Sector in News
Asset management companies (AMCs) are coming out with differentiated target maturity funds to present a better risk-reward proposition, maximise yields, and also to make their product stand out amid stiff competition in the sector
IT services companies are now hitting the pause button. This comes at a time when five of the ten largest firms recorded a sequential decline in the sales and support staff in the September quarter, as they let go of non-revenue generating employees, thereby putting an unofficial hiring freeze.
Defence sector Tamil Nadu announced on Tuesday a new policy that will seek investments worth Rs 75,000 crore in aerospace and defence industries in the next ten years. The policy seeks to generate 100,000 jobs in the sector. Chief Minister M K Stalin said that the state aims to be a trillion-dollar economy by 2030-31 and its focus is on the manufacturing and services sector
The non-life insurance industry premiums grew at 15.51 per cent YoY netted premiums to the tune of Rs 20,423.38 crore in October. General insurers, who operate multiple lines of business, reported a 17.5 YoY growth of Rs 18,390.86 crore on the back of a robust performance by state-owned firms. Standalone health insurers reported a 20 per cent YoY jump in premiums in the same period.
By: via Allies Fin Serve Stock Market
