The company had reported a net profit of 352 crore in the year-ago period. The insurer’s gross direct premium income grew 13.4% to 6,230 crore during the quarter under review from 5,493 crore in the year-ago period aided by growth in the health and motor segment.
Andrew Freris cautions investors on overheated US equities and rate-cut hopes
Andrew Freris criticizes the Federal Reserve’s rate cut, deeming it based on outdated data and ignoring accelerating inflation. He maintains a negative outlook on US