ICICI Lombard delivered weaker-than-expected performance in Q3FY23 on all counts – weaker premium, lower investment income, and higher expense ratio, Motilal Oswal Financial Services said
Posts in category Business Standard
Gold prices remain unchanged at Rs 56,950 per 10 g, silver falls by Rs 600 (18-01-2023)
22-carat gold continued trading at yesterday’s close at Rs 52,200
Bank Nifty likely to consolidate in the near-term, says Ravi Nathani (18-01-2023)
According to the technical analyst, Bank Nifty’s break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts
Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani (18-01-2023)
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to Kotak Bank and Berger Paints.
MARKET LIVE: Flat start likely on D-Street; Tata Metaliks, ITC in focus (18-01-2023)
Stock market LIVE: At 7:55 AM, SGX Nifty was up 31 points at 18,107
Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL (18-01-2023)
Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses
Japan pushes global counterparts to regulate cryptocurrencies like banks (17-01-2023)
The country has been making its voice heard through the Financial Stability Board
ICICI Prudential Life Insurance net profit drops 29% YoY in Dec quarter (17-01-2023)
Its value of new business (VNB) increased 20 per cent YoY to Rs 618 crore in Q3FY23 compared to Rs 515 crore in the year-ago period
Sebi returns Lava Intl’s draft IPO papers; asks to refile with updates (17-01-2023)
Capital markets regulator Sebi has returned the draft IPO papers of Lava International and asked the home-grown mobile maker to file documents again with certain updates.
The move might delay the company’s initial public offering (IPO).
Lava International had filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in September 2021 to raise funds through an initial share-sale.
The proposed IPO comprises fresh issuance of equity shares worth up to Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares.
The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
The company proposes to utilise the proceeds from the fresh issue for marketing and brand building activities, funding acquisition and ot
Rupee slides 0.5% as importers continue to lock in dollar purchases (17-01-2023)
FPI outflows, likely RBI dollar purchases weigh on domestic currency