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ICICI Lombard Q3 Results: On a sequential basis, the net profit grew by 4.4% to Rs 694 crore in Q3FY25, while revenue rose 0.55% from Rs 5,004 crore in Q2FY25. Gross direct premium income (GDPI) stood at Rs 6,214 crore, a 0.3% decline compared to Rs 6,230 crore in Q3FY24, contrasting with the industry’s growth of 9.5% during the same period.

Oil prices rose on Friday, heading for a fourth consecutive week of gains as the latest U.S. sanctions on Russian energy trade hit supply, pushing up spot trade prices and shipping rates.

India’s IPO market is poised for significant growth, with experts predicting a record amount of capital raised in the coming years. The Association of Investment Bankers of India (AIBI) forecasts 1,000 IPOs in the next two fiscal years, leading to a capital formation of Rs 3 lakh crore by FY26. India topped global IPO volumes in 2024, surpassing the US and Europe.

Tech Mahindra Q3 Results: Revenue from operations in Q3FY25 stood at Rs 13,286 crore, marking a 1.4% increase from Rs 13,101 crore in the year-ago period.

Indian benchmark indices closed in the red on Friday, ending a three-day winning streak. The decline was led by losses in IT giant Infosys and private lender Axis Bank following the release of their quarterly results.

A total of 19,832 shares changed hands on the counter till 02:00PM (IST).

As of 31-Dec-2024, promoters held 60.2 per cent stake in the company, while FIIs held 25.26 per cent and domestic institutional investors had 4.08 per cent.

Kotak Mahindra Bank is likely to report a quarter-on-quarter decline in net interest margin (NIM) due to weaker CASA. Provisions are expected to rise in double digits YoY and sequentially, driven by higher delinquencies in unsecured retail and MFI. The bank will announce its Q3 earnings on Saturday, January 18.

European shares advanced in broad-based gains on Friday as government bond yields continued to ease, keeping the STOXX 600 on track for its fourth straight weekly gain.