Ratan Tata and Tiger Global-backed wealth management platform Upstox has entered into the insurance distribution business. The platform has onboarded HDFC Life as the first insurer on its platform. It will feature its term insurance plans on the latter’s platform. With this launch, the company aims to revolutionise India’s insurance landscape by offering its users … Read more
HDFC Life has announced its highest-ever bonus of Rs. 3,722 crore on participating plans. According to the insurance provider, this significant bonus is set to benefit approximately 22.23 lakh policyholders. Participating plans or par plans are a distinctive type of life insurance policy that allow policyholders to share benefits in company profits in the form … Read more
Mumbai: HDFC Life has reported a 15% increase in the fourth-quarter net profit at ₹412 crore, backed by strong policy renewals. During the same quarter, in the previous year, the company had reported a profit of ₹358 crore. The insurer generated 18% growth in back-book surplus during the year. The company’s total annualised premium equivalent … Read more
Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend. According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels. Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divi’s Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited … Read more
Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more
Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run. Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday. … Read more
In between hectic trading days, equity investors will have room for small breathers with four long weekends scheduled in the first three months of the current calendar year. In January, exchanges will remain closed on January 26 on account of Republic Day, which is falling on Friday. Hence, there will be three consecutive days off … Read more
After ending Tuesday’s session 89 points higher, Nifty was trading range-bound with a marginal positive bias on Wednesday. Nifty faces substantial resistance in the range of 19800-19900, and a breakthrough of these levels could trigger a swift upward movement, prompting an unwinding on the call side and potentially propelling the Nifty to the 20000–20200 zone, … Read more
Also, Macquarie maintained a neutral stance on HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target … Read more
Mumbai: Indian equities weakened on Monday as heightened uncertainty over the Israel-Hamas conflict led to a flight of money, across global markets, to safe-haven assets such as gold and the US dollar. The surge in oil prices in the wake of the geopolitical tensions also soured sentiment among investors, already anxious about the persistent inflation … Read more