ICICI Prudential Asset Management Company reported 10% YoY Q4 profit growth to Rs 763 crore, driven by higher revenue and improved operating leverage. Annual earnings rose strongly, though sequential profit declined due to lower income despite controlled expenses.Read More
Geopolitical tensions are impacting global markets. Vinod Karki, Equity Strategist at ICICI Securities, suggests the Nifty index offers a safe haven. The Nifty’s composition, favoring energy producers over consumers, provides resilience. This crisis is seen as a short-term disruption. Largecap companies within the Nifty are better positioned than small and midcaps. Investors should focus on largecaps for better risk-reward.Read More
Goldman Sachs posted a rise in first-quarter profit on Monday, as the Wall Street bank benefited from strength in dealmaking and equities trading.Read More
European shares dropped on Monday as expectations of a swift resolution to the Middle East conflict faded following the breakdown of U.S.-Iran negotiations and Washington’s decision to impose a blockade around the Strait of Hormuz.Read More
The Indian rupee endured its steepest fall in two weeks on Monday, as oil prices climbed past $100 per barrel, while supportive dollar flows for the currency, spurred by banks’ unwinding of arbitrage positions, dissipated.Read More
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