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LIC Reports 5% Rise in Q1 Profit, VNB Up 21%

Mint Hyderabad

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August 08, 2025

Life Insurance Corporation of India reported a 5% rise in first-quarter profit on Thursday, helped by higher premiums from renewed policies, while its margins expanded due to an improvement in its product mix.

- Reuters

Profit after tax for the country's biggest insurer rose to ₹10,987 crore for the quarter ended 30 June from ₹10,461 crore a year earlier.

The insurer's net premium income rose nearly 5% to ₹1.19 trillion, helped by a 6% rise in its renewal premium collection.

Mint Hyderabad'den DAHA FAZLA HİKAYE

Mint Hyderabad

LOCAL-MADE TO RIDE OUT GLOBAL TURMOIL

The idea is to position India as a global manufacturing and sourcing destination by easing input costs, compliance

time to read

3 mins

February 02, 2026

Mint Hyderabad

NUTS AND BOLTS OF THE BUDGET

From the middle class to MSMEs, coconut growers to chip makers, finance minister Nirmala Sitharaman covered a lot of ground in her ninth consecutive Union budget on Sunday.

time to read

3 mins

February 02, 2026

Mint Hyderabad

EV sops in high gear to drive manufacturing

Manufacturers of electric vehicles (EVs) and their parts have got another nudge from the government to double down on localization with the announcement of four special corridors for rare earth minerals, and extension of duty concessions for lithium-ion cell manufacturing and import.

time to read

2 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

Tax bounty for Gift IFSC firms

The Union budget has doubled the tax holiday period for companies operating from the International Financial Services Centre (IFSC) in Gujarat and reduced their payable tax rate after the break, bringing relief and certainty to entities in the global financial hub.

time to read

1 mins

February 02, 2026

Mint Hyderabad

TCS blow softened for tour groups, foreign-bound students

In a move expected to ease the tax burden on foreign tour packages, Budget 2026 has proposed a uniform 2% Tax Collected at Source (TCS) on overseas tour packages, replacing the current 5% rate for up to ₹ 10 lakh, and 20% on higher amounts.

time to read

2 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

A CLEAN START FOR CARBON CAPTURE

Outlay of ₹20,000 crore proposed over five years to improve tech in power, steel, cement, refineries and chemicals

time to read

3 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

The budget adheres to a tried and tested formula

India's 2026-27 budget may broadly be apt for now. But as fiscal policy adopts a distant debt target, the Centre must remain adaptive—and ready to contain any big-spender instincts

time to read

2 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

Profitability peaks, now banking sector faces its next test

High-level panel set to review banking reforms.

time to read

1 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

SPARKS OF HOPE FOR ELECTRONICS MAKERS

The electronics component manufacturing scheme expanded to ₹40,000 crore to promote domestic chip making

time to read

3 mins

February 02, 2026

Mint Hyderabad

Mint Hyderabad

LESS FOR RESEARCH, MORE FOR CASH CROPS

Agriculture research funds cut for FY27 even as the country faces growing climate risks and a productivity crisis

time to read

3 mins

February 02, 2026

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