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ICICI Prudential Life Insurance Company tanked over 10% on Thursday to the day's low of Rs 463.45 in Thursday's trade on the NSE as the Street was unimpressed by the company's December quarter earnings which saw a 3% increase in net profit to Rs 227 crore versus Rs 220 crore reported in the year-ago period. Net premium income was up 5% year-on-year (YoY) to Rs 9,928 crore mainly due to growth in first-year premium. Today's action in the stock of ICICI Prudential takes the declining trend to six sessions in a row while extending the price erosion to over 14% during this period. More than one crore shares changed hands on the NSE around 11 am triggering the selling pressure. For the nine months, the annualised premium equivalent, a measure of life insurance business computed as a sum of annualised first-year premium and 10% of single premiums, grew by 1.7% to Rs 5,430 crore. The company saw an increase in expenses, especially commissions, which resulted in the expense management ratio moving up to 18.3% during the quarter from 14.7% a year ago. Commissions paid including rewards and compensation to agents, brokers and intermediaries increased to Rs 1,000 crore during the quarter from Rs 391 crore in the year-ago period. The company's solvency ratio fell to 196% from 212%. Persistency or the number of policies saw some improvement.

Insurers in India grappled with multiple issues while reviewing motor accident claims and among them stood out damage to cars by stray dogs, falling coconuts and even elephants, TOI reported. According to Go Digit’s year-end roundup, these unique claims showcase the diverse and unexpected challenges faced by vehicle owners in India. Even though they form a comparatively smaller portion of mainstream claims, insurers noted claims arising from collisions with fixed objects or parked vehicles, as well as damages caused by falling branches. Data shows that the most prevalent type of accident claim results from rear-end collisions with another vehicle, closely followed by frontal collisions and hit-and-run cases. Among the peculiar incidents, claims involving animals stand out.

Shashi Tharoor has continued his ongoing fight with the Civil Aviation Minister by demanding Jyotiraditya M. Scindia to drop his ego and seek an apology from the public concerning the flight crisis at the Delhi airport. Quoting Minister's post on social media platform 'X,' Tharoor said «It would be prudent for the Honourable Minister to apologise to them for the agony and distress that his Government has caused, enabled, and overseen rather than engage in .. Scindia had switched parties when he left the grand old party to join BJP in 2020.

There are times when life imitates art to a degree that it’s almost impossible to explain it away as coincidence.

The amount of time you spend online or on your phone can be linked to lower levels of mental health or dissatisfaction in friendships and relationships.

Bengaluru is likely to face power outages for two days- 18 and 19 January. According to reports the Bangalore Electricity Supply Company (BESCOM) has undertaken several maintenance and repair works which will consequentially lead to power outages in the IT capital of India.

Q3 results today: Amid high volatility on Dalal Street, bulls are expecting Q3 results 2024 to provide some support to the buyers as most of the analysts are recommending stock specific approach in the current market scenario. For such investors who believe in stock stock-specific approach, a total of 22 listed companies are going to declare their respective Q3 results today. Those 22 listed companies include IndusInd Bank, Polycab India, Tata Communications, Poonawalla Fincorp, Metro Brands, Finolex Industries, Mastek, South Indian Bank, etc.

₹3,070.55 apiece on the BSE. On January 17, Asian Paints shares fell 1.66% after the company reported its Q3 results. Asian Paints posted a net profit of ₹1,475.16 crore for the quarter ended December 2023, registering a growth of 34.4% from ₹1,097.06 crore in the year-ago period.

Austrian-born actor and former governor of California, 76, was detained in the customs area on Wednesday afternoon after arriving from the United States, spokesman Thomas Meister said. Schwarzenegger was expected to be able to continue his journey later in the day but "the watch will probably have to stay", Meister said.

ICICI Prudential Life Insurance share price cracked almost 10 per cent in early trade on BSE on Thursday, January 18, a day after the company announced its December quarter (Q3FY24) earnings. ICICI Prudential Life Insurance share price opened at ₹464.90 against the previous close of ₹515 and soon plunged to hit its 10 per cent lower circuit of ₹463.50. ICICI Prudential share price traded 7.52 per cent lower at ₹476.25 around 9:40 am.

South Korean law enforcers have extradited a man suspected of stealing $3.5 million from a nursing care fund to buy cryptoassets before fleeing abroad.

Day Two of the annual meeting of the World Economic Forum in Davos was about Ukraine’s Zelenskyy and Chinese Premier Li, Day Three was a mixed treat, with Argentina’s new President Javier Milei getting more mileage at the event. European Central Bank president Christine Lagarde, IMF’s Kristalina Georgieva, and an address by French President Emmanuel Macron were also in focus for their star power.

Asian Paints with a target price of Rs 3340. The current market price of Asian Paints Ltd.

earnings on Thursday along with 41 other companies. After HDFC Bank's results on Tuesday which left the Street unimpressed, investors will be keeping a close watch on the earnings of this fifth largest private bank. Among other important results that are likely to be tracked closely today include those of Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop and Tata Communications. On Wednesday, Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. This was higher than the ETNow poll of Rs 1,353 crore. Consolidated revenue from operations grew by 5.4% YoY to Rs 9,103 crore but trailed estimates of Rs 9,356 crore. LTIMindtree was another Nifty company which reported a consolidated PAT of Rs 1,168.9 crore versus ET NOW poll of Rs 1,175 crore. The IT services company's net profit rose 17% YoY. The same stood at Rs 1,000 crore a year ago. Read More: IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable

Aditya Birla Fashion and Retail (ABFRL), Ashok Leyland, Bandhan Bank, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Metropolis Healthcare, National Aluminium Company, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Biocon, The India Cements, Indus Towers, and Piramal Enterprises have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

Sacnilk.com, the film raked in an estimated ₹0.2 crore on its 27th day across all languages in India for the Hindi region. Though the film has seen a dip in numbers as compared to its earlier collections, it's a commendable feat considering the film has been in theatres for nearly four weeks now. The film still running in theatres is a testament to the film's strong audience connection and its appeal across various regional markets.

₹80 crore, according to sacnilk report. On Wednesday, HanuMan raked in ₹11.50 crore. Moreover, this week, the film, fronted by Teja Sajja, earned ₹100 crore at the worldwide box office.

Your job may disappear altogether as AI will impact 40% jobs, finds IMF analysis 70% of GenZ and 82% of Millenials agreed that AI tools can help them in their career growth. More than 70% of young employees admitted that AI tools will enhance their job-hunting process, pick the right jobs, and boost their confidence by simulating interviews and providing interview tips. Indian employment data generates both misconceptions and puzzles The report, which collated the responses from 1,097 professionals in full-time or part-time employment, added that nearly 9 in 10 (88%) of professionals in India are considering a new job in 2024, up by 4% YoY compared to 2023.

dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal Reserve will not rush to lower interest rates. Australia's dollar weakened after data showed an unexpected decline in employment. The U.S.

Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a U.S. operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of the more than three-month-old war between Israel and Palestinian Hamas militants in Gaza.

Gold prices edged higher on Thursday, helped by a softer U.S. dollar and lower Treasury yields, but hovered near five-week lows as investors tempered rate-cut optimism after hawkish comments from central bank officials and robust data.