Performer Financial News

SBI Life Insurance Company jumped nearly 3% to the day's high of Rs 1420.15 on the BSE on Monday following the company's decent December quarter earnings. Brokerages remain optimistic about the prospects of the state insurer, with Jefferies and CLSA reiterating their buy views on the counter. The latter also raised the price target, highlighting the company's wide presence as an advantage. Among domestic brokerages, Motilal Oswal and Nuvama maintained their buy views. SBI Life on Thursday reported a net profit of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the same quarter last year. Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. Read More: SBI Life Q3 Results: PAT rises 6% YoY to Rs 322 crore; net premium income jumps 16% Here's what brokerages said:

By Chris Prentice and Karl Plume

The Reserve Bank of India’s (RBI) maiden report on ‘Finances of Panchayati Raj Institutions,’ released on 24 January 2024, fills a long-felt gap in our understanding of the fiscal health of the third tier of government in India: local institutions of governance. Though it is now more than 30 years since the 73rd amendment to the Constitution institutionalized Panchayati Raj Institutions (PRIs) at three levels in rural India—gram panchayats at the village level, mandal panchayats at the block level and zila parishad at the district level—empowerment of the kind envisaged in 1992 is yet to realized.

Ayodhya Ram Mandir: The Indian Railways have announced a special Aastha train service from Jharkhand's Jamshedpur to visit the newly built Lord Ram Lalla temple in Ayodhya. As per The Avenue Mail report, this special Aastha train will run from Tatanagar in Jamshedpur to Uttar Pradesh's Darshan Nagar station. As per Google Maps, the distance from Darshan Nagar station to Ayodhya Ram Mandir is about 6-8 km.

Fighter Box Office Collection Day 4: The Hrithik Roshan and Deepika Padukone starrer was released a day before Republic Day, on January 25. The film witnessed a massive jump in collection on day 5 and managed to break its release day records. On its release day the film earned lowest so far that is ₹22.5 crore.

equity funds in the country are showing that size is just a number. Far from slacking under their bulging mass, these funds are running faster than most of their peers. The Rs.56,000 crore HDFC Mid Cap Opportunities is the biggest actively managed equity fund in the country. A scheme with a proven track record, its return profile faltered between 2017 and 2021, possibly suggesting that its burgeoning size was inhibiting its performance. However, the fund has made a strong comeback since 2022. It has ranked among the top three performers in the mid-cap category over the past three years. The next big name on the size ladder is Parag Parikh Flexi Cap. This Rs.52,000 crore fund, characterised by its valueconscious investing style and ‘go anywhere’ approach, has been an investor favourite for many years. It has not let its ballooning size dent its performance figures; the fund continues to rank in the top quartile in its category over a three-year horizon. The Rs.48,000 crore ICICI Prudential Bluechip, the biggest large-cap scheme in the country, is another big-ticket offering that has dispelled any concerns over size- led deterioration in its performance. While it went through a lean patch between 2018 and 2020, it has regained its mojo from 2021 onwards. The fund ranks third in its category over a three-year period. It has also comfortably outpaced its index over the past one and three years. HDFC Flexi Cap and Nippon India Small Cap, which boast assets in excess of Rs.40,000 crore, have also starred in their respective categories. Biggest funds have fetched healthy outcomes Large corpus did not impact the fund performance.

MUMBAI : Five years since Zee Entertainment persuaded lenders not to classify its debt as default, the media giant is facing pressure to oust its promoter family, after an aborted merger with Sony Pictures in India. In an interview, founder Subhash Chandra said his son Punit Goenka, who heads Zee, is the right person to lead it in the future as well, as he aims to raise the family’s stake in Zee from 4% to 26%. Edited excerpts: As you know, the 25th of January was the fifth anniversary of our failure in the capital market, when Zee’s shares fell almost 40%.

