PRE-MARKET INDIAN STOCKS NEWS: ICICI Lombard General Insurance Company (ICICIGI IS) Q4 profit rose 7.25% Y/Y to INR 5.47bln (prev. INR 5.10bln), gross premium written rose 16.94% Y/Y to INR 80.74bln (prev. INR 69.04bln), net premium earned rose 10.8
ICICI Lombard's Q4 results show a solid 7.25% increase in profit year-over-year, driven by a 16.94% rise in gross premiums written.
Repsol (REP SM) is set to take back operational control of its Venezuelan oil assets and boost production following an agreement with the country’s government, according to FT
China's Foreign Minister Wang Yi stressed to Iran that the Strait of Hormuz needs to reopen and stressed freedom of navigation in Hormuz, while he said Hormuz reopening is a unanimous call from the international community
PRE-MARKET INDIAN STOCKS NEWS: ICICI Lombard General Insurance Company (ICICIGI IS) Q4 profit rose 7.25% Y/Y to INR 5.47bln (prev. INR 5.10bln), gross premium written rose 16.94% Y/Y to INR 80.74bln (prev. INR 69.04bln), net premium earned rose 10.8
Japan sells JPY 649.1bln in 10yr, 20yr and 30yr JGBs in enhanced liquidity auction; b/c 3.01 vs. Prev. 2.98
US President Trump posts "Trying to get a little breathing room between Israel and Lebanon. It has been a long time since the two leaders have spoken, like 34 years. It will happen tomorrow. Nice!"
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Aurobindo Pharma (ARBP IS) - Co.’s subsidiary TheraNym Biologics expanded its existing CMO agreement with Merck Sharp & Dohme Singapore Trading through execution of an additional product schedule. (Moneycontrol)
GMR Airports (GMRAIR IS) - Co. Q4 passenger traffic rose 0.9% Y/Y to 3.18 crore, domestic traffic rose 1.6% Y/Y to 2.41 crore, international traffic fell 1.3% Y/Y to 0.77 crore, aircraft movements rose 1.9% Y/Y to 1.92 lakh. (Moneycontrol)
HDB Financial Services (HDBFS IS) - Co. Q4 profit rose 41.4% Y/Y to INR 7.51bln (prev. INR 5.31bln), net interest income rose 21.6% Y/Y to INR 23.99bln (prev. INR 19.73bln). (Moneycontrol)
ICICI Lombard General Insurance Company (ICICIGI IS) - Co. Q4 profit rose 7.25% Y/Y to INR 5.47bln (prev. INR 5.10bln), gross premium written rose 16.94% Y/Y to INR 80.74bln (prev. INR 69.04bln), net premium earned rose 10.8% Y/Y to INR 57.91bln (prev. INR 52.26bln), operating profit rose 31.2% Y/Y to INR 5.46bln (prev. INR 4.16bln). (Moneycontrol)
This performance reflects strong demand in the insurance sector and suggests a favorable outlook for future revenues, which could indicate further growth potential in a competitive market. Analysts might view these results positively, supporting a strong position in the insurance space amidst broader economic conditions.
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