Profit by knowlytics
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Life insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven by regular premium products. Regular premium collections grew nearly twenty percent year-on-year, while single premium business increased. SBI Life Insurance emerged as the fastest-growing player among listed companies. Private insurers continue gaining market…
Laser Power & Infra plans a ₹742 crore IPO to repay debt and fund expansion. The company expects growth from power infrastructure and network expansion projects. Revenue and profits have risen, and return ratios have improved significantly. However, elevated debt and raw material price volatility pose risks. The issue is suitable for long-term investors with…
Asian shares advanced, led by a rally in chipmakers and South Korean stocks. Oil prices extended their gains for a third day, reaching about $78.80 a barrel. Treasury yields rose as markets anticipated earlier Federal Reserve interest rate increases. These events have reignited inflation concerns among investors and traders. Markets are now grappling with elevated…
Indian markets saw a significant decline on Wednesday, influenced by global factors. TCS anticipates modest profit growth amid client spending caution and wage pressures. Nalco and NLC India will form a joint venture for a power plant. HFCL plans substantial investment to boost optical fibre cable production capacity. Natco Pharma announced significant investments and stake…
Gold and silver prices declined significantly in Mumbai trading on Wednesday. This retreat followed global bullion market weakness and US President Donald Trump’s comments. Crude oil prices surged, stoking inflationary concerns and impacting investor sentiment. Analysts noted that rising inflation and a stronger US dollar reduced gold and silver’s appeal. Investors now await US Federal…
India added over 2.5 million demat accounts in June, the highest since February. This growth occurred as key market indices Nifty 50 and Sensex advanced significantly. Improved market sentiment followed the easing of geopolitical concerns and potential IPO announcements. Broader market participation and digital onboarding are attracting new retail investors. Future demat account growth will…
Private banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders’ profits will climb ten percent year-on-year. Balance sheet growth also favors private banks, with higher deposit expansion. However, public sector banks led in loan book expansion during the June quarter. Investor focus will remain on individual…
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking…
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across…
Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks’ leverage offerings to clients. High-net-worth individuals seek double-digit dollar returns, assessing tax implications. Banks are recalibrating deposit mobilization strategies after recent guideline releases. Investor expectations for higher spreads are increasing due to Indian supply.