ICICI Lombard GIC Q4 net profit down; board declares ₹7 final dividend
Ahead of announcing Q4 earnings, shares of ICICI Lombard rose 6.5% on the BSE to close at ₹1,830.
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HDFC Bank-led financials propel India’s market bounceback after April 2 tariff shock
Indian stocks rebounded sharply, with the Nifty50 index surging 2.2% to close at 23,328.55. Financial stocks led the recovery, with HDFC Bank, ICICI Bank, and Bajaj Finance driving gains.
Urban Company slashes IPO size by over 80%, secures nod to raise ₹528 Crore
Urban Company plans to raise ₹528 crore via an IPO, downsized from ₹3,000 crore. The IPO, valuing the company at $2.5-$2.8 billion, will be filed by May 2025.
SEBI halts Gensol Engineering stock split, bars promoters from market access
SEBI has put Gensol Engineering’s stock split on hold, barred promoters Anmol and Puneet Singh Jaggi from accessing the market, and appointed a forensic auditor to probe fund misappropriation and misleading disclosures.
Trade Setup for April 16: Nifty’s 900-point rally in two sessions may pause as IT heavyweights report results
The Indian equity market recovered all the losses seen after US President Donald Trump’s reciprocal tariff announcement on April 2. This made India the first major equity market globally to erase the tariff-induced losses.
IT sleuths target brokers for proprietary trading abuse
The notices, many of which were sent between February and March this year, point to unusually large unsecured loan entries — in some cases, running into hundreds of crores — in the books of prop-trading brokers. Officials suspect that these…
ICICI Prudential Life Q4 results: Net profit rises 40% in FY25; declares final dividend
ICICI Prudential Life posted a 39.6% rise in FY25 profit at ₹1,189 crore, led by strong growth in retail protection business and APE breaching the ₹10,000 crore mark for the first time.
NSE adds over 84 lakh new demat accounts in FY25
The total number of active demat accounts on the NSE stood at 4.92 crore as of March 2025.
Aditya Birla Real Estate: FY25 booking value at ₹8,000 cr, more than doubles YoY
Birla Estates, a subsidiary of Aditya Birla Real Estate, reported over 100% year-on-year growth in booking value for FY25, driven by strong launches across Gurugram, Bengaluru and Pune.
UBS cuts global growth forecasts, says India less hit but not immune
Tanvee Gupta Jain, Chief India Economist, UBS Securities India, said lower oil prices may offer partial relief for India. UBS has revised its crude oil assumption downward to $65 per barrel from $75 per barrel.