Life insurers first-year premium moving in subdued manner: CARE Ratings

Chennai (IANS) Indian life insurers after a robust growth in FY23, their first-year premium numbers in FY24 have been moving in a subdued manner, said credit rating agency CARE Ratings in its latest report.

However, for February 2024, first-year…

Small-cap stocks face selling pressure as broader markets underperform

New Delhi (IANS) Small-cap stocks are under as the index fell more than 1 per cent on Monday amid concerns over valuations.

BSE Small Cap Index is down 1.2 per cent while the benchmark Sensex is down only 0.34 per cent, down by 255 points.

India signs economic pact with 4 European nations, $100 bn FDI expected to flow in

New Delhi (IANS) India and the four-nation EFTA bloc of European nations signed an economic agreement on Sunday

India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland and Liechtenstein, signed an economic…

Volatility expected in markets in upcoming week

New Delhi (IANS) Volatility is expected to persist in markets in the upcoming week due to high valuations and forthcoming policy rate guidance releases, says Vinod Nair, Head of Research, Geojit Financial Services.

The ECB kept the rate status…

GAIL cuts CNG retail prices by Rs 2.50/kg

New Delhi/Chennai (IANS) Compressed Natural Gas (CNG) players like GAIL (India) Limited, its wholly owned subsidiary, GAIL Gas Limited and AG&P Pratham on Saturday announced a reduction of Rs 2.50/kg in their retail prices.

The price cut comes…

Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24

New Delhi (IANS) Coal sector PSUs such as Coal India Ltd and NLCIL have surpassed the annual target of 21,030 crore capital expenditure (CAPEX) fixed for the current financial year ending on March 31, 2024 with a total investment of Rs 22,448.24 crore…

Rising asset-quality risk on credit cards, dependence on fintechs for sourcing may be on RBI's radar

New Delhi (IANS) The Reserve Bank of India (RBI) may have some discomfort on Personal Loan on Credit Card (PLCC) as it could lead to higher customer leverage and drive some customers into the debt trap, Emkay Global Financial Services said.

Amid…

India nears record Rs 20 lakh crore worth mobile phone production in last 10 yrs

New Delhi (IANS) India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year (FY24) -- a whopping 7,500 per cent increase…

vivo launches new smartphones under its V30 series in India

New Delhi (IANS) Smartphone brand vivo on Thursday expanded its V-Series portfolio in India with the launch of the V30 series.

It includes two smartphones -- V30 Pro and V30. The V30 Pro comes in two colour options -- Andaman Blue and Classic…

India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK

New Delhi (IANS) India’s exports of agricultural products to major markets like Iraq, Vietnam, Saudi Arabia, and the UK, surged by 110 per cent, 46 per cent, 18 per cent, and 47 per cent, respectively, during April-November 2023, compared to the same…