[ad_1] State-owned Life Insurance Corporation (LIC) reported a multifold increase in net profit during July–September (Q2) of FY23. This is due to a change in its accounting policy, wherein it has transferred Rs 14,271.80 crore to the shareholders’ account from the non-participatory account. Net profit in Q2 stood at Rs 15,952.49 […]
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[ad_1] A Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening. The Fed raised its benchmark federal-funds interest rate this week by 0.75 percentage point, or 75 basis points, at its […]
Read More[ad_1] Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week and make the Saudi National Bank a new top shareholder. Investors including the Saudi lender have already committed to contribute about 1.76 billion francs ($1.76 […]
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