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⭐ ICICI Prudential reports robust Q4 numbers
Private life insurer reported a 26% YoY jump in net profit to ₹235 crore during the March quarter. Meanwhile, the company earned a net premium of ₹12,629 crore, a rise of 11% YoY. The value of new business (VNB), which is a key profitability metric, grew by 27.8% YoY to ₹2,765 crore in FY23.
⭐ Sterling & Wilson Q4 earnings falls
Renewable energy company reported subdued fourth quarter earnings. The company’s consolidated net loss stood at ₹417 crore. Meanwhile, its revenue from operations declined by over 91% to ₹88.4 crore. The company said its earnings were impacted due to cost increase due to certain cost provisions.
Global markets (at 8:10 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.02% |
| Nikkei 225 (Japan) | ▼ 0.07% |
| Hang Seng (Hong Kong) | ▼ 0.24% |
| SSE Composite (China) | ▼ 0.26% |
| Dow Jones (US) (April 20) | ▼ 0.33% |
| NYSE (US) (April 20) | ▼ 0.45% |
| Nasdaq (US) (April 20) | ▼ 0.80% |
| S&P 500 (US) (April 20) | ▼ 0.60% |
Fact of the day
In March 2023, India climbed two spots to 64th position in the global ranking of median mobile speeds
Source: Economic Times