ICICI Prudential Life Insurance reported a 34% surge in first-quarter profit, reaching 3.02 billion rupees, driven by increased group policy premiums and reduced operating costs. Net premium income rose 8% to 85.03 billion rupees, fueled by a 20% jump in single premiums. However, growth in ULIPs slowed due to market volatility, while annualized premium equivalent sales fell 5% to 18.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting