The overall growth in premium underwritten by general insurance companies declined during the quarter ended June of FY25 in the wake of the lower growth rate in the motor and health segments. The growth in premium underwritten declined to 13.33 per cent at Rs 72,758 crore in the June quarter of FY25 as against a growth of 17.88 per cent (Rs 64,198 crore) in June quarter of FY23 and 22.15 per cent growth in the same period of FY22, according to data from the General Insurance Council, the apex body…
Tag: growth
F&Os surge hurt capital formation, growth; a major concern: SEBI, RBI | Business News
FINANCIAL MARKET regulators Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) are worried that the surging volumes in futures and options have started impinging on capital formation and thus pose a systemic risk to India’s economic growth. “Two years ago, when retail investors flooded the F&O segment, we worried about losses to them, and restricted our action to educating them, warning them. Indeed, nine out of 10 investors were losing money as we subsequently found out. From a micro concern of retail investor losses,…
TCS Q1 revenue: TCS Q1 dollar revenue growth expected to remain subdued amid cross currency headwinds
[ad_1] essence TCS’ dollar-denominated revenue is expected to increase by 1.9% sequentially to $6,824.5 million, compared to a 2.6% increase in the prior quarter, according to an average of estimates from ETIG and eight brokerages. A weaker euro and pound against the dollar will impact the reported growth, even though constant currency (CC) growth is expected to exceed 3-4%. ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report a moderation in sequential revenue and profit growth in dollar terms for the June 2022 quarter, keeping in view the…
Nifty 50: Nifty 50 companies may register 21% growth in June quarter earnings on a lower basis
[ad_1] Mumbai: nifty 50 The companies are likely to register year-on-year (YoY) growth of 32% and 21% Revenue And profitsrespectively, on the back of the low base in the June 2022 quarter (Q1), as per Analysts‘ Estimate. Excluding financial, telecom and commodities, revenue and profit growth is expected to come in at 22% and 16%, respectively. According to data compiled by Antique Stock Broking, auto, energy, cement and consumption sectors will lead the growth in revenue in the June quarter, while healthcare, utilities and banks are likely to lag behind.…
TTK Healthcare: TTK Healthcare’s ‘Love Depot’ enthuses Street about growth prospects
[ad_1] ET Intelligence Group: TTK Healthcare, maker of male contraceptive brand Score, on Tuesday announced the launch of its direct-to-consumer (D2C) online venture ‘Love Depot’ to sell passion products – a first of its kind initiative in the country. Billed as The stock gained over 5 per cent. Love Depot sells international brands such as PlusOne, Love Honey, We-Vibe, Jay Jou and Satisfire as well as TTK Healthcare’s own brands Score and MSChief. [ad_2] Source link
Wall Street: Wall Street falters as consumer pessimism fuels growth fears
[ad_1] NEW YORK, June 28 (Reuters) – wall Street Tuesday closed sharply lower in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and rising earnings season. S&P and Nasdaq Apple Inc, Microsoft Corp and Amazon.com lost their weight by about 2% and 3%, respectively. The blue-chip Dow dropped nearly 1.6%. “The market was fine to date until consumer confidence numbers came out,” said Peter Tuz, president of the Chase Investment Council in Charlottesville, Virginia. “It was weak and the markets immediately started…
Credit card growth, record high credit consumption signals a pick-up
[ad_1] Credit Card Additions and Expenses Climb Fastest May In recent quarters, underscoring the fading effect of Covid-induced disruptions on consumption habits, a growing number of urban Indians have taken long holidays and bought high-ticket discretionary items after being nearly padlocked for two consecutive summers. The banking industry added 1.7 million cards in May, the highest in 27 months. Extraordinary Loan It was the highest ever on credit cards, breaking the ₹1.54-lakh-crore mark. “The latest data shows that credit card spend have been very strong, touching an all-time high (up…
IMF: Hard currency growth in India’s forex reserves limited to just $4 billion in FY12
[ad_1] India added $ 47.5 billion to this foreign exchange reserves Last fiscal year, down almost half of the previous year. But a drill down of the data shows that about $26 billion of those incremental reserves were due for approval. special Drawing Rights From International Monetary Fund and revaluation of gold reserves. Only $4 billion worth of hard foreign currency assets were added to the forex kitty. An additional $17.7 billion in reserves was provided by the IMF SDR The allocation and the increase in the value of gold…
Inflation reflects growth dynamics in India: Christopher Wood
[ad_1] Key note address delivered by Christopher Wood, equity strategist, CLSA, in his first public appearance in India, at the ET Now Market Summit-2010. Excerpts: Hello everybody and thank you for asking me. I will be running through some charts which were still first with the situation in the West. Then I will move on to charts on Asia and India. So I get the bad news out of way first. But this seems to be the wrong way around. So I am getting from back to front here. (…
Adani: Adani Group’s valuation growth fastest at 88 per cent, Ambani-led RIL up 13 per cent: Report
[ad_1] Adani Group A report on Wednesday said that in the six months to April 2022, there has been an increase of 88.1 percent in terms of value to Rs 17.6 lakh crore. In comparison, billionaire Mukesh Ambani‘s Reliance Industries – which has almost all of its ventures – increased its value by 13.4 per cent to Rs 18.87 lakh crore, helping it retain the top ranking in the Burgundy Private Hurun India 500 rankings. 12.97 lakh crore, followed by , and. In Ahmedabad-based Gautam Adani-led firms, valuations for It…