9:31 AMOil India gains nearly 3% after Q1 resultsFor Q1, Oil India saw a profit decline of 9.1 per cent Y-o-Y to Rs 1,466.8 crore from Rs 1,613.4 crore.
However, revenue, excluding excise duty, grew 17.7 per cent to Rs 5,331.9 crore.9:28 AMBiocon slips 1% on weak operational earnings in Q1The company reported a 550.6 per cent increase in profit to Rs 659.7 crore in Q1FY25, up from Rs 101.4 crore in Q1FY24.
Revenue rose marginally 0.3 per cent to Rs 3,432.9 crore, with other income increasing to Rs 1,134.5 crore.9:26 AMLIC share price up over 1% after Q1 resultsIn Q1FY25, new business premiums surged 26.96 per cent to Rs 58,470 crore, up from Rs 46,052 crore (Q1FY24).
The total annual premium equivalent (APE) increased by 21.3 per cent to Rs 11,560 crore.
The net value of new business (VNB) grew 23.65 per cent to Rs 1,610 crore.
Net profit climbed 9.6 per cent to Rs 10,461 crore.8:41 AMNomura eyes 25 bp rate cut by RBI in Oct, 75 bp in FY25gt;>The combination of softer growth and inflation, along with increased degrees of freedom from the expected turn in the global monetary policy cycle indicates that the October meeting is live, Nomura said.gt;>Nomura retained its view that the RBI will deliver a 25 baisi points (bp) cut, with 75 bp of easing in FY25.gt;>The RBI retained its FY25 CPI inflation forecast of 4.5 per cent.gt;>Though, Nomura's estimates show that its upward revision of the July-September quarter (from 3.8 per cent to 4.4 per cent) is unlikely to materialise, as food prices are already reversing in August.8:27 AMNomura maintains 'Neutral' rating on Bharat Forgegt;> Revenue at Rs 2330 crore was up 10 per cent Y-o-Y, largely in line with our and Bloombergconsensus estimates.gt;>Adjusted PAT of Rs 370 crore was behind its and consensus estimates by 6 per cent.>>Nomura said that steady order wins in the defense export segment validates positive long-term potentialgt;> Though, this is likely to be partly offset by slower growth in theglobal/domestic CV segment.gt;>Hence, it expects revenue growth to slow to 14 per cent/12 per cent Y-o-Y in FY25F/26F (21 per cent in FY24).gt;>Nomura maintained 'Neutral' rating on the stock with a target price of Rs1,431.