LIC To Announce Its Q4 Results Today

Top of the Morning

In this episode, find out about United Spirits plans to focus on its premium brands, also find out why crude oil stocks will be in focus today.

Business Term of the Day: Throughput
State-run insurance behemoth Life Insurance Corporation of India (LIC)’s board will meet today to consider payment of dividend, if any, and approve the audited Annual Financial Results (standalone and consolidated) for the quarter/year ended on March 31, 2022. LIC share price are down more than 15% from its IPO issue price. The shares of the insurance behemoth made their stock market debut earlier this month on May 17, 2022.   United Spirits, a subsidiary of British alco-beverage major Diageo, is focusing on its premium brands to drive sales in India even as it sold off its 32 lower-priced brands to Inbrew Beverages for Rs 820 crore on Friday and franchised 12 more brands, including Bagpiper and Blue Riband   Crude oil-related stocks will hog the limelight today as Brent crude has surged past $120/barrel-mark. Aviation, paint, tyre, cement, and oil marketing companies (OMCs) may be negatively impacted, while oil exploration firms could gain.   Adani Green Energy: Adani Hybrid Energy Jaisalmer One Limited, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 390 MW wind-solar hybrid power plant in Rajasthan. This plant in Jaisalmer is, the first ever wind and solar hybrid power generation plant in India.   Moving on to markets   Domestic equity markets zoomed over 1 per cent in early deals on Monday, riding on a firm global momentum. The benchmark S&P BSE Sensex rallied 689 points to quote at 55,574, while the Nifty50 advanced 188 points to 16,541.   Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in US monetary tightening, albeit after sharp hikes in June and July.   Shares rose in Japan, Hong Kong, South Korea, and Australia, while it wavered in Shanghai.   Business term of the day   Throughput, in business, is the amount of a product or service that a company can produce and deliver to a client within a specified period of time. The term is often used in the context of a company’s rate of production or the speed at which something is processed.