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FPIs invest Rs 54,980 cr in Indian equities in Dec so far
Going forward, on the domestic front, the focus of FPIs would continue to be on the active COVID-19 case count coming further down and the economic getting back on growth trajectory, Himanshu Srivastava, associate director – manager research, Morningstar India said. There has been improvement in the macro-economic environment which has so far ensured that FPI flows remain intact.
COVID-19-battered auto sector drives into 2021 with cautious optimism
”The biggest challenge is to sustain business operations and ensuring financial health of the organisation. Performance of the automotive industry is linked to each stakeholder in the value chain starting from vendors to our dealerships,” Kim said. Honda Cars India Senior Vice President and Director Marketing & Sales Rajesh Goel said with the health crisis expected to continue for some time, rise in personal mobility is likely to help the auto industry sustain sales momentum in the coming months.
Bharti AXA General Insurance records a net profit of Rs 95 cr in H1 FY 2020-21
“As the headwinds followed the COVID-19 pandemic, subsequent lockdowns and restrictions, we shifted our focus towards ensuring that customers’ plight is better managed in these trying times. The judicious investment made formerly in tech solutions across all touch-points reaped immense benefits in this period and helped us respond with the required agility. Further, efforts were made towards ramping up adoption of self-service options, building pro-active connect with customers especially in cases adjudication of claims remotely and reimbursement claims. The quick adaptation to the new normal, driven by digital realities and changed customer needs helped build a better customer connect and strong performance during this period. With the economic and business activities picking up post-lockdown,”he said.
Home loan ticket size up to over Rs 26 lakh in 2020 on incentives, non-metro demand growth: Report
In credit card segment, non-metros remained ahead of metros with their contribution growing by over 20 per cent. There was 115 per cent rise in applications for premium credit cards and 240 per cent jump in applications by females in non-metros, showed the study. ”Habits once formed during the pandemic are likely to last. Credit card users have gotten used to accelerated rewards and cashback through online shopping. This will likely continue,” the report said.
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