Wed, Feb 10, 2021 9:18 PM
6-folds increase in soymeal exports reported in January
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SBI Life Insurance on April 26 reported a net profit of Rs 810 crore for the March quarter, up 4% from the year-ago period. Net premium income came in at Rs 25,116 crore against Rs 19,896 crore last year. The solvency ratio dipped to 1.96% versus 2.15% last year. For the year ended March 2024, the annualized premium equivalent (APE) of the insurer stands at Rs 19,720 crore with growth of 17% YoY.
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Emerging-market currencies will be attractive for carry traders as hawkishness has been spreading from the Fed to many developing central banks, per the strategists from Citigroup and JPMorgan Chase. The clearest move came from the central bank of Brazil, they said, adding that the monetary authority removed guidance for a 50 bps cut in interest rates and suggested a slowdown in easing instead.
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Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel. Adjusted first-quarter profit of $2.93 a share was 3 cents higher than the average of analyst estimates in the Bloomberg Consensus. Crude-oil output of almost 2 million barrels a day exceeded forecasts.
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