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PRE-MARKET INDIAN STOCKS NEWS: HDFC Life Insurance (HDFCLIFE IS) Q1 (INR) new business premium rose 12% Y/Y to INR 81.43bln and annual premium equivalent rose 9% Y/Y to INR 35.15bln

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Indian financial firms like Angel One and HDFC Life reported Q1 growth, while ICICI Lombard saw profit declines. Tata Motors flagged concerns over proposed CAFE II amendment changes.

News detail

Angel One (ANGELONE IS) - Co. Q1 (INR) net rose 102% Y/Y to INR 2.71bln, rev. rose 26% Y/Y to INR 14.14bln. (Economic Times)GMR Airports Infrastructure (GMRI IS) - Co. reported June passenger traffic fell 0.3% Y/Y, with domestic traffic down 0.4% and international traffic up 0.1%. (Moneycontrol)HDB Financial Services (HDBFS IS) - Co. Q1 (INR) net rose 38% Y/Y to INR 785mln. (Economic Times)HDFC Asset Management Co. (HDFCAMC IS) - Co. Q1 (INR) net rose 12% Y/Y to INR 838mln, operating profit rose 10% Y/Y to INR 828mln, rev. rose 14% Y/Y to INR 1.10bln. (Economic Times)HDFC Life Insurance Co. (HDFCLIFE IS) - Co. Q1 (INR) new business premium rose 12% Y/Y to INR 81.43bln and annual premium equivalent rose 9% Y/Y to INR 35.15bln. (Moneycontrol)ICICI Lombard General Insurance Co. (ICICIGI IS) - Co. Q1 (INR) net fell 46% Y/Y to INR 4.03bln, net premium earned rose 15.8% Y/Y to INR 59.50bln. (Moneycontrol)State Bank of India (SBIN IS) - Co. appointed former LIC executive Sunil Agrawal as Chief Financial Officer. (Economic Times)Tata Motors (TMPV IS) - Co. raised concerns over the government's proposal to allow automakers to purchase cheaper credits directly from the Bureau of Energy Efficiency under the draft CAFE II amendment. (Economic Times)

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