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Business

LIC to offload excess stake in firms in 2 years The Insurance Regulatory and Development Authority of India has given Life Insurance Corporation of India (LIC) two years to pare shareholdings in companies in which it owns more than the permitted 15 per cent. “We have deliberated on the ro

RIL Q1 profit up 28% to Rs 9,108 cr Oil-to-telecom conglomerate Reliance Industries Ltd today reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30 on the ba