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General insurers in alien territory on surety bonds

Updated at : 2022-02-05 10:25:01

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Surety bonds issued by insurance companies are designed to provide a guarantee to government agencies or companies for the delivery of projects. Small businesses buying these unsecured bonds will pay a premium to an insurance company in exchange for an underwriting guarantee in case of a default in a project.

ICICIDirect expects loan growth of 6.7 per cent YoY at Rs 26.1 lakh crore and deposits growth at 9 per cent YoY. It sees NII growing at 6.5 per cent YoY to Rs 30,600 crore. Non-interest income is seen improving sequentially to Rs 8,600 crore.

Paytm Q3 Results: Loss widens to 778.4 crore

Updated at : 2022-02-05 10:25:01

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The consolidated revenue from operations of Paytm increased by about 88 per cent to Rs 1,456.1 crore during the reported quarter from Rs 772 crore it posted in the December 2020 quarter.

​​Revenues were broadly stable on sequentially as improvement in net realisations more than offset the drop in volumes, the company said in a BSE filing

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Total revenue increased to Rs 637.83 crore during the third quarter of the current fiscal year compared with Rs 619.56 crore in the year-ago period.

"Retail interest in the stock market is a healthy sign. Our youngsters are finding that there are ways other than keeping money in fixed deposits; there are ways in which they can engage, however risky it might be. But one has to be a discerning investor."

Kalyan Jewellers Oct-Dec quarter profits up 16%

Updated at : 2022-02-04 22:20:03

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The jewellery chain registered revenues of Rs 3435 crore and PAT of Rs 135 crore during the Oct-Dec quarter compared to Rs 2936 crore in revenues and Rs 115 crore in PAT over the same period last year.

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Its revenue from operation was down 1.49 per cent to Rs 1,750.06 crore during the quarter under review as against Rs 1,776.62 crore.

Global markets have turned volatile lately, thanks to earnings impact and rate hike concerns. Analysts expect the trend to continue in the near future

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The Dow Jones Industrial Average was down 15.4 points, or 0.04 per cent, at the open to 35,095.74.

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