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Here are the top stories to start your day.
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⭐LIC reports a multi-fold profit rise
Insurance behemoth LIC India posted a multi-fold rise in consolidated net profit to ₹8,334 crore for the December quarter compared to ₹234 crore in the corresponding quarter of last year. Net premium income rose by 14% YoY to ₹1.12 lakh crore.
⭐ Voltas posts net loss
Domestic air conditioner maker Voltas reported a net loss of ₹110 crore for the third quarter, mainly because of provisions made for an overseas project. Meanwhile, its total revenue from operations rose by 12% to ₹2,005 crore.
⭐ Adani Total Gas chugs to double-digit growth
Adani Total Gas posted a 17% YoY rise in net profit to ₹150 crore during the December quarter. Meanwhile, its revenue from operations rose by 27% YoY to ₹1,185 crore. As per management, moderation in international gas prices and increase in domestic supply will drive increased demand in the PNG and CNG segments.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.45% |
| Nikkei 225 (Japan) | ▲ 0.50% |
| Hang Seng (Hong Kong) | ▼ 1.80% |
| SSE Composite (China) | ▼ 0.35% |
| Dow Jones (US) (February 09) | ▼ 0.73% |
| NYSE (US) (February 09) | ▼ 0.77% |
| Nasdaq (US) (February 09) | ▼ 1.02% |
| S&P 500 (US) (February 09) | ▼ 0.88% |
Fact of the day
Twitter’s blue tick service is now available in India on an yearly subscription ₹6,800
Source: Economic Times
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