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ICICI Prudential Life Q4 Results Review: Motilal Oswal Maintains 'Buy' But Lowers Target Price —Here's Why

ICICI Prudential Life Insurance Q4 APE and value of new business in line
Motilal Oswal reiterates Buy recommendation with lower target price of Rs 680
Margin expands to 22.7%, driven by growth in higher-margin ULIP products
VNB margin under pressure due to product mix shift, but recovery seen in Q4 FY25

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Bloomberg Quint

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Rupee Strengthens Against US Dollar For Third Day Amid Global Tariff Uncertainties, Easing Inflation

The rupee opened stronger against the US dollar on Wednesday amid softening inflation, as the dollar index slipped and safe-haven assets lost sheen post the unpredictability of policy announcements from Washington.
Indian retail inflation fell to its lowest since August 2019, primarily due to lower vegetable prices. The consumer price index-based inflation moderated to 3.34% in March, from 3.61% in February.
India's trade data showed an increase in the trade deficit for the month of March, with exports easing and imports growing.
For the rupee, 85.45 acts as a support while 86.00 is a resistance.

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Bloomberg Quint

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Skullcandy To Launch Method 360 ANC Earbuds Tuned By Bose: Check Price, Specs

Skullcandy is launching its latest wireless earbuds, the Method 360 ANC, in collaboration with Bose.
The earbuds are designed for comfort and passive noise isolation, providing a solid ANC experience at a more budget-friendly price.
The Method 360 ANC features a sliding charging case that extends battery life and is resistant to sweat and light splashes.
The earbuds include premium features like a hybrid ANC system, wear detection tech, multipoint pairing, and app compatibility for customization.

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Bloomberg Quint

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Q4 Results Today: Wipro, Angel One, Waaree Renewable Technologies And More — Check Full List

Ten companies from various sectors are slated to announce their Q4 and FY25 financial performance reports on April 16.
The companies include Angel One Ltd., Wipro Ltd, Infomedia Press Ltd., Reliance Industrial Infrastructure Ltd., GTPL Hathway Ltd., and Heera Ispat Ltd.
Wipro recorded a Rs 3,354 crore profit in Q3, with a 4% quarter-on-quarter increase, and clocked 17.3% margins.
Angel One saw a 16.6% drop in its consolidated gross revenue in Q3 and a net profit decrease of 33.5% compared to the previous quarter.

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Bloomberg Quint

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India’s $10 Billion Pharma Exports To US Face Probe Risk As Trade Tensions Rise

The US Commerce Department has launched a Section 232 investigation into pharmaceutical imports, raising concerns over the future of India’s $10 billion drug exports.
The probe will assess the extent to which India's reliance on foreign pharmaceutical imports could pose a threat to the US domestic healthcare system.
India is among the top five pharmaceutical suppliers to the US, but European suppliers have retained or expanded their shares.
The investigation under Section 232 of the US Trade Expansion Act marks a shift in US trade policy towards the pharmaceutical sector.

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Bloomberg Quint

314

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Stock Recommendations Today: IndusInd Bank, ICICI Prudential Life, ICICI Lombard On Brokerages' Radar

IndusInd Bank, ICICI Prudential Life, and ICICI Lombard were under the spotlight for brokerages on Wednesday.
BofA predicts headline inflation to average 4.1% in FY 2026 after two consecutive months of sub-4% inflation.
HSBC expects mid-single-digit CAGR growth for the IT sector in USD terms over the medium term.
Morgan Stanley maintains 'equal weight' on IndusInd Bank with a target price of Rs 755, awaiting audit report findings.
Macquarie maintains 'Outperform' on IndusInd Bank, citing a positive outlook with limited derivative discrepancy impact.
Citi maintains 'Buy' on IndusInd Bank, stating the impact of derivative discrepancy is less severe than expected.
Brokerages have mixed views on ICICI Prudential Life, with Macquarie maintaining a 'Neutral' rating and Morgan Stanley reducing target price.
For ICICI Lombard, Macquarie holds 'Outperform' while Citi maintains 'Sell' with raised target price due to weak Q4 performance.
HSBC foresees mid-single-digit revenue CAGR in USD terms for the IT sector over the medium term.
BofA analyzes the consumer sector, emphasizing the importance of de-averaging FMCG valuations based on business growth and global sectoral trends.

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Bloomberg Quint

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Trump Initiates Chips And Drug Probes Ahead Of More Tariffs

President Trump's administration has initiated trade probes into semiconductor and pharmaceutical imports, potentially leading to tariffs as part of the ongoing US trade war.
The Commerce Department investigations on semiconductors and pharmaceuticals are conducted under Section 232 of the Trade Expansion Act and could last for months.
Trump aims to boost domestic manufacturing by imposing tariffs on foreign-made drugs and chips, but this could disrupt supply chains and increase costs for consumers.
The semiconductor industry, with global sales over $600 billion, is at risk of higher costs and disruptions from potential tariffs.
Foreign semiconductor manufacturers like Taiwan Semiconductor and SK Hynix may face price increases or reduced margins if tariffs are imposed.
The drug industry, including major companies like Merck and Eli Lilly, could also be impacted by tariffs, leading to higher costs and potential supply chain disruptions.
Despite the US pharmaceutical industry's efforts to boost domestic manufacturing, tariffs could still result in cost increases and impact research and development.
The move towards tariffs on both semiconductors and pharmaceuticals signals Trump's focus on revitalizing American manufacturing and addressing national security concerns.
The administration's consideration of temporary exemptions and negotiations with industry leaders indicate a willingness to listen and potentially adjust tariff measures.
The broader implications of tariffs on semiconductor and drug sectors could impact global supply chains, research efforts, and manufacturing costs, with long-term consequences.

