Life Insurance Corporation of India approves bonus issue of 1:1

Life Insurance Corporation of India approves bonus issue of 1:1


At meeting held on 13 April 2026

The board of Life Insurance Corporation of India at its meeting held on 13 April 2026 has approved the issuance of bonus shares in ratio of 1:1.

The existing Authorised equity share capital of LIC is Rs. 25,000 crore and the paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase
to Rs. 12,649.99 crore. The Reserves & Surplus (In India) stood at Rs. 1,46,440.58 crore as at 31st December 2025 and the Profit After Tax for nine month period ended 31st December, 2025 was Rs. 33,998
crore.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 14 2026 | 2:50 PM IST



Source link

Life Insurance Corporation of India approves bonus issue of 1:1

Monarch Surveyors bags Rs 130-cr Northern Railway contract


Monarch Surveyors and Engineering Consultants said that it has secured a contract worth Rs 130 crore from Northern Railway for survey and land acquisition-related works.

The contract involves carrying out Final Location Survey (FLS), including geotechnical studies, design, and preparation of drawings, along with other preliminary activities for preparation of detailed project reports (DPRs), land acquisition, and EPC tender documentation.

The scope also includes facilitating the Competent Authority for Land Acquisition (CALA) for railway projects such as new lines, bypass/chord lines, doubling or multi-tracking, and flyovers under Northern Railway.

The project is to be executed within 36 months from the date of issuance of the letter of acceptance. The contract has been awarded by a domestic entity and will be executed within India.

 

The transaction does not fall under related party transactions, and the promoter or promoter group companies do not have any interest in the awarding entity, the company added.

The contract is subject to necessary approvals from relevant governmental authorities and will be executed on a cash consideration basis.

Monarch Surveyors provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore, on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24.

Shares of Monarch Surveyors and Engineering Consultants added 0.91% to end at Rs 217 on Monday, 13 April 2026.

The stock market is closed today on account of Dr. Babasaheb Ambedkar Jayanti.



Source link

Life Insurance Corporation of India approves bonus issue of 1:1

CG Power & Industrial Solutions announces change in senior management


With effect from 14 April 2026

CG Power & Industrial Solutions announced change in senior management as follows:

Deven Jani, Vice President – Strategic Sourcing who was heading the strategic sourcing function and also taking care of initiatives under i2v (Innovate to Value) and ESG will be moving out of strategic sourcing and re-designated as Vice President – i2v & ESG Head. Under the new role Mr. Deven will take on a focused role as i2v & ESG Leader and cease
to be part of the Senior Management Personnel of the Company w.e.f 14 April 2026.

Shirish Shah has been appointed as Vice President – Strategic Sourcing, in the category of Senior Management of the Company w.e.f. 14 April 2026.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 14 2026 | 2:04 PM IST



Source link

Life Insurance Corporation of India approves bonus issue of 1:1

RailTel Corp bags Rs 44-cr order from Uttar Pradesh Police Recruitment Board


RailTel Corporation of India announced that it has secured a work order worth Rs 43.96 crore from the Uttar Pradesh Police Recruitment and Promotion Board.

The contract entails providing security-related ancillary services during recruitment examinations conducted by the board. The order, awarded by a domestic entity, is to be executed by 12 April 2028, the company said in a regulatory filing.

RailTel added that neither its promoters nor promoter group companies have any interest in the awarding entity and the transaction does not fall under related party dealings. The work order was received on 13 April 2026, at 15:39 IST and will be executed under an actual use basis revenue model along with fixed income terms.

 

Separately, the company said that a previously awarded work order worth Rs 17.12 crore from the Navodaya Vidyalaya Samiti has been cancelled.

The cancellation was due to unavoidable administrative circumstances, RailTel said, adding that it has not specified the financial impact of the development.

RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways.

The companys standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26.

Shares of RailTel Corporation of India shed 0.47% to end at Rs 284.45 on Monday, 13 April 2026.

The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti.



Source link

Life Insurance Corporation of India approves bonus issue of 1:1

Aditya Birla Real Estate's township in North Bengaluru clocks bookings worth Rs 650 crore


Aditya Birla Real Estate said that Birla Estates has recorded a strong response to Phase-4 of Birla Trimaya, generating bookings of approximately Rs 650 crore.

This represents over 85% of the total booking value of the launched inventory for the phase, with around 460 units sold, reflecting sustained homebuyer interest in the development.

With this, the cumulative booking value across all launched phases of Birla Trimaya stands at approximately Rs 2,459 crore.

Birla Trimaya is a premium township offering, featuring 1 to 4 BHK residences. The township is spread across a 52-acre development in Devanahalli, North Bengaluru.

Devanahalli continues to emerge as one of Bengaluru’s fastest-growing residential corridors, driven by its proximity to Kempegowda International Airport. Strong connectivity via NH-44, Hebbal, and the Outer Ring Road, along with ongoing infrastructure upgrades and expansion of IT and employment hubs in North Bengaluru, is steadily driving residential demand beyond the city’s traditional core.

 

The company further said that Birla Trimaya has consistently witnessed strong buyer traction across its previous launches. The Phase-I was completely sold out within 36 hours, clocking bookings of approximately Rs 500 crore. Phase-II achieved nearly Rs 600 crore in bookings within 24 hours, while Phase III recorded around Rs 500 crore in bookings within the first 24 hours of launch.

KT Jithendran, MD & CEO Birla Estates said: “The robust response to Birla Trimaya Phase-4 reflects the increasing maturity of homebuyer demand in North Bengaluru, with buyers prioritising well-planned developments that offer both quality of life and long-term value.”

Aditya Birla Real Estate (formerly known as Century Textiles and Industries) was established in 1897. It has a presence in the cotton textiles, pulp & paper, and real estate sectors.

The company reported a consolidated net loss of Rs 72.85 crore in Q3 FY26, compared with a net loss of Rs 40.59 crore in Q3 FY25. Total income declined 56.70% year-on-year (YoY) to Rs 90.33 crore for the quarter ended 31 December 2025.

The scrip had gained 0.33% to end at Rs 1364.75 on the BSE on Monday.



Source link

Life Insurance Corporation of India approves bonus issue of 1:1

Hindustan Zinc emerges as top bidder for Rajasthan mineral block


Hindustan Zinc said that it has been declared as successful bidder for the Jhandawali – Satipura Amalgamated Potash and Halite Block in Rajasthan following participation in the e-auction conducted by the Ministry of Mines, Government of India.

The tender was part of Tranche V of auctions for critical and strategic mineral blocks, where composite licenses were offered through an online bidding process.

The company secured the block with the highest final price offer of 3.05%, as per a notification dated 12 April 2026. The Jhandawali Satipura Amalgamated Potash and Halite Block is at G3 level of exploration with total area of 1841.22 hectares for the block.

 

Hindustan Zinc, part of the Vedanta Group, is the worlds largest integrated zinc producer and among the top five silver producers globally. The company exports to more than 40 countries and holds around 77% share of Indias primary zinc market.

The companys consolidated net profit jumped 46.23% to Rs 3916 crore while net sales rose 27.81% to Rs 10627 crore in Q3 December 2025 over Q3 December 2024.

The counter shed 0.27% end at Rs 562.60 on Monday, 13 April 2026. The stock market is closed today on account of Dr Babasaheb Ambedkar Jayanti.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 14 2026 | 1:04 PM IST



Source link

YouTube
Instagram
WhatsApp