Thu, Jul 22, 2021 1:09 PM
Flipkart, Myntra ties up with Canopy to boost sustainability efforts
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ICICI Prudential Life Insurance said it will focus on growing its absolute Value of New Business moving forward. In the Q4FY24 results announced on April 23, the company said VNB, which is the expected profitability from new policies sold, fell 19.45 percent to Rs 2,227 crore for FY24 from Rs 2,765 crore in FY23. VNB margin also fell to 24.6 percent in FY24 from 32 percent in the previous year.
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Mumbai: Overseas investors were buyers of Indian equities worth ₹17,932 crore across 15 sectors between April 1 and 15, as per National Securities Depository Ltd (NSDL) data. Power sector received the highest inflow from foreign investors, who bought shares worth ₹5,143 crore after buying ₹45 crore in March. In 2023, the sector witnessed inflows worth ₹2,477 crore.
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The VIX unexpectedly plunged nearly 20% on Tuesday, as strengthening expectations of the BJP-led NDA winning by a wide margin in the upcoming general elections further boosted risk-on sentiment in the market. Analysts said an imminent change in the lot size of Nifty derivative contracts from Friday could have also contributed to Tuesday's drop in the VIX - the third-largest fall in a day.
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