&w=3840&q=100)
Non-life insurers' premiums rise 9% to ₹79,306 crore in Q1 FY26
Mumbai
Listen to This Article
Non-life insurance companies reported an 8.85 per cent year-on-year (YoY) increase in premiums to Rs 79,306 crore in the April–June period of FY26 (Q1FY26), aided by solid growth in premiums collected by multi-line general insurers and standalone health insurers, data released by the General Insurance Council showed.
Multi-line general insurance companies reported an 8.9 per cent YoY growth in premiums to Rs 69,756.8 crore during the period, while standalone health insurance companies posted a 10 per cent YoY increase in premiums to Rs 9,151 crore.
In June alone, the non-life insurance industry's overall premium grew 5.16 per cent YoY to

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Economic Times
38 minutes ago
- Economic Times
Gold prices near 1-week low at 96,549/10 grams amid tariff war. Should you buy the dip?
Gold August futures contracts at MCX opened flat, near their 1-week low, at Rs 96,549/ 10 grams on Thursday, which was slightly up by Rs 88 or 0.09%. The prices were supported by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald Trump broadened his tariff war. ADVERTISEMENT Meanwhile, silver September futures contracts opened higher by Rs 218 or 0.2% at Rs 1,07,483/kg. On Thursday, gold and silver settled on a slightly weaker note in the domestic market and on a mixed note in the international markets. Gold August futures contract settled at Rs 96,461 per 10 grams with a loss of 0.01% and silver September futures contract settled at Rs 1,07,265 per kilogram with a loss of 0.67%. Gold and silver exhibited very high price volatility and extended their fall in the early trading session, but prices rose off the day's low as there were no new surprises in the Fed meeting minutes. The U.S. Fed stated that the current labor market is solid, but requires more clarity on the fronts of inflation and economic members also advocated for a rate cut in the next monetary policy meetings. 'Gold prices recovered from their lows amid possible Fed rate cuts, probably from the September policy meetings. Gold prices hold $3,300 per troy ounce levels amid global uncertainty due to U.S. trade tariffs, while silver prices plunged amid weakness in the industrial metals after Trump announced 50% tariffs on the import of copper,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. ADVERTISEMENT The US dollar index slipped to about 97.3 on Thursday, extending its losing streak as investors shifted toward riskier assets amid a broad surge in stocks and commodities. Today, the US Dollar Index, DXY, was hovering near the 97.39 mark, falling 0.17 or 0.17%.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and U.S. trade tariff uncertainty but gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $35.40 per troy ounce levels on a weekly closing basis,' he added. ADVERTISEMENT Gold has support at Rs 96,100-95,770 and resistance at Rs 96,850-97,200 Silver has support at Rs 1,06,650-1,06,000 and resistance at Rs 1,07,950-1,08,800 Jain suggests buying gold on dips around Rs 96,200 with a stop loss of Rs 95,770 on a closing basis for a target of Rs 96,900. ADVERTISEMENT Standard gold (22 carat) prices in Delhi stand at Rs 57,408/8 grams while pure gold (24 carat) prices stand at Rs 61,192/8 grams. ADVERTISEMENT Standard gold (22 carat) prices in Mumbai stand at Rs 57,992/8 grams while pure gold (24 carat) prices stand at Rs 61,816/8 gold (22 carat) prices in Chennai stand at Rs 56,672/8 grams while pure gold (24 carat) prices stand at Rs 60,416/8 gold (22 carat) prices in Hyderabad stand at Rs 57,184/8 grams while pure gold (24 carat) prices stand at Rs 60,912/8 grams. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Indian Express
40 minutes ago
- Indian Express
Exclusive: Marans patch up — how Stalin, Veeramani and N Ram brokered peace
It took DMK chief and Tamil Nadu Chief Minister M K Stalin's active intervention, including seeking the help of Dravidar Kazhagam president K Veeramani and The Hindu daily's N Ram, for the feud between the Maran brothers to be settled. Two top sources, in the Maran family and DMK, told The Indian Express that, as part of the deal, DMK MP Dayanidhi Maran gets around Rs 800 crore in cash and four plots of land in Chennai's elite Boat Club area, together valued at around the same. The dispute between the Maran brothers came to a head in early June when Dayanidhi issued a legal notice to elder brother Kalanithi, accusing him of fraudulent share allotments, corporate misgovernance, and unilateral decisions in the early 2000s when SUN TV Network was a private company. Sources said that while Dayanidhi had sought Rs 1,500 crore to settle, Kalanidhi was willing to offer only Rs 500 crore. Stalin, who has earlier too brokered peace in the Maran family, tried first on his own to get the two brothers to reach a settlement. After that failed, he turned to Veeramani and N Ram, both of whom have ties to the family. Sources said that three rounds of talks were held subsequently, including two in person and one via video conference, before a deal was reached. As per the notice sent by Dayanidhi, in 2003, while their father Murasoli Maran was in a coma, Kalanithi allotted himself 12 lakh equity shares at a nominal Rs 10 per share, consolidating over 60% stake in SUN TV. This, it alleged, reduced the stakes of the Maran family and M Karunanidhi families from 50% each to 20% each. Dayanidhi's notice also listed possible violations under the corporate law, the previous Indian Penal Code, and Prevention of Money Laundering Act. In a formal response to the allegations, in a filing to the stock exchange, SUN TV stated on June 20 that all these transactions had been legally vetted prior to the company's public listing. It called the allegations 'incorrect, misleading, speculative, defamatory and not supported by facts or law', and said the dispute with Dayanidhi was 'purely personal in nature' and had no