The total premium rose 16 per cent to Rs 11,673 crore during the quarter as compared with Rs 10,050 crore in the year-ago period, HDFC Life said.
Even earlier governments had schemes of providing houses, roads etc but the sense of urgency was missing, she said, adding, nearly 50 per cent of the population were devoid of fundamental things 50 or 60 years post independence.
The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways.
In August, retail investors pumped in Rs 20,245.26 crore into equity mutual funds, a rise of 165 per cent over July. This money is being deployed in the stock markets, aiding the bull rally. A section of market analysts opines that too much money is now chasing stocks.
The government has so far not clarified whether or not it plans to foot the bill for this price reduction, which will benefit over 31 crore domestic LPG consumers in the country.
Axis Bank’s provisioning increased to Rs 815 crore during the second quarter of the current fiscal, up from Rs 550 crore in the year-ago period.
Between November 12 and 28, the share price of Raymond has dropped by around 17 per cent from Rs 1,901.65 to Rs 1,578.75 apiece.
At the interbank foreign exchange market, the local unit opened strong at 82.97 against the greenback and traded in a range of 82.90-83.06.
France’s TotalEnergies SE will invest $300 million in a new joint venture with Adani Green for renewable energy project, the conglomerate said.
The index was also on its way to the largest weekly gain since late March 2020.