India's Life Insurance Corp posts 23% profit jump as investors track Q1 earnings

The state‑run Life Insurance Corporation of India (LIC) reported a 23% year‑on‑year rise in standalone net profit to Rs 13,492 crore for the first quarter, with net premium income up 7% to Rs 1.27 lakh crore. Other major earners included Trent Ltd, which posted a 21% profit increase to Rs 519 crore, and Apollo Tyres, whose net profit rose to Rs 348.9 crore. PNB Housing Finance said its new micro‑housing loan business is on track to reach about Rs 100 crore by the end of FY27. Dabur India filed a petition in the Delhi High Court challenging an FSSAI ban on several of its products, while AWL Agri Business disclosed that it has stockpiled imported edible oil to guard against supply disruptions. In the broader market, TVS Motor Company launched its premium iQube electric scooter in Kenya, marking the first Indian two‑wheeler EV entry into Africa. The Indian stock market remained largely unchanged on the expiry day, with the Nifty index poised near the 24,800‑25,000 range as investors await further corporate results.