MUMBAI : Foreign portfolio investors (FPIs), whose assets under custody in India stand at $758.4 billion, have closed out bullish positions and created huge bearish positions on index futures (Nifty and Bank Nifty) contracts ahead of a key meeting of the US monetary policy body, or FOMC (federal open market committee), on 30 and 31 January, and India’s interim budget on 1 February. Against a cumulative net bullish position of 81,357 contracts at the beginning of the month, FPIs held a cumulative bearish 108,883 contracts as of 25 January.

It is that time of the year again, one of my favourite times, the film awards season. Very close on the heels of my excitement around the festive season of Diwali and Christmas comes a time of celebration when all the incredible films of the past year get acknowledged and bestowed with the most coveted awards of cinema, the Oscars, awarded by the US-based Academy for Motion Picture Arts and Sciences. After the pre-cursors to the Oscars—namely, the Golden Globes, Screen Actor’s Guild and Independent Spirit awards and others—are over, the Oscar race seems to get clearer, although nothing can be said for certain till awards night on 10 March.

Investing.com — It’s set to be an action-packed week in markets with the Federal Reserve’s first meeting of the year, a flurry of big tech earnings and the latest U.S. jobs report. The Bank of England also holds its first policy meeting of 2024 while data out of China is expected to remain gloomy. Here’s what you need to know to start your week.

NDA government would be formed again in Bihar. I have said this before that I disagree with Nitish Kumar over his policies and it would continue if we continue to work over his policies," Chirag Paswan said.

Sri Lanka Cricket (SLC) today with immediate effect. On 10 November 2023, Sri Lanka Cricket (SLC) were suspended for violation of responsibilities as an ICC Member, in particular, "the requirement to manage its affairs autonomously and ensure that there is no government interference in the governance, regulation and/or administration of cricket in Sri Lanka." The ICC Board met on 21 November and it was decided that Sri Lanka can continue to compete internationally both in bilateral cricket and ICC events, but the ongoing U19 Men's Cricket World Cup was moved to South Africa, having initially been set to be played in Sri Lanka. The ICC Board has been monitoring the situation since the suspension and are now satisfied that SLC are no longer in breach of membership obligations.

₹20 crore Osamu Suzuki made in the company in 1981, ‘staking his reputation’ on a company that was almost ‘guaranteed to fail’, according to Bhargava, because he was one of the few people who believed in the potential of India’s car market. Suzuki also helped Maruti break out of the mould of a traditional PSU and prioritize profitable growth and competitiveness.

₹50 trillion-MF industry can boast of a track record of 20-30 years. While these funds have grown in size over the years, their performances have also seen ups and downs across different time-periods. Here, we look at three such funds; their recent and historical performance and what investors can expect from them.

U.S. stocks closed slightly lower on Friday as investors digested the latest batch of earnings and continued to assess the Federal Reserve’s rate plans for the months ahead.

Will 2024 mark the return of the momentum factor to the performance spotlight?

Investing.com — Here is your Pro report of the upcoming major earnings releases next week: Apple, Microsoft, General Motors, Amazon, and Mastercard.

Bigg Boss 17 finale: Salman Khan will declare the winner of this season on Sunday, January 28, midninght. The five finalists are Ankita Lokhande, Abhishek Kumar, Munawar Faruqui, Arun Mashettey and Mannara Chopra. Bigg Boss' 17th season began on October 16 that was broadcasted via Colors TV channel with contestants Aishwarya Sharma and Neil Bhatt, Isha Malviya, Sana Khan, Rinku Dhawan, Sunny Arya, Khanzaadi, Soniya Bansal and others.

ANI. In the video footage, devotees can be seen leading a march with the silver broom lifted high and adorned with garlands. Devotees gathered at Rampath for the darshan of Ram Lalla at Ram Temple in Ayodhya, despite prevailing cold wave conditions in Uttar Pradesh.

release date, expected price, etc.

Pakistan High Commission in New Delhi has issued visas to the Indian Davis Cup team, including the support staff, to play the Davis Cup World Group -1 Playoff Tie between Pakistan and India. The World Group 1 play-off tie is scheduled to be played at the Islamabad Sports Complex on February 3 and 4.