ICICI Prudential Life Q1 new business premium rises 21%; VNB grows 25%
ICICI Prudential Life reports strong Q1 FY27 growth: NBP up 21.3%, VNB rises 24.9%, VNB margin improves to 26.7%.
admin
Raymond Realty enters South Mumbai with ₹8,500 crore Parel project
The joint development agreement marks the company’s first residential project in South Mumbai and its eighth in Mumbai, extending its asset-light expansion strategy while making the Parel development its largest project outside the Thane land parcel.
ASML raises full-year outlook as Dutch chipmaker gets boost from AI demand
ASML raised its annual sales forecast due to surging AI spending. The company, crucial for advanced chip production, saw strong demand and Intel Corp. began using its High NA machine.
SBI Funds Management IPO fully subscribed on Day 2, NII demand drives issue
SBI Funds Management IPO had been subscribed 1.13 times so far. The NII portion was booked 2.56 times, while the retail investor quota was subscribed 0.95 times. The qualified institutional buyers (QIB) segment saw a subscription of 0.08 times.
Patanjali Foods shares fall nearly 20%, the most in six years; CEO clarifies on sell-off
Among large shareholders, Life Insurance Corporation of India (LIC) holds over 9% stake, while GQG Partners has a 2.89% stake in Patanjali Foods as on June 30. In fact, over the last five quarters, GQG Partners’ stake in Patanjali Foods…
Anupam Rasayan signs potential ₹2,885 crore supply pact with Spanish battery maker
The speciality chemicals maker said the proposed engagement is for potential cumulative revenue of approximately ₹2,885 crore ($300 million) over a period of up to 10 years.
India-UK FTA comes into effect — Here are the stocks that are in the spotlight
The India-UK free-trade agreement (FTA) comes into effect and it is expected to increase the annual bilateral trade by $120 billion. This includes tariff cuts, improved mobility and market access guarantees. The average tariff on UK imports will drop from…
July Fed rate hike off the table after softer June CPI: Ed Yardeni
While the central bank is expected to keep its restrictive policy stance until inflation returns to its 2% target, Ed Yardeni, President of Yardeni Research, said softer CPI data has reduced the case for another rate hike. He also said…
Signature Global shares gain after Q1 pre-sales rise 25% sequentially but other parameters drop
Signatureglobal India’s average sales realisation increased to ₹17,093 per square feet in the first quarter from ₹15,250 per square feet in the same quarter last year.
Defence capex growth to stay strong, private players to gain share: Kotak Institutional Equities
Deepak Krishnan, Analyst at Kotak Institutional Equities, said the brokerage remains positive on the long-term outlook for the defence sector but believes stock prices already reflect much of the expected growth.