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A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain closed for the Lunar New Year holiday. SK Hynix Inc. and Samsung Electronics Co. fell, weighing on Korea’s Kospi.

The Insurance Regulatory and Development Authority of India (Irdai) has mandated that insurers cannot increase health insurance premiums for senior citizens by more than 10% annually. This directive aims to address the steep premium hikes observed in certain health insurance products for those aged 60 and above.

Bankers and brokers said a chunk of these shares could flood the market as various investors would look to book profits with the stock market precariously perched.

The inflows which had peaked at over ₹22,000 crore in August have tapered due to escalating US yields and a depreciating rupee making Indian government bonds less attractive to foreign portfolio investors, fixed income experts said.

The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed by corporate guarantees from Equinox India, Sion Developers, Citra Properties and RGE Constructions.

Non-interest income increased 34% year-on-year to ₹3,769 crore largely due to a doubling of treasury income and a tax refund during the quarter. Treasury income doubled to ₹936 crore from ₹410 crore a year ago as the bank made trading gains in the last quarter. The bank also accounted for ₹369 crore of income tax refund.

During the quarter, the company reported a net profit of ₹2,231 crore up from ₹2,158 in the corresponding quarter of the previous year. Total revenue from operations also rose by 10% YoY to ₹32,042 crore up from ₹29,038 crore.

Of the 21 IPOs since December 1, 19 shares returned between 9% and 160% on their debut. After the positive start, 17 are trading below their opening prices.

The Reserve Bank of India initiated a Rs 20,000 crore liquidity infusion through an OMO purchase, accepting liquid and illiquid bonds to manage market sentiments. The operation involved purchasing papers at both premium and discount rates. A second liquidity measure and another OMO auction are scheduled. System liquidity has been in deficit since mid-December 2024.

BEL Q3 Results: BEL, a Navratna Defence PSU, reported a turnover of Rs 5,643.25 crore for the third quarter of fiscal year 2025, reflecting a 36.97% growth compared to Rs 4,120.10 crore in Q3 FY24. Profit before tax (PBT) for the quarter reached Rs 1,754.15 crore, marking a strong 49.64% increase from Rs 1,172.26 crore in the same period last year.