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Here are the top stories to start your day.
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⭐ ICICI Lombard reports robust Q4 numbers
The private general insurer reported nearly 40% YoY jump in net profit to ₹437 crore during the March quarter. Meanwhile, the net premium earned by the company was at ₹3,726 crore, a rise of 12%YoY. Along with the result, the company also announced a final dividend of ₹5.5 per share.
⭐ Prestige Estate new acquisition
The real estate firm has acquired a majority stake (51%) in commercial property developer Dashanya Tech Parkz for ₹66 crore. Prestige Estate will acquire this stake through its wholly-owned subsidiary Prestige Exora Business Parks Ltd.
⭐ Tata Coffee clocks higher Q4 revenue
Tata Coffee reported a 10% YoY rise in its consolidated revenue to ₹723 crore during the March quarter. As per management, improved price realisations driven by superior product mix in the instant coffee business aided the quarterly performance. Meanwhile, its net profit rose 9.5% YoY to ₹70 crore. The company also announced a dividend of ₹3 per share.
Global markets (at 7:45 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.11% |
| Nikkei 225 (Japan) | ▼ 0.23% |
| Hang Seng (Hong Kong) | ▼ 1.03% |
| SSE Composite (China) | ▼ 0.37% |
| Dow Jones (US) (April 18) | ▼ 0.03% |
| NYSE (US) (April 18) | ▲ 0.11% |
| Nasdaq (US) (April 18) | ▼ 0.04% |
| S&P 500 (US) (April 18) | ▲ 0.09% |
Fact of the day
iPhone maker, Apple Inc open its first official India store in Mumbai on 18th April
Source: Live Mint
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