Life Insurance Corporation of India (LIC) has alerted the public about fraudulent advertising practices on social media platforms. Miscreants are misusing the names and images of LIC officials and the company’s brand to deceive unsuspecting individuals.
LIC urges the public to exercise caution and not fall prey to such fraudulent activities. The company has clarified that it does not engage in social media advertising or promotions that offer unrealistic returns or guaranteed profits.
Meanwhile, Hindustan Unilever Limited (HUL), a leading consumer goods company, has reported a 1.53% decrease in its consolidated net profit for the fourth quarter of fiscal year 2024. The company attributed the decline in profit to deflation caused by softening commodity prices. HUL’s net profit stood at Rs. 2,561 crore for the quarter, compared to Rs. 2,601 crore in the corresponding period of the previous fiscal year.
LIC and HUL have advised the public to remain vigilant and report any suspicious activities or unauthorized use of their names or logos. They emphasize the importance of verifying the authenticity of information before making any financial decisions or engaging with unknown entities claiming to represent these companies.
