🔸Life insurance industry reported healthy growth in Q 1FY25 with APE (annualized Business Premium) up 19.7%, largely led by private insurers.
🔸In its FY24 Annual Report, Sun Pharma has reiterated that it is open to exploring acquisitions in the global specialty portfolio as it closed financial year 2023-24 (FY24) with a strong net cash position of $2.4 billion.
🔸L&T has bagged mega orders for Solar plants in the Middle East. L&T has classified order as a ‘Mega’ order meaning order value is between 710,000 – 715,000 crore.
🔸The board of directors of Va Tech Wabag Limited have approved the sale of 100% stake in a wholly owned subsidiary – Wabag Water Services S.R.L.. Romania (Wabag Romania).
🔸Bank of India has reported healthy performance in business update for Q1FY25.
🔸Shalby Revenues grew ~18% YoY to 279 crore, driven by both Hospitals and Implant segments.
🔸As per media sources, Mercedes Benz, Luxury PV player domestically and a key OEM anchor client at Landmark cars, sold 9.262 units domestically in H1CY 24, a growth of 9% YoY.
🔸Coforge informed the stock exchange that the shareholders have approved the appointment of Mr. Om Prakash Bhatt as the independent director & Chairperson of the Company and Mr. Gautam Samanta as the Executive Director of the company.
🔸As per media sources, JSW Steel is looking to spend ~US$ 1 billion to lower its carbon footprint and is targeting to be carbon neutral by 2050.
🔸HDFC Bank has increased MCLR by 5-10 bps across tenures, with 1 year MCLR, linked to consumer loans, has been increased by 10 bps.
