Day: April 29, 2021

Private sector HDFC Life Insurance reported a 2 per cent increase in standalone net profit in the quarter ended 31 March, 2021, at Rs 317.94 crore.

Online food delivery platform Zomato has filed for an initial public offering (IPO) with the Securities Exchange Board of India (SEBI), as the food delivery platform intends to raise Rs 8,250 crore (roughly $1.1 billion) this year amid the growing business in the pandemic.

S&P Global Ratings on Wednesday said the second wave of COVID infections poses downside risks to India’s GDP and heightens the possibility of business disruptions.

ADB on Wednesday said the Indian economy is projected to grow at 11 per cent in the current financial year on the back of the strong vaccination programme, but cautioned that second wave of COVID is worrying.