INSUBCONTINENT EXCLUSIVE:
9:31 AMOil India gains nearly 3% after Q1 results
For Q1, Oil India saw a profit decline of 9.1 per cent Y-o-Y to Rs 1,466.8 crore from Rs
Q1The company reported a 550.6 per cent increase in profit to Rs 659.7 crore in Q1FY25, up from Rs 101.4 crore in Q1FY24
Revenue rose marginally 0.3 per cent to Rs 3,432.9 crore, with other income increasing to Rs 1,134.5 crore.9:26 AMLIC share price up over 1%
after Q1 resultsIn Q1FY25, new business premiums surged 26.96 per cent to Rs 58,470 crore, up from Rs 46,052 crore (Q1FY24)
The total annual premium equivalent (APE) increased by 21.3 per cent to Rs 11,560 crore
The net value of new business (VNB) grew 23.65 per cent to Rs 1,610 crore
Net profit climbed 9.6 per cent to Rs 10,461 crore.8:41 AMNomura eyes 25 bp rate cut by RBI in Oct, 75 bp in FY25>>The combination of softer
growth and inflation, along with increased degrees of freedom from the expected turn in the global monetary policy cycle indicates that the
October meeting is live, Nomura said.>>Nomura retained its view that the RBI will deliver a 25 baisi points (bp) cut, with 75 bp of easing
the July-September quarter (from 3.8 per cent to 4.4 per cent) is unlikely to materialise, as food prices are already reversing in
August.8:27 AMNomura maintains 'Neutral' rating on Bharat Forge>> Revenue at Rs 2330 crore was up 10 per cent Y-o-Y, largely in line with
that steady order wins in the defense export segment validates positive long-term potential>> Though, this is likely to be partly offset by
slower growth in theglobal/domestic CV segment.>>Hence, it expects revenue growth to slow to 14 per cent/12 per cent Y-o-Y in FY25F/26F (21
