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Share Market News Live: Sensex drops 450 points, Nifty at 14,120; Maruti, SBI, Airtel, Titan, HUL top losers

Share Market News Live: Sensex drops 450 points, Nifty at 14,120; Maruti, SBI, Airtel, Titan, HUL top losers
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Nippon Life India AMC up 42% on lower cost - The Hindu BusinessLine

Nippon Life India AMC up 42% on lower cost January 27, 2021 Nippon Life India Asset Management has reported a 42 per cent increase in December quarter net profit at ₹212 crore against ₹149 crore logged in the same period last year, on the back of lower cost. The fund house will pay a dividend of ₹3 per equity share. The record date was fixed at February 8. While income from operations was down at ₹268 crore (₹303 crore), other income increased to ₹130 crore (₹57 crore) and pushed up the overall income to ₹399 crore (₹361 crore). Total expenses were down at ₹130 crore (₹167 crore). Average asset under management was up at ₹2.13 lakh crore against ₹2.04 lakh crore with equity accounting for 39 per cent (44 per cent), debt and liquid adding up to 30 per cent (27 per cent) and 14 per cent (16 per cent). Exchange Traded Fund contribution increased to 15 per cent of AUM (13 per cent)

NAM India Q3 PAT surges 42% at Rs 212 crore; total income up 11%

Nippon Life India Asset Management (NAM India) on Wednesday reported a 42 per cent jump in profit after tax at Rs 212 crore for three months ended December 31, 2020. In comparison, the company had a profit after tax (PAT) of Rs 149.30 crore in the year-ago period, NAM India said in a regulatory filing to stock exchanges. Total income rose by 11 per cent to Rs 399 crore during the quarter under review from Rs 360.64 crore in three months ended December 31, 2019. In addition, the company s board approved interim dividend of Rs 3 per share. Sundeep Sikka, ED and CEO of NAM India said, In the last six months, global and domestic economic activity has seen a sharp rebound. The Indian mutual fund industry s assets have increased at a strong pace in this period and, are poised to grow exponentially in the next three-five years .

Dalal Street Week Ahead: Here Are 10 Key Factors That Will Keep The Traders Busy

Dalal Street Week Ahead: Here Are 10 Key Factors That Will Keep The Traders Busy
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

Top institutional investor LIC buys stake in Nippon Life AMC

Top institutional investor LIC buys stake in Nippon Life AMC SECTIONS Share Synopsis Shareholder data as of December show Life Insurance Corporation (LIC) holds 90,62,231 shares, or a 1.48 per cent stake, in the company. Getty Images It could not be ascertained if LIC held any shares in the firm earlier. NEW DELHI: Life Insurance Corporation (LIC), India’s largest domestic institutional investor, emerged a major minority shareholder in Nippon Life India Asset Management, the company that runs Nippon India Mutual Fund. Life Insurance Corporation of India holds 90,62,231 shares or 1.48 per cent in the company, according to shareholder data as of December. The stake is valued at Rs 283 crore at the current market price.

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