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Aegis Vopak Terminals, the provider of storage terminals for LPG and various liquid products, and Schloss Bangalore Ltd, the operator of the luxury hotels brand “The Leela” in India, are set to make their debut in the Indian stock market next week after a muted response to their initial public offerings (IPO). Aegis Vopak Terminals…
India traditionally carried a 20-25% risk premium versus other emerging markets. However, recently, that premium has soared to 60%, a level unjustified by the current pace of corporate earnings growth, Sunil Tirumalai, head of Emerging Markets and Asia Equity Strategy at UBS Securities, said during a virtual media briefing on Tuesday. Indian equities often carry…
Its management is looking to achieve standalone volume growth of mid-to-high single digits in FY26. Consolidated revenue and Ebitda (earnings before interest, taxes, depreciation, and amortisation) growth is seen in the high single digits and double digits, respectively. In the March quarter (Q4FY25), consolidated organic volumes grew 6% year-on-year, driven by 4% growth in India…
Gold’s retail demand in India rose due to Akshaya Tritiya, dealers say Chinese markets closed for Labour Day holiday from May 1-5 Premiums of $2-$2.50/oz charged in Singapore this week By Rajendra Jadhav and Anushree Mukherjee May 2 (Reuters) – Gold started trading in premium in India this week for the first time in five…
SBI Life Q4 Results: SBI Life Insurance announced a slight year-on-year (YoY) increase of 0.3% in consolidated net profit for the March quarter, totaling ₹813.5 crore, compared to ₹810.8 crore during the same period last year. Net premium income fell by 5% YoY to ₹23,861 crore in Q4FY25, down from ₹25,116 crore in the corresponding…
Additionally, the insurer’s gross written premium (GWP) increased 10.4 percent to ₹28,257.7 crore in FY25, compared to ₹25,594.2 crore in FY24 while net earned premium grew 17.4 percent to ₹19,800.2 crore during the same period. Commenting on the results, Sanjeev Mantri, Managing Director & CEO, said, “We delivered strong growth across key financial metrics despite…