LIC reported a 38% YoY jump in Q4FY25 net profit to Rs 19,039 crore and declared a Rs 12 final dividend. Despite a 3.2% dip in premium income, brokerages remain bullish, with target prices up to Rs 1,260. Analysts highlighted improving margins, APE recovery, and strong equity market support as key positives driving future growth.
Saarathi Finance, a new NBFC focused on empowering Indian MSMEs, has successfully raised Rs 475 crores in its initial funding round. Led by investors like TVS Capital Funds and Lok Capital, the funding will help Saarathi bridge the credit gap for underserved MSMEs in semi-urban and rural regions across multiple states.
The 30-share BSE Sensex was down 203.36 points at 81348.27
President Trump's tariffs on Chinese imports, though temporarily reduced, continue to threaten small businesses like Bivo, a Vermont-based water bottle company. Facing significant financial strain due to increased duties, Bivo has been forced to rework its strategy, impacting sales and retailer relationships.
The 30-share BSE Sensex was down 248.64 points at 81302.99
BJP MP Nishikant Dubey alleged Rajiv Gandhi sought US President Reagan's help with Pakistan negotiations, questioning why the Shimla Agreement was bypassed. He also shared a 1971 US cable suggesting Indira Gandhi halted the Bangladesh Liberation War under US pressure, prioritizing Bangladesh over reclaiming PoK. This comes amid debates on third-party involvement in India-Pakistan relations.
Nissan is reportedly exploring raising over 1 trillion yen through debt and asset sales, including a UK government-backed syndicated loan. The automaker is considering issuing convertible securities and bonds, alongside potentially selling stakes in Renault and AESC Group, as well as plants in South Africa and Mexico.
Mumbai anticipates moderate to heavy rainfall. Thunderstorms and gusty winds are also expected. Earlier downpours caused waterlogging in Khar. Traffic was disrupted. The India Meteorological Department forecasts a strong monsoon for the country. Most parts of the country will receive normal to above-normal rainfall. Northwest and Northeast India may experience below-normal rainfall.
Looking ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran said.
