India’s general insurance sector reports muted growth in July
India’s general insurance sector experienced slow growth in July. Premium growth was only 2.8 percent. Motor insurance sales were weak. Big companies like Bajaj Allianz and ICICI Lombard saw declines. New India Assurance, however, grew by 16 percent. Health insurers performed better, growing over 10 percent. The industry’s total premium was ₹29,729 crore.
Sebi permits joint inspections of stock brokers by Market Infrastructure Institutions
Sebi has permitted Market Infrastructure Institutions (MIIs) to conduct joint inspections of stock brokers, streamlining the process. This move aims to reduce the burden on intermediaries caused by frequent, separate inspections by stock exchanges, depositories, and clearing corporations. MIIs are also required to establish information-sharing mechanisms for inspection observations.
Can US-Russia summit alleviate India’s concerns over Trump’s tariff policies?
Indian equity markets rebounded on Thursday, recovering from earlier losses fueled by tariff concerns. Optimism surrounding a potential Trump-Putin meeting spurred hopes for eased US-India trade relations, particularly regarding Russian oil purchases. The NSE Nifty and BSE Sensex both closed marginally higher, driven by short covering and positive momentum indicators, suggesting a possible continuation of […]
RBI grants AU Small Finance Bank a universal license, first in a decade
The Reserve Bank of India has granted AU Small Finance Bank a universal banking license, the first in a decade, potentially paving the way for other small finance banks to transition. AU Bank met the RBI’s stringent criteria, including minimum net worth, capital adequacy, and asset quality.
Sun TV Network Q1 net profit dips amid ad revenue decline
Sun TV Network reported a 3% YoY drop in Q1 profit to ₹529 crore due to weak advertising revenues, while subscription income grew 10%. EBITDA fell 13% to ₹617 crore.
Kalyan Jewellers Q1 Results: Cons PAT jumps 49% YoY to Rs 264 crore, revenue grows 31%
Kalyan Jewellers posted a 49% YoY jump in Q1FY26 net profit to Rs 264 crore, driven by strong domestic and international growth. Revenue rose 31% YoY to Rs 7,268 crore, with upbeat outlook for the festive season.
Knowledge Realty Trust REIT becomes India’s largest and most subscribed REIT IPO at 13x
Knowledge Realty Trust REIT, co-sponsored by Sattva Group and Blackstone, received over 13 times subscription, making it India’s largest and most subscribed REIT IPO. Institutional and retail interest highlighted growing confidence in India’s commercial real estate sector.
Sebi introduces joint inspection framework for brokers, DPs
Markets regulator Sebi on Thursday mandated a unified annual inspection for stock brokers and depository participants to be conducted jointly by all relevant market infrastructure institutions, replacing the existing practice of separate assessments by each entity.
OppenheimerFunds sells Kotak Mahindra Bank’s shares for Rs 2,035 cr
Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction.
HPCL Q1 Results: Standalone PAT skyrockets 1,128% YoY to Rs 4,371 crore, revenue sees marginal decline
HPCL reported a sharp 1,128% year-on-year rise in Q1 standalone net profit to ₹4,371 crore, driven by strong refinery throughput and operational efficiency, despite marginally lower revenues and weaker refining margins.