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Despite a recent market rebound fueled by hopes of US-China trade negotiations, concerns linger about rich valuations and slower growth in India. While domestic investors are driving the rally, global investors remain cautious due to uncertainties surrounding US tariffs and their potential impact on the global economy.
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News and Media
Rakesh Gangwal and his family executed a significant block deal, selling a 5.72% stake in InterGlobe Aviation for 11,564 crore. This transaction, part of a phased exit strategy initiated after Gangwal's departure from the board in February 2022, reduces their holding to 7.81%. The sale, one of the largest recent secondary market deals, follows previous stake reductions by the family.
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News and Media
Life Insurance Corporation of India reported a 38% surge in March quarter net profit, reaching 19,013 crore, driven by non-participating products and improved margins. The board recommended a final dividend of 12 per share for FY25. Despite regulatory changes impacting premium equivalent, the value of new business rose, and the solvency ratio improved, showcasing a focus on profitable growth.
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News and Media
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