MRPL, SAIL, Tata Steel in focus as Nifty signals bottom formation near 25,500: Nagaraj Shetti

Indian equity markets are showing early signs of stabilization after weeks of volatility, with the Nifty consolidating around key support levels, said Nagaraj Shetti, Technical & Derivative Analyst at HDFC Securities.Speaking to ET Now, Shetti said the index has been witnessing high volatility near the 25,500-25,600 zone, but consistent buying from lower levels indicates a […]

ICICI Lombard reports lower quarterly profit as commissions and personnel costs rise

India’s ICICI Lombard General Insurance reported a decline in third-quarter profit on Tuesday as higher payouts to agents and employees outweighed strong demand in health and auto insurance.Backed by ICICI Bank, one of India’s largest private lenders, ICICI Lombard offers marine, crop and fire insurance in addition to car and health insurance. The demand for […]

ICICI Lombard warns exchanges after employee shares report third quarter results on WhatsApp

ICICI Lombard General Insurance disclosed a corporate governance lapse after draft, unaudited financial information for the December quarter was inadvertently shared on a senior employee’s personal WhatsApp status, prompting the insurer to inform the stock exchanges as a precautionary measure.ICICI Lombard said in a filing with the regulator that a ‘designated person’ accidentally posted certain […]

Motilal Oswal names 30 potential multibagger stocks in India’s journey to a $16 trillion economy

Motilal Oswal Financial Services has identified 30 companies that it believes could benefit most as India enters its next multi-decade growth era. The broker expects India’s gross domestic product to rise from $4 trillion today to over $16 trillion by 2042, driven by steady domestic demand, a young demographic, rising productivity and a sustained investment […]

FIIs go back to India after 12 months of absence, says HSBC; Chooses 11 shares

Only one day after HSBC has upgraded Indian shares to ‘overweight’ of ‘neutral’ after attractive valuations, supporting government policy and resilient domestic streams, the broker has now said that foreign institutional investors (FIIs) will probably make a comeback after a long -term absence of 12 months. To take advantage of this trend, HSBC has mentioned […]

Icici Lombard works together with Mahindra Finance to expand the distribution of the motor insurance

The Tie-Up combines the technology-controlled insurance expertise of Icici Lombard with the deep community of Mahindra Finance on rural markets. | Photocredit: Ridofranz Icici Lombard General Insurance has entered into a strategic partnership with Mahindra & Mahindra Financial Services LTD to distribute motor insurance products, the companies announced on Monday. The collaboration is intended to […]