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 …
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 …
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 …
European stocks reversed early losses on Thursday as investors remained bullish even after Federal Reserve policy meeting minutes and comments from a European Central Bank official showed that the inflation outlook had not improved. Stocks have staged a strong rebound in the past two months on hopes a peak in the pace of monetary tightening …
By Umang Thaker Systematic investing through SIP in mutual funds has become a buzz word for many savers – however, keeping the discipline of regular investments especially during a crisis requires a certain level of tenacity. Investors often encounter the ‘urge to sell’ at the first sign of trouble. This is more behavioural than analytical. …
Indian equity markets were volatile on Tuesday as tepid global mood kept investors on sidelines. NSE Nifty 50 index was testing the 17,500-mark, while the S&P BSE Sensex was flat at 58,800 levels. Among individual stocks, shares of Infosys dropped over 2 per cent after the IT major slashed average variable payout for the June …
By Sanjeev Babbar In the ever-evolving landscape of automotive manufacturing, one cannot overlook the environmental challenges that persist. Mumbai’s recent decision to retire its iconic red diesel-run double-decker buses, in service since 1937, serves as a poignant reminder of the imperative to embrace sustainable alternatives. Regulations can differ from country to country, making global automakers’ …
Share markets pushed higher and Europe’s bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world’s top central bankers to soaring inflation. Wall Street futures were pointing to a second day of gains, while Europe was lifted by another 1.5% jump …
Global shares were mixed Wednesday as markets looked to strong economic signs out of the US and China as drivers of growth. European shares slid in early trading, while benchmarks finished higher in Japan, China and Australia. Shares fell in South Korea. Analysts warned major risks remain, such as surging COVID-19 cases in some countries …