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Life Insurance Corporation (LIC) has been trading below the issue price of ₹949 a share ever since it got listed on stock exchanges on May 17. It listed at ₹872 apiece on NSE. On Tuesday, the scrip settled at ₹595.50, down 0.72%over the previous close.

This is one of the rare instances when a company is taking a mixed approach to product pricing unlike the usual unilateral movements of hikes or reductions. The move bares the stress in the fast-moving consumer goods (FMCG) industry where companies are striving to revive demand badly affected by overall inflation in the economy.

Aramco CEO Amin Nasser said at an investment conference in Saudi Arabia that the fund will focus on "breakthrough technologies that are important and startups that will help us to address climate change".

Global equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fell.

The S&P 500 opened lower by 33.14 points, or 0.86%, at 3,825.97, while the Nasdaq Composite dropped 230.10 points, or 2.05%, to 10,969.02 at the opening bell.

The latest shareholding filings suggest that the investor holds 50 stocks with an estimated net worth of Rs 2,251 crore, Trendlyne data showed.

With a pick-up in business growth and a moderating slippage run-rate, medium-term credit costs are expected to be soft, noted the brokerage. Higher business growth combined with benign credit costs would lead to strong profitability in the medium term. Citing these the brokerage estimates a 1.1% RoA in FY23.

The company has posted its Q2 results largely in line with the estimates. Its consolidated PAT came in at Rs 490 crore versus Rs 504 crore in the same quarter last year

The pan-European STOXX 600 index fell 0.2% by 0719 GMT. The index hit more than a one-month high in the previous session on hopes that the U.S. Federal Reserve could slow its pace of interest rate hikes.

The Bloomberg Dollar Spot Index fell as much as 0.7%, sliding along with benchmark Treasury yields for a second day. Traders are pricing the upper bound of the Fed’s target range will peak at about 5% compared with almost 5.20% last week.