ICICI Prudential Life Insurance Company Ltd on Monday (July 13) reported a 23.1% year-on-year increase in net profit for the first quarter, driven by higher total income. The company’s net profit rose to ₹965 crore, compared with ₹784 crore in the corresponding quarter last year. Total income increased 17.6% year-on-year to ₹1,564.2 crore, up from…
State-run Container Corporation of India Ltd. (Concor) reported an 8.89% year-on-year increase in container volumes for the quarter ended June, driven by growth in both export-import (EXIM) and domestic cargo. The company handled 14.05 lakh twenty-foot equivalent units (TEUs) during the June quarter, up from 12.90 lakh TEUs a year earlier, according to its provisional…
Fashion sourcing and manufacturing platform serving global leading brands and retailers, PDS Ltd on Monday (July 13) said it has entered into a multi-year Sourcing as a Service (SaaS) partnership with the global sourcing arm of a leading French-headquartered global supermarket to manage the retailer’s textile sourcing operations across five countries. Under the agreement, PDS…
Devang Mehta, Deputy Managing Director & CIO-Equity at Spark Capital Private Wealth, says banks and NBFCs are well placed to benefit from improving credit growth, a strengthening capex cycle and rising consumption. He expects BFSI to outperform as private banks recover and NBFCs remain in a sweet spot. Mehta also favours discretionary consumption, including jewellery…
BSE Sensex settled at 77,616.40, up 47.01 points (+0.06%). Immediate support is placed around 77,300–77,100, while resistance is seen near 77,800–78,000. A decisive breakout above this range could strengthen the ongoing bullish momentum, Arora stated. Source link
PharmEasy IPO: Company commited to go public The IPO chatter comes after a string of corporate moves at API Holdings over the past few years. It acquired diagnostics chain Thyrocare Technologies back in September 2021. More recently, in September 2025, the company raised Rs 1,700 crore through a non-convertible debenture issuance led by 360 ONE…
Q1 Results FY27 Today Live, July 13: The June quarter earnings season gathers momentum on July 13, with 15 companies slated to announce their Q1 FY27 results. Investors will closely watch earnings for insights into demand trends, margin performance, deal wins, and management commentary amid an evolving macroeconomic environment. HCLTech, ICICI Prudential AMC in spotlightAmong…
JBM Electric Vehicles, the electric mobility arm of JBM Auto, has signed a memorandum of understanding (MoU) with electric commercial vehicle leasing platform Drivn to supply 500 electric buses, with deployment planned in phases over the next year. The initial rollout will focus on intercity coach operators across India under a leasing model that combines…
The Supreme Court has upheld the Bombay High Court’s order approving the Reserve Bank of India’s (RBI) scheme to merge Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank, dismissing petitions challenging the reconstruction plan. The pleas had contended that depositors with balances exceeding ₹5 lakh would have to wait for up to…
The ₹9,795-crore initial public offering (IPO) of SBI Funds Management Ltd., India’s largest asset management company, will open for subscription on Tuesday, July 14. The public issue will remain open until July 16. Ahead of the issue launch, the IPO has been commanding a healthy premium in the unofficial market. According to market participants, the…
