Shares Archives - Page 83 of 97

17 Apr

ICICI Prudential Life Insurance Profit After Tax grows by 39.6% to ₹ 1,189 crore in FY2025

MFNewsBrands, Business, Insurance, Shares, Technology

#ICICIPruLifeGrowsby39.6% Final dividend of ₹ 0.85 per share declared Chandigarh: ICICI Prudential Life Insurance registered a strong growth of 39.6% in its Profit After Tax (PAT) to 1,189 crore for FY2025. The Value of New Business (VNB), which represents the present value of future profits, stood at 2,370 crore with a VNB margin of 22.8% in FY2025. The total Annualised Premium Equivalent (APE) grew by 15% year-on-year to 10,407 crore in FY2025. Retail protection business APE grew by 25.1% year-on-year to 598 crore in FY2025. Annuity business grew at a two-year CAGR of 31.4% in FY2025. The Company’s retail New…

16 Apr

Exports during FY 2024-25 is estimated to grow by 5.50% at $820.93 Billion, $778.13 Billion in 2023-24

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Drugs & Pharmaceuticals exports increased by 9.39% from US$ 27.85 Billion in FY 2023-24 (April-March) to US$ 30.47 Billion in FY 2024-25 (April-March) New Delhi: India’s total exports (Merchandise and Services combined) for March 2025* is estimated at US$ 73.61 Billion, registering a positive growth of 2.65 percent vis-à-vis March 2024. Total imports (Merchandise and Services combined) for March 2025* is estimated at US$ 77.23 Billion, registering a positive growth of 4.90 percent vis-à-vis March 2024. Table 1: Trade during March 2025* March 2025 (US$ Billion) March 2024 (US$ Billion) Merchandise Exports 41.97 41.69 Imports 63.51 57.03 Services*…

16 Apr

Godrej leads the way in trust and reliability with BIS and ISO certified security Safes

MFNewsBrands, Business, Entertainment, Health, Shares, Technology

#GodrejBISISO ~Blending trust, technology, and compliance to create a secure and more informed marketplace~ Chandigarh: The Godrej Enterprises Group's Security Solutions Business continues to empower customers with certified, superior security solutions, demonstrating its unwavering dedication to consumer awareness. As security needs evolve, trust and reliability have become more important than ever. Certified products not only protect consumers but also strengthen confidence in the security solutions they rely on. By adhering to stringent certification standards such as BIS (Bureau of Indian Standards) and ISO, the brand continues to set industry benchmarks, enabling consumers to make informed decisions with assurance. Mr. Pushkar…

15 Apr

Bank of India Reduces Home Loan Rates by 25 Basis Points for New and Existing Customers

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#BOIReducesHomeLoan25BP Chandigarh: Bank of India, one of the leading public sector banks in India, has announced a reduction of 25 basis points in its home loan interest rates, benefitting both new and existing customers. With this revision, the home loan rate stands reduced to 7.90% p.a. based on CIBIL score. This move is aimed at making home ownership more accessible and affordable, in line with the Bank’s ongoing commitment to support customers in achieving their financial goals. The revised rates come into effect from the 15th April 2025. In addition to home loans, Bank of India has also reduced interest…

15 Apr

Godrej Industries’ Chemicals Business acquires Business of Savannah Surfactants Limited

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#GodrejSavannahSurfactants Chandigarh: Godrej Industries’ Chemicals Business today announced the completion of a Business transfer with Savannah Surfactants Limited, with the acquisition of their Food Additives Business. As a leading player in Oleochemicals, Surfactants, Specialities and Biotech sectors, this transaction will help the company expand its product offerings to the Food & Beverages Industry globally. Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said,” We are glad to have completed this transaction at the start of the fiscal year. This acquisition is in line with our vision and strategy to grow in a profitable and sustainable manner. The…

15 Apr

IHCL INCREASES ITS FOOTPRINT WITH 100 NEW LOCATIONS IN FY2025

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#IHCL100NEWLOCATIONS2025 WITH 74 SIGNINGS AND 26 HOTEL OPENINGS Chandigarh: Indian Hotels Company (IHCL), India’s largest hospitality company, increases its footprint with 100 new locations, with 74 signings and 26 openings in FY2025, taking its portfolio to 380 hotels. Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “IHCL in the last fiscal year has clocked a record 74 signings with over 95% of these signings being capital light and resulted in an industry leading pipeline of 137 hotels. This was enabled by IHCL’s strong brand presence across market segments coupled with the sustained demand buoyancy. In…

15 Apr

Bulls are Back: Sensex jumped over 1,750 points and the Nifty surged past 22,300

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#BullsareBackSensex1750UP Indian investors get richer by nearly Rs 11 lakh cr, one of the sharpest single-session gains in recent months. Mumbai: Since the close of April 3, the Nifty and Sensex are higher by 0.6 percent and 0.3 percent respectively, while the overall market-cap gains since then amount to Rs 78,699.55 crore. Financials, which hold the highest weight on the indices, gained more than 2 percent. The smallcap and midcap indices also rallied 3 percent each, staging a recovery from recent underperformance. Indian equities staged a dramatic comeback on Tuesday, wiping out all the losses since the Liberation Day. The Sensex…

15 Apr

Dabur Revives 16,800 KL Community Pond in Baddi; Moves Closer to Water Positivity

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#Dabur16800KLBaddi New Delhi: India’s leading Natural & Ayurvedic Healthcare Company Dabur India Ltd today announced the successful revival of an old, neglected community pond in village Narangpur of Baddi (Himachal Pradesh). The restored water body, with a capacity to collect and harvest over 16,800 KL of rainwater, is the 20th water body to be revived by Dabur and marks a significant step forward in Dabur’s mission to become a Water Positive Organization by 2030. The revamped Narangpur pond was handed over to the local community by Dabur India Limited Chairman Mr. Mohit Burman, in the presence of the Dabur Management…

14 Apr

Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors to launch mutual fund business soon

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#CapitalmindFinancialMF #JioBlackRockMF #PantomathCapitalAdvisorsMF Mutual Fund Market: Three new players to launch mutual fund business will launch their MF business in the coming months Mumbai: SEBI data shows that three new players will launch their MF business in the coming months. These include Capitalmind Financial, Jio BlackRock and Pantomath Capital Advisors. All the three players have already received an in-principal approval. In fact, Capitalmind Financial has received a final approval to launch schemes while the other two await the same. While the management of Jio Blackrock could not be reached till the time of writing this article, Cafemutual talked to the…

13 Apr

They Read Markets Well and Sits on Cash, Buying on Dips

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#PPFAS, Motilal Oswal, and Quant Mutual Funds lead cash holdings for March 2025 Mumbai: For the month of March, the largest cash holdings were seen in funds owned by major fund houses like PPFAS Mutual Fund (21.9%), Motilal Oswal Mutual Fund (17.8%), and Quant Mutual Fund (10.3%), according to a latest report by Motilal Oswal. On the other hand, the lower cash holdings ( amongst the top 20 funds) were seen in Mirae Asset Mutual Fund (1.3 percent) and Kotak Mahindra Mutual Fund (2.5 percent). According to the report, the total equity value of the top 20 AMCs was up…