Financial Services
Financial Services news section.
LIC posts 232 times growth in Q1 standalone net profit
Life Insurance Corporation of India LIC reported a 232 times year-on-year Yo growth in standalone net profit at Rs 682.88 crore for the quarter ended June 30.
Corporate tax collections up 34 pc in first four months of fiscal
The income tax department said corporate tax collections in the first four months of the current fiscal have risen 34 per cent over the year-ago period.
The Bank of England warns of recession in UK
The bank of England warned that the UK will fall into recession in the final quarter of this year after a slow down of the hiring spree that followed the Pandemic.
NCLT approves demerger, simplification of corporate structure
The National Company Law Tribunal NCLT approved the demonetization of Piramal Enterprises' pharma business and the simplification of its corporate structure on Friday.
Three Chinese companies to leave U.S. markets
Three Chinese companies announced plans to remove shares from the New York Stock Exchange on Friday, adding to the growing financial separation between the biggest global economies because of a dispute over company audits.
Hong Kong economy contracted 1.3% in second quarter
A photo taken on May 29, 2022 shows the Two International Finance Centre IFC in Hong Kong.LI GANG XinHUA HONG KONG Kong KONG kONG KHong Kong's economy contracted 1.3 percent in the second quarter from the same period a year ago,
Zee Entertainment posts 48.94 pc drop in Q1 net profit
Zee Entertainment Enterprises Ltd reported a 48.94 per cent decline in net profit at Rs 106.60 crore for June quarter 2022, 23 on account of challenging macroeconomic conditions.