LICI reported strong traction in Q1FY23 and printed APE of Rs 102.7 bn. VNB margin moderated 150bp q-o-q to 13.6%, while shareholders’ PAT stood at Rs 6,829 m in Q1FY23 v/s Rs 29 m in Q1FY22. Individual NBP grew 36% y-o-y to Rs 109.4 bn. The Individual/Group business constituted 63%/37% of APE. Within the Individual …
Sequoia Capital India, led by Ravishankar GV, was the top private equity (PE) investor in terms of the number of investments into Indian companies in calendar year 2021 among a pool of 103 active PE investors, said a report by Hurun Research Institute. Norwest Venture Partners, led by Niren Shah, and Alex Cook’s Tiger Global …
Go Digit General Insurance Ltd, backed by Canada-based Fairfax Group, has filed preliminary papers with markets regulator Sebi to garner funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer-for-sale (OFS) of 10,94,45,561 equity shares by a promoter and existing shareholders, according to …
Stocks in Asia got a lift from Japan on Friday while Treasuries were mixed as investors evaluated how far the Federal Reserve must jack up interest rates to ensure high inflation keeps cooling. Japan added about 2% in a catch-up rally as the equity market there reopened from a holiday but Australia and Hong Kong …
LIC share price has had a weak performance on the stock exchanges since listing earlier this year, but it may soon make money for investors with as much as 20% upside. LIC stock is down 20% since listing on the BSE and NSE, but analysts believe it can recover losses, considering the quarterly earnings performance …
By Tapan Patel Commodity prices traded higher with most of the commodities in the non-agro segment witnessed strong recovery during the week following the weaker dollar. Bullion prices rallied on safe haven buying post disappointed US GDP data and modest rate hike from FED. Crude oil prices traded up on higher demand and capped supplies …
M1xchange, one of the three Reserve Bank of India (RBI) recognised online invoice discounting and financing platforms, is eyeing nearly Rs 45,000 crore in throughput value in the current financial year, higher than Rs 23,100 crore in FY23, CEO Sundeep Mohindru told FE. Throughput value is the overall value of bills/invoices discounted or financed on …
S&P BSE Sensex and NSE Nifty 50 have soared more than 1% so far this week as bulls continued to dominate Dalal Street. Volatility has also slipped from its highs of close to 21 levels to not sit near 18 levels. Next week is once again a holiday-shortened one for Sensex and Nifty, however, there …
Jaora MP Assembly Election 2023 Details: The election for Jaora Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Jaora Constituency Assembly Election 2023 that …
By Bhavik Patel WTI rallied almost 3.5% on Thursday after trading at a 6 month low as there is worry of tight supply. For the past 2 months, oil prices are falling steadily on account of recession fears. U.S. crude oil inventories, excluding those in the SPR, are now just 425 million barrels, 6% below …