bearing on its operations. Nevertheless, SUN TV took a beating in the markets, with its share prices dropping over 5% in intra-day trading, before recovering partially to close nearly 1% down. Over the following days, its stock experienced an overall decline of about 8% from recent highs – rattling investor confidence. A top source in the DMK first family confirmed that Stalin was visibly displeased over how the matter had unfolded publicly – especially so close to the Assembly elections next year – and, hence, stepped in to defuse the situation. Stalin's decision to turn to Veeramani, who will turn 92 this December, was prompted by his stature as an elder statesman of Tamil Nadu politics and respected figure in the Dravidian movement. Plus, unlike Stalin's family, Veeramani had no financial interests in SUN TV. N Ram, a senior journalist and former editor of The Hindu, also had a role to play as a relative of the Maran family. Ram has always been close to the DMK ideologically, while his stature in the media world lent credibility and balance to the mediation. 'First, Veeramani phoned the Maran family. After that the others also joined, and three rounds of talks were held between the last week of June and the first week of July,' a source said. 'Both parties were asked to refrain from speaking to the media and were urged to settle and move on.' The talks emphasised the cost to the reputation of the DMK and Maran family due to the dispute, as well as the protracted nature and high legal costs of continued litigation. The late Murasoli Maran was the nephew of Karunanidhi, making him a cousin of Stalin. He was responsible for the DMK gaining a voice – and space – in the Delhi power corridors, and served as a Cabinet Minister in multiple Central governments. As long as Murasoli was around as the family patriarch, Kalanithi and Dayanidhi heeded to his wishes and peace was kept. This was helped by the fact that the brothers chose different career paths – Kalanithi carving out an empire in regional television by founding SUN TV in 1993, which initially broadcast from Singapore, and Dayanidhi entering politics and leveraging his father's legacy to become the Union Minister for Telecom in the 2000s. The first rupture in the family was seen in 2007, when the Maran family newspaper Dinakaran published a poll favouring Stalin as Karunanidhi's political heir and placing Dayanidhi over Stalin's elder brother M Alagiri. The supporters of Alagiri reacted violently, including with an attack on the paper's office. Since then, tensions never settled down in the family. However, the financial angle being added to the list of grouses between the brothers made the current episode among the worst. 'This whole thing could have gone the other way,' said one senior source. 'But Stalin, Veeramani, and Ram made it clear: let this end now, before it weakens everyone.' While N Ram said 'I have no comment' when reached on the matter, Kalanidhi, Dayanidhi and Veeramani couldn't be contacted.


Time of India
40 minutes ago
- Time of India
Motilal Oswal see 4% downside for Bharat Dynamics, starts coverage with neutral call amid lofty valuations
Motilal Oswal has initiated coverage on Bharat Dynamics Ltd with a 'neutral' rating and a target price of Rs 1,900, about 4% below its current market value, cautioning that the stock's sharp run-up leaves little room for near-term upside. While lauding the defence manufacturer's robust order book, export momentum, and earnings potential, the brokerage said it would 'look for lower price points to enter the stock' given the demanding valuations. Shares of Bharat Dynamics fell 2.2% on Thursday to Rs 1,941.25 on the BSE. Motilal Oswal expects a sharp scale-up in execution as supply chain headwinds ease, driving a 35% revenue CAGR and 51% PAT CAGR over FY25–28. 'We like the business model of BDL and its ability to scale up its revenues and order book in current scenario,' the brokerage said, but noted that the stock is already trading at 70x/52x/38x FY26/FY27/FY28 earnings, valuations it considers fair. The target price of Rs 1,900 is based on 42 times the company's estimated earnings for September 2027. BDL's EBITDA margins are expected to remain strong at 24–26%, supported by backwards integration and a higher share of indigenized products. The company has indigenized 80–90% of several key missile platforms and is working with DRDO on about 40 development programs. Export momentum and order pipeline BDL's export revenue surged to Rs 12 billion in FY25 from Rs 1.6 billion the previous year, buoyed by demand for its Akash, Astra, and Helina missile systems, among others. The company has received export approvals for the Akash Weapon System to nine countries and is attracting further interest for torpedoes and air-to-air missiles, the brokerage noted. Its order book currently stands at Rs 227 billion, with a potential addressable market of Rs 500 billion over the next few years, including large-ticket orders such as the Quick Reaction Surface-to-Air Missile (QRSAM), Astra Mk1, and the indigenous long-range SAM system under Project Kusha. Defence spending tailwinds The brokerage highlighted a supportive macro backdrop, with NATO's revised 5% defence spending target by 2035 and India's recent Defence Acquisition Council approvals worth Rs 1 trillion. These developments are likely to expand the addressable market for domestic defence manufacturers. Motilal Oswal also pointed to BDL's diversification into new areas such as drone-delivered payloads, cruise missile engines, and advanced seekers, which could support long-term growth. Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it? Despite the promising outlook, the brokerage flagged risks including reprioritisation of India's defence budget, delays in execution, and any changes in procurement policy. Supply chain dependencies, though easing, remain a sensitivity given BDL's integration with global vendors. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)