Latest news with #RDoraiswamy
Time of India
a day ago
- Business
- Time of India
Veteran Doraiswamy takes over as LIC CEO
MUMBAI: The country's largest life insurer has a new CEO. R Doraiswamy took charge as CEO & MD on July 14, for a term of three years. He succeeds Sat Pal Bhanoo, who had assumed interim charge after Siddhartha Mohanty retired last month. Doraiswamy, a LIC veteran with 39 years at the insurer, was elevated from his role as MD. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
a day ago
- Business
- News18
Stocks To Watch: HDFC Life, HDB Financial, HCL Tech, RVNL, Sun Pharma, And Others
Last Updated: Stocks to watch: Shares of firms like HDFC Life, HDB Financial, HCL Tech, RVNL, Sun Pharma, and others will be in focus on Tuesday's trade Stocks to Watch on July 15, 2025: Markets opened the week on a volatile note, extending recent losses to close nearly half a percent lower. On Tuesday, attention will remain on a slew of companies announcing their first-quarter earnings, including HDFC Life, HDB Financial, HCL Tech, Tata Technologies, and Rallis India, among others. Q1 Results Today Key earnings are expected from HDFC Life, ICICI Lombard, ICICI Prudential, HDB Financial Services, Bank of Maharashtra, and Just Dial. HCL Technologies HCLTech revised its EBIT margin guidance for FY26 to 17–18%, down from 18–19%, following margin pressure in Q1. EBIT margins declined 160 basis points QoQ to 16.3% for the June quarter. Tata Technologies The company posted a 10% YoY drop in net profit at Rs 170 crore, with USD revenue down 2.1% QoQ and constant currency revenue falling 4.6%. Rail Vikas Nigam Ltd received a Letter of Award from DMRC to construct a 7.298 km viaduct and seven metro station platforms under Delhi Metro Phase-IV. RailTel bagged a Rs 264 crore order from East Central Railway to implement the Kavach collision avoidance system across 607 km. AstraZeneca Pharma Received approval from CDSCO to import and market Durvalumab (Imfinzi) in India for an additional indication in cancer treatment. Sun Pharma Launched LEQSELVI 8 mg tablets in the US for severe alopecia areata, following a litigation settlement with Incyte Corporation. Power Mech Projects Won two O&M contracts worth Rs 551.35 crore, including a major project for SJVN's Buxar plant in Bihar. Oberoi Realty The CoC of Hotel Horizon approved a Rs 919 crore resolution plan submitted by a consortium including Oberoi Realty. Inox Wind The board will meet on July 17 to consider fundraising through equity or other instruments. LIC R Doraiswamy has officially taken charge as CEO & MD of LIC for a three-year term, ending August 2028. Tejas Networks Posted a net loss of Rs 193.9 crore for Q1 FY26, compared to a Rs 77.5 crore profit a year earlier. Revenue dropped 87% YoY, largely due to BSNL-related delays. Deepak Fertilisers Signed a Rs 1,200 crore regasification contract with Petronet LNG. Meson Valves India Received an order worth Rs 46.26 lakh from Mazagon Dock to supply submarine fuel system components. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. view comments First Published: July 15, 2025, 08:02 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
R Doraiswamy takes over as LIC's MD, CEO
R Doraiswamy is now the CEO and MD of Life Insurance Corporation of India. He succeeds Sat Pal Bhanoo. Doraiswamy has a three-year term. He brings 38 years of experience to the role. Investors will watch him closely. They want to see improved margins. They also want revived investor sentiment. Tired of too many ads? Remove Ads Mumbai: R Doraiswamy has formally taken charge as CEO and managing director of Life Insurance Corporation of India (LIC) for a three-year term or until he turns 62, whichever is earlier. He succeeds interim CEO Sat Pal Bhanoo, who held the role from June 8 after Siddhartha Mohanty's term ended on June one of LIC's four managing directors since September 2023, brings 38 years of experience spanning operations, marketing, technology, and training. He played a key role in driving IT initiatives such as the Employee's Front End Application Program (eFEAP) Next, ULIP system centralisation, and automation of repetitive processes. Before his elevation, he served as executive director of IT/software development and earlier headed LIC's southern zonal office in shares closed at ₹916 on Monday, still trading below their IPO price of ₹949. The newly appointed MD and CEO will be closely watched by investors to improve margins and revive investor sentiment around the state-run appointment was recommended by the Financial Services Institutions Bureau (FSIB) on June 11. However, since the selection process could not be concluded before Mohanty's exit, Bhanoo was temporarily given charge. With Doraiswamy assuming office on July 14, Bhanoo ceases to hold CEO has seen leadership changes this fiscal year, when after the retirement of MDs M Jagannathan and Tablesh Pandey, Ratnakar Patnaik and Dinesh Pant were appointed as new MDs effective June 1.
United News of India
a day ago
- Business
- United News of India
LIC gets new CEO and MD
More News LIC gets new CEO and MD 14 Jul 2025 | 9:01 PM Chennai, July 14 (UNI) The Union Finance Ministry today appointed R Doraiswamy as the CEO and MD of Life Insurance Corporation of India. see more.. Hyundai expands AURA line up, launches new variant 14 Jul 2025 | 8:41 PM Chennai, July 14 (UNI) Passenger car makers Hyundai Motor India Limited (HMIL), today announced the addition of a new variant – S AMT to its popular entry sedan, Hyundai AURA. see more.. Kottayam-Kochi Rubber Market Rates 14 Jul 2025 | 8:27 PM Kottayam, July 14 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal KOTTAYAM RSS FOUR: 20750 RSS FIVE : 20350 ISNR TWENTY: 18700 SIXTY PERCENT LATEX: 14370 KOCHI RSS FOUR : 20750 RSS FIVE : 20350 INTERNATIONAL RATES (BANGKOK) RSS One : 19634 RSS Two : 19475 RSS Three: 19330 RSS Four : 19251 RSS Five : 19133 KUALALUMPUR SMR TWENTY : 14750 ($171.80) SIXTY PERCENT LATEX : 11586 ($134.95) UNI PA BM. see more.. Tata Technologies posts Rs 170 Crore Q1 net profit despite revenue slip 14 Jul 2025 | 7:10 PM Mumbai, July 14 (UNI) Product engineering and digital services company Tata Technologies officially announced today that it posted a consolidated net profit to Rs 170 crore, which is a 5.1 per cent year-on-year (YoY) increase. see more.. LIC ties up with AU Small Finance Bank for bancassurance 14 Jul 2025 | 6:39 PM Kolkata, July 14 (UNI) Life Insurance Corporation of India has tied up with AU Small Finance Bank, one of India's leading small finance banks under Corporate Agency arrangement. see more..
Time of India
2 days ago
- Business
- Time of India
R Doraiswamy appointed CEO and MD of LIC effective July 14
R Doraiswamy has assumed charge as Chief Executive Officer and Managing Director of Life Insurance Corporation of India ( LIC ) with effect from July 14, 2025, the company informed in a stock exchange filing. He has ceased to be the Managing Director following his elevation, as per a Government of India notification issued on the same date. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo (More to come)
