'Margins will be an outcome of that. They will likely remain somewhat range-bound.' Photograph: Kind courtesy HDFC Life/Instagram HDFC Life on October 8, 2024, reported a 14.85 per cent year-on-year (Y-o-Y) increase in net profit at Rs 433 crore for the second quarter (Q2) of 2024-25 (FY25), primarily driven by growth in its back book. Its value of new business (VNB) increased 17.1 per cent Y-o-Y to Rs 938 crore in Q2, up from Rs 801 crore in the same period last year. The insurer's VNB ...

'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.''After three great years, the Indian economy has hit a rough patch.' Kindly note the image has been posted only for representational purposes. Photograph: ANI Photo   Benchmark equity indices retreated nearly 1 per cent on Friday, October 25, 2024, to log their worst weekly losing streak in 14 months amid sustained selling by overseas investors and earnings disappointments from major firms.

The rally in Indian mid-and smallcap indices thus far in calendar year 2024 (CY24) has been the best in class across the world, eclipsing the global FTSE benchmarks, and also out running peers from other leading world stock markets. Illustration: Dominic Xavier/Rediff.com This is despite the correction in the mid-and smallcap segments back home seen in the last few days, triggered by valuation concerns, geopolitical developments amid nervousness ahead of the July – September 2024 ...

'Higher interest rates make gold less attractive as it doesn't generate yield.''However, with rates set to fall, the tables are turning for gold.' Photograph: Kind courtesy Soofia Tailor/Pixabay   The outgoing Samvat 2080 proved to be a good year for investors of precious metals as gold (up 39.7 per cent) and silver (44.3 per cent) generated stellar returns. Indian equity benchmark indices, BSE Sensex and NSE Nifty 50, in comparison, gained 25.1 per cent and 27.9 per cent, respectively ...

Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday made a muted market debut and further fell by nearly 6 per cent against the issue price of Rs 1,960. IMAGE: Hyundai Alcazar. Photograph: Courtesy, Hyundai The stock listed at Rs 1,931, reflecting a decline of 1.47 per cent from the issue price on the BSE. Later, the stock made some recovery and hit a high of Rs 1,968.80, up 0.44 per cent. But, it failed to carry the momentum and further tanked ...

The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers -- a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. Photograph: PTI Photo from the Rediff Archives Natural gas pumped from below the ground and from under the seabed from sites ranging from the Arabian Sea to Bay of Bengal within India is the raw material that is turned into CNG for ...

Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. Photograph: Francis Mascarenhas/Reuters "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices ...

India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in September quarter net profit at Rs 11,909 crore, held back by a narrowing of profit margin. IMAGE: Krithi Krithivasan, MD and CEO, TCS. Illustration: Dominic Xavier/Rediff.com The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding June quarter, it had a post-tax net profit of Rs 12,040 crore. Tata Consultancy Services' revenues rose 7.06 per cent to ...

On a five-day rolling basis, FPI selling is the highest in 24 years. IMAGE: A broker reacts as he trades at his computer terminal at a stock brokerage firm in Mumbai. Photograph: Francis Mascarenhas/Reuters   India's benchmark indices fell nearly a per cent on Friday, October 5, in a topsy-turvy session to cap their worst weekly performance in more than two years. A deepening conflict in West Asia triggered risk-off bets from global investors and raised the risk of a runup in oil prices.