Latest news with #AjayKumarShrivastava
The Hindu
3 days ago
- Business
- The Hindu
Ajay Kumar Shrivastava takes over as HAL director for engineering, R&D
Ajay Kumar Shrivastava assumed charge as Director (Engineering and R&D) of Hindustan Aeronautics Limited (HAL) on July 15, the company said. Before this appointment, he held the position of Executive Director (Aircraft Research & Design Centre) at HAL, said an official release on Wednesday (July 16, 2025). Mr. Shrivastava began his career at HAL in 1988 as a Management Trainee (Technical). Throughout his 37-year tenure, he has held several key leadership positions, including Head of the ARDC and Head of the Transport Aircraft Research and Design Centre (TARDC), it added. He has made significant contributions to major projects such as the avionics upgrade of the entire HS-748 fleet, the Do-228, the Sea King helicopter, and the IL-78, the release said. Under his leadership, HAL secured DGCA certification for two Do-228 aircraft—the first indigenous transport civil passenger aircraft in India to receive Type Certification—as well as the Type Certification of the Hindustan-228 aircraft. He has also successfully led the indigenisation of several critical aircraft components and has extensive experience in the design and development of trainer, fighter, and transport aircraft, as well as rotary-wing platforms. A recipient of the FASIA (French Aeronautics & Space Industry Award) for his contributions to the aeronautics industry, Mr. Shrivastava played a key role in the avionics upgrade of the Hindustan Jet Trainer-36 'Yashas', which was successfully demonstrated at Aero India 2025, it further stated.
News18
27-05-2025
- Business
- News18
LIC Q4 FY25 Results: Profit Up 38% YoY to Rs 19,012 Crore, Dividend Declared
Last Updated: Along with Q4 FY25 results, LIC board also announced a final dividend of Rs 12 per share for the fiscal year 2024-25. LIC Q4 FY25 Results: Life Insurance Corporation of India (LIC) on Tuesday reported that its profit after tax (PAT) stood at Rs 19,012 crore in Q4 FY25, up 38 per cent year-on-year from Rs 13,762 crore in the corresponding quarter of the fiscal year. Total income of the insurance giant grew 7 per cent YoY to Rs 8.35 lakh crore in FY25, as compared to Rs 7.80 lakh crore in FY24. LIC's net premium income stood at Rs 5.18 lakh crore for the year ended March 31, 2025, as compared to Rs 4.90 lakh crore in the previous fiscal year. Investment income also jumped 11 per cent YoY to Rs 3 lakh crore in FY25. Along with Q4 FY25 results, LIC board also announced a final dividend of Rs 12 per share for the fiscal year 2024-25. The Board has fixed July 25, 2025 as the 'Record Date" for the purpose of ascertaining the eligibility of members of the Corporation for the advetisement proposed final dividend. The 4th Annual General Meeting of the Members of the Corporation will be held on Tuesday, August 26, 2025. Additionally, the Board approved the appointment of Shri Ajay Kumar Shrivastava as Appointed Actuary (Key Managerial Personnel), effective June 1, 2025 or upon regulatory nod from IRDAI. The stock price of Life Insurance Corporation of India settled at Rs 871.05, reflecting a modest increase of Rs 1.05 or 0.12%. Earlier at 12:55 pm, the price was Rs 870.70. The stock opened at Rs 873.00, reached a high of Rs 873.20, and saw a low of Rs 861.95. The market capitalization is valued at Rs 5.51 lakh crore, with a price-to-earnings ratio of 12.79 and a dividend yield of 1.15%. Over the past year, the 52-week high and low for the stock have been Rs 1,221.50 and Rs 715.35, respectively. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 27, 2025, 18:01 IST
