Ajay Seth, the new chairman of Irdai, engaged with insurance CEOs in a virtual meeting, receiving an overview of the industry’s performance metrics, including growth and settlement ratios. He expressed his intention to hold a physical meeting later this month for deeper discussions.Read More
The Indian rupee plummeted to a new record low of 88.4425 against the dollar on Thursday, driven by strong dollar demand from importers and growing worries about the impact of US tariffs on India’s economic growth.Read More
Infosys, India’s second-largest IT firm, has approved a ₹18,000 crore share buyback at ₹1,800 per share, marking its largest ever buyback program. The buyback price represents a 19% premium over Thursday’s closing price.Read More
Indian equity valuations, while below historical averages, remain elevated compared to Asian peers, raising concerns amid slowing earnings growth. Foreign investors are paring exposure due to the combination of rich valuations and decelerating nominal GDP growth. Fund managers suggest considering sector weights within Indian indices for a more accurate valuation assessment, as consumer-heavy indices inflate overall metrics.Read More
Indians are actively buying Apple shares, anticipating a price increase after the iPhone 17 launch. Trading volumes for Apple have significantly increased this month. Buy orders are exceeding sell orders, indicating strong investor confidence. Investors believe the iPhone’s success drives Apple’s stock performance. Some investors are buying now due to a recent drop in Apple’s share price.Read More
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