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US equities are now expected to show an annualized total return of 4% over the next decade, much lower than the 12% seen in the previous 10 years, strategists Sarah McCarthy and Mark Diver wrote in a note.

Total advances grew 25% year-on-year to ₹1.75 lakh crore at the end of June, led by a 24% growth in loans to the retail, agriculture and micro, small and medium enterprises (RAM) segment, as a result of which net interest income (NII), or the difference in interest earned and interest expended, grew by 39% to ₹2,340 crore from ₹1,686 crore .

Consolidated net profit increased to ₹531 crore in the quarter ended June 30 from ₹261 crore a year ago. The strong growth in retail loans helped the company achieve a retail portfolio mix of 82%. The company is ahead of the stage-gated milestone of reaching the ultimate target of 80% by 2026.

ICICI Prudential settled at ₹559 on the NSE on Wednesday, down 2.74% from the previous close. More than 49 lakh ICICI Prudential shares exchanged hands on the BSE and NSE, twice the combined daily average volume for the last one month.

The company roped in HSBC to reach out to investors in a non-deal roadshow earlier this week and it may consider issuing overseas bonds in the second half of the financial year, two sources said.

The results were the worst for the Wall Street giant since the second quarter of 2020, when it took writedowns over corruption scandal linked to Malaysian state fund 1MDB.

Companies will lay down a framework for developing a system to restrict the trading by designated persons by freezing the permanent account numbers in the depository system and the stock exchanges. The market regulator will implement this in phases, it said in a circular. This requirement currently applies to companies that are part of the Nifty 50 and Sensex

Last week, the Delhi bench of the National Company Law Tribunal had admitted an insolvency petition against the government-owned logistics company by an operational creditor Roadwings International Pvt Ltd

Revenue from operations during the reporting quarter jumped 8% to Rs 3,223 crore as against Rs 2,988 crore clocked in the previous year quarter. The company said it has achieved "Lakshya 2026 goal" of over 80% retailisation three years in advance.

Bhanoo is currently serving as the Additional Zonal Manager of LIC in Bhopal.