Good morning!
Here are the top stories to start your day.
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⭐ LIC premium collection rise
State-owned Life Insurance Corporation (LIC) total premium collection rose by 16.7% YoY to ₹2.32 lakh crore, giving it a market share of 62.5% as on March 2023. Meanwhile, private insurers like HDFC Life saw an 18.8% rise in the premium collection, while SBI Life’s collections grew by 16.2%.
⭐ Mahindra Lifespace bags new project
The real estate arm of Mahindra Group has secured a redevelopment residential society project in Mumbai. According to the company, this project has a revenue potential of around ₹850 crore.
⭐ Century Textile Q4 net profit rise
The textile firm has reported over 69% YoY rise in its consolidated profits to ₹142 crore for the quarter ended 31 March 2023. Meanwhile, its sales were flat during the quarter at ₹1,187 crore. The company said its pulp and paper business performed well, backed by robust sales, process improvements, and impactful cost-reduction initiatives. In addition, the company also declared a dividend of ₹5 per share.
Global markets (at 7:55 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.12% |
| Nikkei 225 (Japan) | ▲ 0.42% |
| Hang Seng (Hong Kong) | ▼ 1.12% |
| SSE Composite (China) | ▼ 0.46% |
| Dow Jones (US) (April 24) | ▲ 0.20 |
| NYSE (US) (April 24) | ▲ 0.18% |
| Nasdaq (US) (April 24) | ▼ 0.29% |
| S&P 500 (US) (April 24) | ▲ 0.09% |
Fact of the day
Mankind Pharmaceuticals will launch its public issue on 25 April 2023. The company plans to raise over ₹4,300 crore. Click here to learn more about Mankind Pharma IPO.