Sunday, October 11
Hero MotoCorp on Monday said its total sales increased 2 per cent year-on-year to 5,07,701 units in May. The company sold 4,98,123 units in May last year. Domestic dispatches to dealers rose to 4,88,997 units last month, as compared to 4,79,450 units in the year-ago period, the two-wheeler maker said in a statement. Exports rose to 18,704 units last month as compared to 18,673 units in May last year. The company said it also continued to gain retail market share in May 2025, aided by the positive response for its new products across the motorcycle and scooter categories.
Shares of Niva Bupa Health Insurance slipped as much as 11.1% on Monday to Rs 82 on the BSE after a large block deal involving a 12% equity stake saw 56.3 lakh shares change hands, as per ETNOW.Ahead of the trade, on June 1, ET NOW reported, citing sources, that homegrown private equity firm True North and Niva Bupa’s Managing Director and CEO, Krishnan Ramachandran, were set to offload a combined 132 million shares in the health insurer through a block deal.ETNOW had also reported that Fettle Tone LLP, an investment vehicle of True North, was expected to sell up to 122 million shares, or roughly 6.7% of Niva Bupa’s equity. CEO Krishnan Ramachandran was likely to dilute 10 million shares, equating to around 0.5% of the company. The offer price was set at Rs 82 per share, pegging the to
While a majority of the banks reported double-digit net profit growth for the March 2025 quarter, it was largely driven by a robust increase in the other income as most of them were unable to post strong growth in net interest income (NII). According to an analysis of the quarterly financials of listed banks by ETIG, the share of the aggregate other income in total income was at a three-year high of 15.7% in the March quarter, rising from the lows of 11.6% in the June 2022 quarter.“Bond yields fell significantly during the quarter, creating an opportunity for banks to book profits by selling a portion of their government securities holdings,” said Madhavankutty G, chief economist, Canara Bank. He added that the Reserve Bank of India’s (RBI) open market operations (OMOs) supported ban
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for Rs 1,507 crore through open market transactions.Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 17.29 crore shares or 9.46 per cent stake in two tranches in Niva Bupa Health Insurance, as per the bulk deal data on BSE.In addition, Niva Bupa Health Insurance MD and CEO Ramachandran offloaded 1 crore shares, representing a 0.55 per cent stake in Gurugram-based Niva Bupa Health Insurance.The shares were sold in the price range of Rs 82.11-82.76 apiece, taking the combined transaction value to Rs 1,507.50 crore.After the transaction, Fettle Tone's shareholding in Niva Bupa dipped to 8.01 per cent