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Bloomberg Quint

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Stock Market Live: GIFT Nifty Indicates Negative Open; Gensol, IndusInd Bank, Ireda Share Prices In Focus

GIFT Nifty level indicates a negative open for the stock market.
IndusInd Bank shares may be affected as the internal audit reveals discrepancies.
Gold prices hit a record high due to escalating trade war tensions.
Asian markets are trading lower due to trade war concerns and export restrictions by the US.
GIFT Nifty is trading above 23,300, affecting Axis Bank, ICICI Prudential, Ireda share prices.

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Bloomberg Quint

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Stocks To Watch Today: Gensol Engineering, IndusInd Bank, RIL, ONGC, Ireda

An array of stocks linked to the oil and gas sector, including RIL, ONGC, and Oil India will be in focus on Wednesday.
Gensol Engineering will be in focus as SEBI has barred its promoters from securities markets due to fund diversion charge.
IndusInd Bank revealed a financial impact of Rs 1,979 crore due to derivative accounting discrepancies.
Other stocks to watch include ICICI Prudential Life Insurance, Ireda, ICICI Lombard General Insurance, Blue Dart Express, Mahanagar Gas, Axis Bank, and Indraprastha Gas.

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Bloomberg Quint

254

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Oil Steadies With Glut Expectations, Trade War Souring Outlook

Oil steadied after a modest decline on Tuesday as expectations for a glut, and the trade war between the world’s two biggest economies weighed on the demand outlook.
The International Energy Agency slashed its forecasts for global oil consumption this year and next as trade frictions rise.
The industry-funded American Petroleum Institute reported US nationwide crude inventories rose by 2.4 million barrels last week, which would be the third consecutive advance if confirmed by official data.
Crude remains near the lowest in four years, after a steep decline earlier this month brought about by an onslaught of tariffs and counter-levies between the US and its biggest trading partners.

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Bloomberg Quint

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In This Economy... Monetary Easing Begins: RBI Shifts To Accommodative Stance

The RBI's rate cut move was followed by retail inflation easing to 3.34%, the lowest since August 2019, as per the data released for the month of March.
RBI MPC's change in stance, while mostly symbolic, is also indicative of an easier monetary policy framework.
The Indian stock market bounced back strong on Tuesday, recovering all the ground it lost following Trump’s tariff announcement on April 2.
Every sector was in the green, showing solid buying action across the board.

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Economic Times

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Lab grown diamond startup Jewelbox raises $3.2 million from V3 Ventures, others

Kolkata-based lab-grown diamond jewellery brand, Jewelbox, has raised $3.2 million in a funding round led by V3 Ventures.
The startup plans to use the capital to expand its retail presence, enhance brand visibility, and hire talent across key functions.
Jewelbox currently operates eight stores across six cities in India and aims to scale to 30 stores by the end of the year.
The lab-grown diamond industry is gaining attention and the competition is seen as validation for the category, according to Jewelbox's cofounder, Vidita Kochar Jain.

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Bloomberg Quint

298

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Stock Market Today: All You Need To Know Going Into Trade On April 16

Indian rupee appreciated by 28 paise against the dollar at market close due to stable greenback and lower oil prices.
NSE Nifty 50 and BSE Sensex closed higher for the second consecutive trading session on Tuesday.
Nifty 50 closed 2.19% higher at 23,328 points, while the Sensex settled 2.10% higher at 76,734.
Foreign portfolio investors turned net buyers, acquiring Indian equities worth Rs 6,065.78 crore.
Indian rupee gained 28 paise to close at 85.77 against the US dollar.
Key companies like Wipro and ICICI Prudential posted quarterly results showing revenue and profit growth.
Stocks to watch include Gensol Engineering, IndusInd Bank, Dabur India, and Blue Dart Express.
F&O cues include rise in Nifty April Futures and changes in price bands for Dish TV and Mazagon Dock Shipbuilders.
Money Market Update: Indian rupee settled at 85.77 against the dollar amidst oil price volatility and recession fears.
Various trading tweaks and updates were also reported, impacting companies like Dish TV, Punjab & Sind Bank, and Baazar Style Retail.

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Bloomberg Quint

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Wipro, Angel One, Waaree Renewable Technologies Q4 Results Today — Earnings Estimates

Wipro, Angel One, and Waaree Renewable Technologies are set to announce their Q4 results today.
Wipro's Q4 revenue is expected to rise by 1.6%, with net profit declining by 1.1%.
Angel One's net profit is estimated to decline by 18.7% this quarter.
Other companies like Waaree Renewable Technologies, Ballarpur Industries, GTPL Hathway, and more, are also announcing their Q4 earnings.

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TechCrunch

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Telli, a YC alum, raises pre-seed funding for its AI voice agents

Telli, a YC alum, has raised $3.6 million in pre-seed funding for its AI voice agents.
The AI voice agents of Telli can handle basic operations while human operators handle more complex processes.
Telli has achieved revenue growth of over 50% month over month and has processed close to a million phone calls.
The voices of Telli's AI agents are created by hired voice actors, and the underlying AI models vary between OpenAI, Claude, and others.

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