HDFC Life sees better margins in Q4

17 days ago Moneycontrol

HDFC LifeLeading private sector life insurer HDFC Life expects its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 percent. Its first-year premium stood at Rs 2,724.87 crore, up from Rs 2,115.97 crore, and the renewal premium soared to Rs 7,187 crore from Rs 5,543.03 crore. Its total premium stood at Rs 37,907 crore as of December 2022 up, from Rs 31,542 crore in December 2021. Its embedded value scaled up massively to Rs 37,702 crore from Rs 29,543 crore and the value of new business rose to Rs 2,163 crore from Rs 1,780 crore.
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Moneycontrol Pro Weekender | The Diwali Spirit

In that Diwali spirit, let’s take a look at the bull case for Samvat 2079. The Samvat year gone by has shown us the amazing strength of the Indian markets. Even Katy Perry used the lovely word, though whether she was singing about the Indian economy is open to debate. What’s more, it says the yield curve is signalling not just improved growth prospects, but also “subdued expectations of further policy tightening ahead”. The minutes of the latest Monetary Policy meeting show that two of the six members believe it’s time to ease up on monetary tightening.

3 months ago Moneycontrol

Mohali? Melbourne? Kohli’s your answer

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3 months ago Moneycontrol

Gold, jewellery sales glitter during Dhanteras; higher footfall after India-Pakistan match

On Sunday, gold prices continued to rule at Rs 50,139 per 10 grams, excluding taxes, in the national capital, higher than Rs 47,644 per 10 grams on Dhanteras day in 2021. Normally, 20-30 tonnes of gold is sold on a Dhanteras day. On the second day of Dhanteras on Sunday, there was a lull in the jewellery markets owing to the India-Pakistan cricket match. Not only pre-wedding jewellery, fresh buying of gold jewellery and coins was seen this time. Uttar Pradesh-based Aisshpra Gems and Jewels director Vaibhav Saraf said, "We have witnessed more movement in lighter gold jewellery and coins this year.

3 months ago Moneycontrol

India vs Pakistan: Even by vintage Kohli standards, this was super special

Batting first, Pakistan made 159 for eight, a not-entirely convincing effort but the important thing was that they had runs on the board in an important fixture, their first Super 12 game of the T20 World Cup against India. India had to be at their best with the bat to get their campaign off to a winning start, to reclaim their hegemony against Pakistan in World Cups. Between November 2019 and last month, when he smashed an unbeaten 122 against Afghanistan, Kohli had gone without an international hundred. Even by vintage Kohli standards, this was super special. Pakistan were losing their head and composure, Kohli was Zen-like, his concentration at its peak, his awareness undiminished, his vision acute, his hunger unsated.

3 months ago Moneycontrol

Bought a car this Diwali? Now, here’s how to bring down your insurance costs

Besides discounts and great offers, there’s another crucial area that can add to your savings – your motor insurance premium. Choose ‘Pay how you drive’ add-onUntil recently, there was no mechanism to reward good driving, except for the no-claim bonus or NCB. Make the most of the No-Claim BonusAs mentioned earlier, no-claim bonus is the most popular way of cutting down on premium cost. Likewise, when buying a new automobile by trading in an old one, remember to transfer your no-claim bonus. You can also opt for no-claim bonus cover to keep it intact, even if you make a claim.

3 months ago Moneycontrol

G20 summit: Reading into the significance of the Modi-Xi handshake

Indian Prime Minister Narendra Modi and Chinese President Xi Jinping. Part of the reason for the Modi-Xi handshake may have been prompted by the fact that India now holds the presidency of both the Shanghai Cooperation Organisation (SCO) and the G20. Modi had met all the G20 leaders, either informally or in a structured engagement on the sidelines of the summit and his interaction with the Chinese President was part of that exercise. However, under its presidency of both SCO and the G20, India will also host the summit meetings of the two groups. This means that despite their outstanding differences and the prevailing situation at the LAC, India will have to engage China under Xi’s leadership.

2 months ago Moneycontrol

FIFA World Cup 2022 | Jamal Musiala, Alvarez, Gavi... top young talent to watch this World Cup

(Image via Twitter/@JamalMusiala)It was not until the last of Brazil’s group stage matches at the 1958 World Cup that the world came to know of a precocious, powerfully built 17-year-old boy called Pele. Then he did it again in the final, becoming the youngest player to play in a World Cup final, score in a World Cup final, score a hat-trick in the World Cup final, and win the World Cup. See more stories, photosThe discovery of young, new players who can send whole stadiums full of people into a frenzy is one of the great joys of the World Cup. With his fierce pace and supreme confidence in front of the goal, it feels almost inevitable that Musiala will be a breakthrough star at this World Cup. A box-to-box midfielder with a penchant for taking superb long-range shots, France may have to depend heavily on these two rising stars to progress in the World Cup.

2 months ago Moneycontrol

Gainers & Losers: 10 stocks that moved the most on October 28

Bandhan Bank | CMP: Rs 265.20 | The stock ended lower by 2 percent on October 28. The lender today reported a net profit of Rs 209.3 crore for the quarter ended September (Q2FY23) against a loss of Rs 3,008.6 crore reported in the same quarter last year. Total advances grew by 17.4 percent to Rs 95,834.9 crore, against Rs 81,661.2 crore logged in the year-ago period. Total operating cost increased by 33 percent at Rs 1,834 crore from Rs 1,383 crore in Q2FY22. Revenue was up 6.8 percent at Rs 540.1 crore vs Rs 505.8 crore while EBITDA fell 62.1 percent to Rs 28.3 crore vs Rs 74.7 crore.

3 months ago Moneycontrol

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