HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive financial results. HDFC Life reported a twelve percent rise in net profit, while ICICI Prudential Life’s profit increased twenty-eight percent. Both companies experienced strong contributions from their protection product offerings. Customer acquisition and product mix guided their respective business strategies during the period.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap