News Overview

Banerjee stated that the bank currently has no intentions to make more investments in AIFs. The lender had set aside ₹627 Crore for AIF investments.

SBI Life has the biggest ULIP share among its peers, but analysts believe the company's low-cost structure allows it to better cushion its margins.

Amidst the spike in brent crude and dollar index, the one thing to watch out is the India GDP deflator

Earlier this year, Hyundai acquired a former Chevrolet plant in western Maharashtra state, as part of its strategy to ramp up production to meet the 1 million-unit target.

Market outlook for the next week (29-Apr to 03-May)

India's third-largest software and information technology (IT) service provider reported a 7.1% growth in revenue from operations to ₹28,499 Crore.

After robust NFO collections in FY22; the NFO story of FY23 and FY24 has been relatively modest

ATC Telecom Infrastructure had a 2.87% investment in VI after converting debentures into equity.

Advent's investment will be made through compulsory convertible instruments in two tranches, securing a 12.1% stake in the merged entity

The company's total revenues for FY24 amounted to ₹1,314.2 Crore, slightly down by one% from ₹1,327.7 Crore in FY23.