The fourth quarter results are underway and some big earnings are scheduled for this week. To kickstart on Tuesday are the earnings from ICICI Lombard, ICICI Prudential Life and IREDA. Apart from the above, Delta Industrial Resources, GM Breweries, Hathway Bhawani Cabletel and Datacom, MRP Agro and Swastik Safe Deposit and Investments will also announce … Read more
MUMBAI – The euphoria built in equities in the last 5 months somewhat fizzled out after inflation concerns resurfaced this month with the Reserve Bank of India’s hawkish view and firming up of oil prices. However, this time around neither is inflation going to be a major cause of concern nor will it lead to … Read more
The Street saw a host of block deals on Tuesday as both foreign and domestic institutional investors picked up stakes in 360 One, Inox Wind, Bikaji and Minda Corp. Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price … Read more
Mumbai: Shares of ICICI Prudential Life Insurance Co fell as much as 5% in Wednesday’s trading to their lowest levels in nearly one month after the private life insurer posted a drop in first quarter core business revenue. However, analysts remained hopeful of a recovery on the back of a renewed business strategy, and maintained … Read more
Promoter Abrdn has sold its entire stake in HDFC AMC through block deal on Tuesday and earned about Rs 4,079 crore. According to the block deal data available with the exchanges, Abrdn has sold 2.18 crore shares or 10.2% stake in the company at Rs 1,873 apiece. Further, data showed that prominent investors lapping up … Read more
Global brokerage JPMorgan has maintained an overweight rating on and a neutral stance in case of Bharat Forge. Macquarie believes that Life Insurance will outperform while Nomura has a buy rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on : Outperform | Target … Read more
NEW DELHI: Following changes made in the Union Budget last week and RBI policy on Wednesday, global brokerage firm Jefferies has reshuffled its India model portfolio to add and Cholamandalam Finance by removing . “Our finance team is now incrementally positive on non-bank lenders as the rate hike cycle nears its end,” Jefferies’ Mahesh Nandurkar … Read more
Mumbai: ‘s assets under management rose to touch ₹2.5 lakh crore as new products were lapped up by customers. “This is an outcome of offering customer-centric products, growth in new business premium, industry-leading persistency ratios, superior customer service and delivering superior risk-adjusted returns,” the company said in a statement. The company commenced operations in December … Read more
The insurance industry has witnessed a shift from unit-linked plans toward non-linked plans. Non-linked businesses contributed 80% to the new business premium of the industry. What does this trend mean for the bottom line of insurance companies?Nearly every industry was affected by the Covid-19 pandemic, and each one has responded differently. Additionally, it has brought … Read more