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Bloomberg Quint
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Ireda, ICICI Prudential, ICICI Lombard Shares React After Q4 Results Announcements
- Shares of Indian Renewable Energy Development Agency Ltd., ICICI Lombard General Insurance Co., ICICI Prudential Life Insurance Co. were in focus on Wednesday, after the companies announced their fourth quarter results.
- Ireda shares rose the most, while ICICI Lombard fell the most, among the companies that announced their results for quarter ended March.
- ICICI Prudential Life Insurance Co. reported a rise in share price, net premium income, net profit, and AUM.
- Ireda reported a rise in share price, total income, and net profit, while ICICI Lombard reported a fall in share price and net profit.
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Bloomberg Quint
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161
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Redmi A5 Hits India: Big Battery, Stylish Design At Affordable Price
- Redmi A5 is a newly launched budget smartphone in India with a big screen, good battery, and decent camera.
- The base model with 3GB RAM and 64GB storage is priced at Rs 6,499, while the 4GB RAM and 128GB storage version is priced at Rs 7,499.
- It features a 6.88-inch HD+ display with a 120Hz refresh rate, a 32MP dual-camera setup, and an 8MP front camera.
- The phone also includes features like a side-mounted fingerprint sensor, AI face unlock, USB Type C port, and a headphone jack.
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Bloomberg Quint
4d
141
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'Buy' Sun Pharma, Cipla; 'Hold' Lupin, Indoco Among Other Pharma Stocks Says Systematix Ahead Of Q4 Results
- Systematix expects select companies in the US to benefit from the ramp up in generic Revlimid (Zydus Life and Sun Pharmaceuticals).
- Cipla may benefit from a revival in generic lanreotide sales (supply issues getting sorted), Lupin may see a gain in its US portfolio from seasonality (flu and antibiotics).
- The domestic branded formulation segment should expand in high single digits YoY.
- Systematix suggests 'Buy' on Sun Pharma and Cipla, and 'Hold' on Lupin and Indoco among other pharma stocks ahead of Q4 results.
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Bloomberg Quint
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177
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RRB NTPC Exam 2025: Schedule, Pattern, Syllabus, And Other Details Explained
- The Railway Recruitment Board (RRB) will likely hold the Non-Technical Popular Category (NTPC) exam 2025 soon.
- In 2024, the NTPC exams were held between June and September.
- The RRB NTPC exams are conducted for both graduate and non-graduate levels, with a large number of vacancies.
- The exam pattern for RRB NTPC includes subjects like mathematics, general intelligence and reasoning, and general awareness.
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Bloomberg Quint
4d
388
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Automobiles Q4 Results Preview: Operating Leverage, Softer Raw Material To Aid Margins, Says HDFC Securities
- Auto companies could face business headwinds for a longer period on higher US tariffs and complex global supply chains.
- Domestic companies could remain under pressure if India were to give favorable trade terms for import of cars, especially EVs.
- HDFC Securities continues to maintain its top picks in domestic facing stocks like Maruti Suzuki and Ashok Leyland.
- Operating leverage and softer raw material are expected to aid margins in the Q4 results of automobile companies.
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Bloomberg Quint
4d
53
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ASUS Unveils ExpertBook P Series In India — Price, Specifications And Launch Date
- Taiwan-based PC manufacturer ASUS has launched its AI-powered ExpertBook P Series in India, targeting small and medium-sized enterprises (SMEs) and professionals.
- The ExpertBook P Series laptops come with enterprise-grade security, enhanced durability, and AI features for improved camera performance, meeting efficiency, and advanced cooling system.
- The base variant of the ExpertBook P Series will be available on Flipkart from April 21, priced at Rs 39,990.
- Asus aims to increase its market share in the commercial PC market in India and has witnessed a double-digit growth rate in the segment.
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Bloomberg Quint
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184
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Wipro Shares Fall Ahead Of Q4 Earnings As Street Expects Muted Net Profit
- Shares of Wipro fell ahead of Q4 earnings as street expects muted net profit.
- Wipro is expected to have a net profit of Rs 3,364 crore in Q4, as per Bloomberg consensus estimates.
- Analysts estimate the revenue to be Rs 22,684 crore, 1.6% higher than the previous quarter.
- Key points to watch out for in the Q4 earnings include discretionary spending trends, realignment of service line, effect of global macros, and deal pipeline conversion outlook.
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Bloomberg Quint
4d
181
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ICICI Bank Follows Other Lenders, Cuts Savings Account Rate By 25 Basis Points
- ICICI Bank has cut the interest rate on its savings account by 25 basis points to 2.75%.
