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Axis Securities, in a note, said it expects the company to report a nearly 33 per cent fall in net profits for the March quarter. This is despite the net premium earned for the quarter will likely rise about 9 per cent.

It is looking to wrest market share from private and foreign rivals, including Axis Bank, Citi and ICICI.

On an annual basis, it reported revenues of Rs 3056 crore in fiscal 2021-22, up from Rs 1575 crore in fiscal 2020-2021.

​​ In comparison, the company had posted a PAT of Rs 316.08 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing to the stock exchanges.

Sharekhan expects the bank to report a 44.3 per cent YoY rise in profit at Rs 3,864 crore compared with Rs 2,677 crore in the same quarter last year.

The markets are opening with a gap up or a gap down for several days. The behavior of the market remained orchestrated and such behavior often tends to defy technical principles in the short-term. So, in such given circumstances, it becomes all the more important that we keep broader technical picture in mind and stick to the technically derived values.

Strategic acquisition of Globalise will enable retail investors to invest in global products via fractional investments. Most banks and broker networks in India have a large base of retail clients who typically prefer self researched practices.

The company said its consolidated net profit increased to Rs 80.60 crore from Rs 52.75 crore a year ago, a jump of 53 per cent. The revenue of the company also rose to Rs 665 crore from Rs 547 crore, up 22 per cent.

The Dow Jones Industrial Average rose 210.7 points, or 0.63%, at the open to 33,450.92.

Several developments are already unfolding in India since 2008, when S&P launched its ESG India index. In 2021 a welcome standardization of ESG reporting was brought forth by SEBI. It launched the BRSR (business responsibility and sustainability reporting) framework, mandatory for Top 1000 listed companies from FY23 onwards.