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.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is