- Balances below Rs 50 lakh will attract a savings account rate of 2.75% annually.
- This move follows the recent interest rate cut by the Reserve Bank of India.
- Other banks are expected to follow suit in reducing the interest on savings accounts.
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Bloomberg Quint
4d
42
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Good Friday 2025: Date, History, Significance And All You Need To Know
- Good Friday is a Christian holiday that remembers the crucifixion of Jesus Christ. Christians see it as a day of sorrow and reflection.
- This year, Good Friday falls on April 18, followed by Easter Sunday on April 20.
- Believers mark the day with prayer, fasting, and quiet worship, while some perform acts of charity.
- Good Friday is a public holiday in India, with many states observing it with church services, prayers, and processions.
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Bloomberg Quint
4d
144
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Siemens Share Price Extend Gains To Rise 1%; Stock Rallies Nearly 9% So Far In April
- Siemens share price today rose as much as 1.04% to Rs 2,869 apiece, the highest level since April 8.
- Siemens Energy India allotted 35.6 crore equity shares to shareholders of Siemens after the company's demerger scheme.
- Siemens rose over 26% after it hit its upper circuit on the ex-date, but has given up some of its gains.
- Siemens share price has risen 3.56% in the last 12 months and 13.49% year-to-date.
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Bloomberg Quint
4d
399
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ABB India Remains Focused On New Areas, Says Motilal Oswal, Maintaining 'Buy'
- ABB India stock has corrected in the recent past to take into account this weakness and is currently trading at 48.2x/43.4x P/E on CY26/27 estimates, Motilal Oswal reiterates Buy.
- ABB India has grown its revenue at a 20% CAGR over the last five years and has doubled its profits over the past four years, says Motilal Oswal.
- ABB continues to see strong potential in segments such as chemicals, pharmaceuticals, automotive, power distribution, water, electronics, and data centers, all of which are expected to attract significant investments.
- ABB remains focused on new areas of investment, such as green hydrogen, battery storage, and data centers.
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Bloomberg Quint
4d
304
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Ireda Share Price Rises After Q4 Profit Growth
- Ireda Share Price Rises After Q4 Profit Growth
- The non-banking financial company reported a consolidated net profit of Rs 502 crore, marking a 48.7% increase from the same period last year.
- The company's total income grew by 37.7% to Rs 1,916 crore compared to the year-ago quarter.
- Ireda's loan book expanded by 28% to Rs 75,319.98 crore as of March 31, 2025.
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Bloomberg Quint
4d
214
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IndusInd Bank Share Price Jumps After External Report On Accounting Discrepancies
- IndusInd Bank's share price jumped 2.46% following the release of an external report on accounting discrepancies, resulting in a financial impact of Rs 1,979 crore.
- The report stated that the impact represented 2.27% of the bank's net worth as of December 31, 2024, slightly lower than the bank's internal review estimate of 2.35%.
- Macquarie maintained an 'outperform' rating, considering the impact of the discrepancies as incrementally positive in the near term.
- Morgan Stanley maintained an 'equal-weight' rating and expects more clarity on trends, margins, growth, and asset quality from the fourth-quarter earnings.
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Bloomberg Quint
4d
229
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Gensol Shares At All-Time Low After SEBI Bars Promoters For Alleged Fund Diversions
- Gensol Engineering Ltd.'s share price fell to an all-time low level on Wednesday as the stock hit the 5% lower circuit limit after SEBI barred the company's promoters for alleged fund diversion and record falsification.
- SEBI has prohibited the Jaggi brothers from holding any key managerial positions within the company, effectively removing them from their leadership roles.
- SEBI has directed the appointment of a forensic auditor to thoroughly examine Gensol's books of accounts and those of related parties in order to uncover any further irregularities and ensure transparency in the company's financial dealings.
- Gensol Engineering share price is trading at an all-time low at Rs 122.68 apiece, representing a 5% decline. The stock split announced by Gensol has also been halted by SEBI, impacting investor sentiment.
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Bloomberg Quint
4d
16
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ICICI Lombard Q4 Results Review: Beat On Combined Ratio; PAT Miss Due To Investment Income — Motilal Oswal
- ICICI Lombard General Insurance’s gross written premium was 10% up YoY in Q4 FY25 to Rs 69 billion.
- Net earning premium grew 20% YoY to Rs 52.3 billion.
- For FY25, ICICI Lombard's gross written premium grew 17% YoY to Rs 198 billion.
- ICICI Lombard continues to focus on profitable growth across segments, with a double-digit growth expectation in the motor segment.
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