The shares of stock broking firm Motilal Oswal surged 5% to day’s high at Rs 2,185 on Friday after it announced a proposal to consider allotment of bonus shares to its shareholders in an intimation filing to the exchanges.The stock broker informed the exchanges that the meeting of the board of directors will be held on Friday, April 26, 2024, wherein the company will approve the audited file.
Open FlipHDFC Life Insurance, one of India’s largest private sector insurance companies, expects its value of new business (VNB) margins to turn stable in the coming quarters after a blip in the January-March quarter, said Vibha Padalkar, Managing Director and Chief Executive Officer (MD and CEO) of the company. In the January-March quarter, HDFC Life reported an 18.3 percent year-on-year (YoY) drop.
Open FlipTesla Inc. chief Elon Musk is widely expected to announce an investment in India of $2-$3 billion and may present a 'roadmap' of investment of up to $20-30 billion in India, sources told CNBC-Awaaz on April 19. Musk will arrive in India on April 21 and meet PM Modi on April 22 in the first half and also meet startup founders at Bharat Mandapam in New Delhi at 4 pm on Monday, the channel reported.
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