Category: Stock

LIC to issue 1 bonus share for every share held

Life Insurance Corporation of India, the country’s biggest institutional investor and the second-largest state company by market value, would issue bonus shares in a 1:1 ratio in the first such shareholder reward since its public market debut four years ago. The issue, announced on Monday, would double LIC’s paid-up equity base. The bonus reward comes […]

Jyoti CNC shares crash 16% as France probes subsidiary, seizes bank accounts

The shares of Jyoti CNC Automation crashed nearly 16% on Monday after French authorities interviewed employees of the company’s material subsidiary Huron Graffenstaden SAS, seized certain bank accounts and residential properties, and initiated a formal judicial investigation, suspecting that it exported certain machines with dual-use technology and violated European Union laws. The company, which claims […]

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