Auto Sector

For the month of January 2023, based on the monthly business data published by the IRDAI, the market of share of LIC has come down MOM to 64.71% on cumulative basis while the share of private insurance companies has improved over the previous month of December 2022.

For January 2023, inflows into active equity funds remained positive and surprisingly robust.

The SIP flow data for January 2023 released by AMFI was the 6th consecutive month of consistently higher SIP flows.

Brent crude futures decreased by 28 cents, or 0.3%, to $84.22 per barrel, while U.S. West Texas Intermediate (WTI) crude futures decreased by 35 cents, or 0.5%, to $77.71.

India's final steel output climbed by 5.2% to 98.3 million tonnes between April and January.

The sovereign wealth fund held shares worth more than $ 200 million in Adani Group companies.

A rising dollar increases the cost of gold for buyers using other currencies.

The MOU aims to strengthen relations between research and training centres while also promoting investment and cooperation between the two firms in the energy sector.

The bank would now grant senior persons who deposit up to Rs2 crore an annual interest rate of 7.60%.

In January, the German Harmonized Index of Consumer Prices (HICP), which was predicted to increase by 10% YoY, surprisingly increased by 9.2% instead, slowing from the previous 9.6%.