From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)LIC’s Q2FY27 standalone net profit up 20% at ₹12,076 crore
What's behind this
Oil and Natural Gas Corporation (ONGC) reported a 57.3 per cent year‑on‑year increase in standalone net profit to Rs 15,489 crore for the second quarter of FY27, driven by higher crude oil and gas realisations. The company also announced an interim dividend of ₹8 per equity share and awarded offshore development projects valued at Rs 11,800 crore to bolster future production.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
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One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 1 outlet
LIC expects further improvement in VNB margins, supported by a favourable product mix and growth in high-margin segments, particularly non-participating (non-par) savings and term assurance.
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center · 2 outlets
Oil and Natural Gas Corporation (ONGC) reported a 57.3 per cent year-on-year rise in standalone net profit to Rs 15,489 crore in the second quarter of FY27, supported by higher crude oil realisations, while awarding offshore development projects worth Rs 11,800 crore to strengthen future production.
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right · 2 outlets
A significant proportion of the investment activity was directed towards government securities, including state government securities, to take take advantage of the higher yields
RSS excerpt
A significant proportion of the investment activity was directed towards government securities, including state government securities, to take take advantage of the higher yields
