Day: March 13, 2023

LIC’s exposure to Adani group companies marginally drops to Rs 6,183 crore

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LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani […]

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Retail inflation above 6% in February, could trigger another rate hike

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Retail inflation in February remained above the central bank’s upper tolerance limit of six per cent for the second straight month, despite declining marginally from the previous month’s level, prompting analysts to predict another rate hike by 25 basis points by the Monetary Policy Committee (MPC) in its April meeting. Data released by the National Statistical […]

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