Movers & shakers: Top 10 stocks which moved the most this week; IRCTC, Mishra Dhatu top the chart The earnings for the quarter that ended on December 2019 were largely in line with expectations, considering the economic growth slowdown.
Small & Mid-caps outperform in a truncated week; 40 stocks rose 10-30% As many as 40 stocks in the S&P BSE Small-cap index rose 10-30 percent, including Mirc Electronics, Heritage Foods, Indo Count Industries, JMT Auto, and DHFL among others
Axis Bank to explore long-term strategic partnership with Max Financial, Max Life Axis Bank is likely to hike its stake in Max Life Insurance to get a 'promoter' tag, subject to RBI and IRDAI approvals.
Budget 2020 | Removal of exemptions in new tax regime to impact life insurers, MFs A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments.
Unit-linked plans falling out of favour among life insurers? Data shows that the share of Ulips in the new premiums and annualised premium equivalent (APE) has significantly come down over the last one year for the top life insurers. Products like non-par savings term which offer better margins are being preferred.
Max Financial Q3 net profit up 168% on one-time gain The company said that the profit rise was due to a one-off gain from successful transition in hedging strategy from Interest Rate Swap (IRS) to Forward Rate Agreement (FRA), aided by higher investment income
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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