfe_template id='11223'] [ad_1] Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent. The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25. From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys ...

[hfe_template id='11223'] [ad_1] Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the company informed the exchange in a filing. In an official statement on Saturday, LIC announced that it has raised its shareholding in the bank from 4.05 per cent to 7.10 per cent following a Qualified Institutional Placement (QIP). "..the Life Insurance Corporation of India ("the Corporation") has increased its shareholding in Bank of Maharashtra ("Company") from 4.05 per cent (pre-allotment) to 7.10 per cent (post allotment)" said LIC. The increased shareholding comes after LIC was allotted 25.96 crore equity shares as part of the QIP issued by the Bank of Maharashtra. Prior to this allotment, LIC held a 4.05 per cent stake in the bank. With the new shares, LIC now owns a 7.10 per cent stake, marking a significant rise in its ownership. The allotment was made under the guidelines of Regulation 30 of the Securities a...

[hfe_template id='11223'] [ad_1] The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it jumped 1,509.66 points or 1.81 per cent to hit the lifetime intra-day peak of 84,694.46. The valuation of ICICI Bank surged Rs 63,359.79 crore to Rs 9,44,226.88 crore, the most among the top-10 firms. HDFC Bank added Rs 58,569.52 crore taking its market valuation to Rs 13,28,605.29 crore. Bharti Airtel's valuation soared Rs 44,319.91 crore to Rs 9,74,810.11 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 19,384.07 crore to Rs 20,11,544.68 crore. Hindustan Unilever's valuation gained Rs 10,725.88...

[hfe_template id='11223'] [ad_1] Listed private life insurers are set to report strong annualised premium equivalent growth, driven by a lower base and buoyant equity markets. However, the value of new business (VNB) margins will be muted due to increased sales of unit-linked insurance plans and pressure on group term pricing. General insurance companies are expected to show improved profitability, benefiting from a low claims ratio amid strong growth in motor, health, and commercial lines. Life insurers will adjust to new surrender value regulations this year, compressing their VNB margins in the second half of fiscal year. The life insurance industry experienced muted growth in Q1FY24 due to a surge in high-value non-par policy sales in the preceding quarter before the change in taxation policies. From April 2023, the government removed tax benefits from all non-par policies with aggregate premiums of ₹5 lakh and above per year. Insurers are likely to report APE growth...

[hfe_template id='11223'] [ad_1] Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36 per cent. The BSE Sensex recorded the best monthly gain in June by climbing 7.14 per cent. The Sensex breached the historic 79,000 mark on Thursday. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India (LIC) emerged as the laggard. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. TCS added Rs 34,733.64 crore taking its valuation to Rs 14,12,845.09 crore. The mcap of ICICI Bank soared Rs 30,286.99 crore to Rs 8,44,201.88 crore and that of Bharti Airtel surged Rs 18,267.7 cr...

[hfe_template id='11223'] [ad_1] After listing at a small premium of 3.35% on BSE in Thursday's trade at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance rallied another 9% to the day's high of Rs 305.85. Despite a positive debut, this performance fell short of pre-listing expectations and the grey market premium (GMP) which suggested a potential gain of around 10% as the company's shares traded at a premium of Rs 25 in the unlisted market. “Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the dynamic insurance market. The company's advanced technology platform and focus on innovation bode well for its future,” said Shivani Nyati, Head of Wealth at Swastika Investmart. Go Digit's moderate listing necessitates a balanced approach from investors. While the company possesses strong long-term potential, careful consideration of the valuation and competi...