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New business premium for the life insurance industry witnessed a 0.91% year-on-year fall to Rs 73,005 crore for the first quarter this fiscal due to around 7% Y-o-Y decline in premium income for state-run Life Insurance Corporation of India (LIC) during the same period.

Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Touted as Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, it is a pure term life insurance cover. In case of the death of the policyholder, the sum assured will be paid out to the nominee.

Unicommerce showed.This does not include smartphones, where, according to several ecommerce executives and research firms like Counterpoint, the growth is being led by premium devices. Demand continues to be soft for mass-market phones. The 24% quarterly growth follows a slower-than-expected 16% growth in the January to March quarter, as reported by ET in May.

Ola will roll out its new premium service, Prime Plus, to all users in Bengaluru on Monday, and to several other cities during the month, the company’s cofounder and chief executive Bhavish Aggarwal said on Twitter. “Prime+ has been a great pilot in Bengaluru over past couple of months. Today we’re opening it up for all customers in Bengaluru.

₹626 crore. Similarly, retail APE witnessed a 12% y-o-y growth, bolstered by the firm's diversified distribution channels beyond ICICI Bank. Over recent years, ICICI Prudential has made conscious efforts to expand its distribution network by collaborating with multiple banks and enlarging its agency network.

Indian stock market bourses. Cyient DLM IPO listed on BSE at ₹401 apiece and went on to hit intraday high of ₹424.40 apiece whereas on NSE, Cyient DLM shares opened at ₹403 on NSE and went on to hit intraday high of ₹425 apiece within few minutes of share listing. After this strong listing, Cyient DLM IPO delivered around 51 per cent listing gain to its lucky allottees against the Cyient DLM IPO prie band of ₹250 to ₹265 per equity share.

₹52 per share, 6.1 percent higher than the issue price of ₹49 on the NSE SME exchange. The stock hit 5% upper circuit at ₹54.60 post its listing.  The Global Pet Industries IPO opened for subscription on Wednesday, 28 June and the issue closed on Monday, July 3. On day 3, the Global Pet Industries IPO had a 4.30 times subscription.

Cyient DLM IPO: Shares of Cyient DLM Ltd listed on the bourses at a premium on Monday. On the NSE, the stock was listed at ₹403 per share, 52.1 percent higher than the issue price, and on the BSE, the stock was listed at ₹401 per share.

Senco Gold IPO: Bidding for the initial public offer (IPO) of Senco Gold Ltd ended on Friday in the week gone by. In three days of bidding, Senco Gold IPO subscription status informs that the public issue received rave response by Qualified Institutional Buyers (QIB). Probably, this helped grey market mood remain steady despite profit booking on Friday session in secondary market.

₹130 per share, 85.7 percent higher than the issue price of ₹70 on the NSE SME exchange. However, the stock failed to sustain the gains and hit 5% lower circuit post listing. The company set the price band in the range of ₹65 and ₹70 per share.

IPO listing: Shares of IdeaForge Technology Ltd listed on the bourses at a premium on Friday. On the NSE, the stock was listed at ₹1,300 per share, 93.5 percent higher than the issue price, and on the BSE, the stock was listed at ₹1,305.10 per share. The drone manufacturer set the price band for the IdeaForge IPO at ₹638 to ₹672 per equity share.

«But one thing is for sure that with these price points, the market itself will expand for the premium bikes. So, premium bikes which are I mean 350cc and above, which are a small part of the market, will become a meaningful part of the overall two-wheeler market, I think that is the other thing to keep in mind and not just get bogged down by just the market share movements,» says Rahul Singh, CIO-Equities, Tata MF.What are your thoughts on the auto space. How are you looking at the competitive landscape evolving in the two-wheeler space because Bajaj has come back to its life highs. Hero is at a multi-year high, TVS too. So, there seems to be some interest back in two-wheelers. Yes, I think what we have seen over the last two-three days is interesting because I think it is also going to expand the premium bike market.

Hero MotoCorp Ltd in partnership with Harley Davidson has launched the Harley-Davidson X440, and Bajaj Auto Ltd in collaboration with Triumph Motorcycles launched Speed 400. Both these motorbikes are in the above-250 cc segment and have been priced competitively, opening the doors for better customer acceptance. “We think this will lead to faster premiumization of the two-wheeler industry," said Kumar Rakesh, an analyst at BNP Paribas Securities India, in a report on 6 July.

OTTplay Premium, India's first AI-powered streaming, recommendation, and content discovery platform, is excited to announce its partnership with NXTPLAY, the digital media division of Hinduja Global Solutions Ltd. (HGS). This collaboration will offer NXTPLAY users 17+ OTTs, 150+ live channels, 50,000+ movies & web-shows and personalized recommendations to help navigate the OTT world.

Bajaj Auto and Hero MotoCorp are trading at their respective 52-week high levels after a rally fuelled by the recent launches in the premium motorcycle segment. Bajaj Auto, on July 5, unveiled Speed 400 and Scrambler 400X, co-developed with Triumph Motorcycles. While earlier this week, Hero MotoCorp also made in-roads into the segment with the launch of Harley Davidson X440, a fully indigenized 440cc motorcycle it has co-created with the Milwaukee-headquartered cult motorbike maker,  Bajaj-Triumph Speed 400 comes with a starting price of ₹2.33 lakh (ex-showroom), while Hero-Harley Davidson’s X440 was launched at nearly similar starting price of ₹2.29 lakh (ex-showroom).

Cyient DLM IPO: After finalisation of share allotment, all eyes are now focussed on Cyient DLM IPO listing date, which is most likely on 10th July 2023 i.e. on Monday next week. So, those who have applied for the public issue, they can check Cyient DLM IPO allotment status online by logging in at the official BSE website or at the official website of the IPO registrar KFin Tech.

«This quarter, of course, is going to be important because in last few quarters, margins are moving one way up for the sector. And we think that this trajectory is now set to reverse and we will begin to see some moderation in margins for the large private banks and some of the select PSBs also,» says Nitin Aggarwal, MO Institutional.Let us just talk about the overall outlook within the financial space because the key theme at play in FY24 is expected to be NIMs and spread compression. How much of that is really playing out? Who do you see as some of the key winners within this environment?This quarter, of course, is going to be important because in last few quarters, margins are moving one way up for the sector.

₹104 per share, 19.5 percent higher than the issue price of ₹87 on the NSE SME exchange. The company set the price band in the range of ₹82 and ₹87 per share. The subscription period for the IPO began on Friday, June 23 and ended on Tuesday, June 27.

₹140 per share, nearly 30.8 percent higher than the issue price of ₹107 on the NSE SME exchange. The company set the price band for the IPO at ₹101 to ₹107 per equity share. The public issue that opened for subscription on Friday, June 23, closed on Tuesday, June 27.

₹91.15 apiece on the NSE SME platform, as compared to the IPO price of ₹65. However, soon after the listing, the stock was locked at a lower circuit of 5% at ₹86.60 per share. The initial public offering (IPO) of Ahmedabad-headquartered Magson Retail And Distribution was subscribed 6.74 times during June 23 to 27.

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