NEW DELHI: HDFC Life on Wednesday reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter. The private sector insurer’s profit stood at Rs 365 crore in the year-ago period, HDFC Life said in a regulatory filing. However, total income declined to Rs 16,914 crore in the latest quarter from Rs 26,694 crore …
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Getty Images A marginal dip in the headline rate of inflation would not normally determine much, if anything. Inflation rising at 2.5% rather than 2.6% does not change much in big economics, nor in the cost of living squeeze felt by households. The fall is entirely accounted for by falls in hotel prices and a smaller-than-usual rise in airfares in …
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NEW DELHI: India’s economy is expected to become the fourth largest in the world by 2026, surpassing Japan, said industry body PHDCCI on Wednesday, as it projected the nation’s GDP to grow 6.8 per cent in the current financial year ending March and 7.7 per cent in FY26. With the Indian economy growing resiliently over the past three years, it …
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Bhargavastra micro-missile system: Bhargavastra micro-missile system: India has successfully tested its first domestically developed micro-missile system, engineered to counter swarm drone threats. The testing included two successful firings at the Gopalpur Seaward Firing Ranges this week.The new micro-missile system, being developed for the Indian Army, successfully engaged virtual targets beyond 2.5 km, demonstrating an economical solution against large-scale drone attacks …
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Senior executives from PepsiCo’s New York headquarters have recently initiated preliminary discussions with the Aggarwal family members. Haldiram Snacks Food in big demand! PepsiCo has recently joined the race to acquire a stake in Haldiram Snacks Food, following Temasek and Alpha Wave Global, who have already submitted formal proposals last month. These bidders are currently engaged in detailed discussions with …
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UK inflation fell slightly last month as hotel prices dipped and tobacco costs eased. Prices rose 2.5% in the year to December, down from 2.6% the month before, the Office for National Statistics (ONS) said. Despite the drop, the rate of price rises remains above the Bank of England’s target. The latest figures come after pressure has increased on public …
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Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the applicable surcharge rates on salaried …
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Market sentiment is expected to focus on current earnings reports and the forthcoming union budget. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 76,700, Nifty50 was near 23,200. At 9:16 AM, BSE Sensex was trading at 76,753.68, up 254 points or 0.33%. Nifty50 was at …
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Top Stock Picks For Today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Concor, ITC and Tata Steel are the top stock picks for today:CONCOR: Buy between Rs 760 – Rs 740 | Stop Loss: Rs 699 | Target: Rs 850The stock CONCOR has been correcting from its peak …
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The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at “artificially low prices.” The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result. According to SEC rules, investors …
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