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Saturday, July 30, 2011
Markets fall 3% on rate hike, US debt fears
Investors fretted over US debt woes and slowing domestic growth after RBI’s aggressive rate hike, which led to a negative closing for the week
Major news for the week
RBI hikes repo, reverse repo by 50 bps
Food inflation at 7.33% versus 7.58%
ICICI Bank consolidated net profit soars 53% in Q1
RIL Q1 net profit at Rs5,661 crore
SEBI raises open offer size to 26%
Term Insurance Claim Ratios
| Company | Claim Ratio (FY 2009-10) |
Aegon Religare | 48.00 |
Aviva Life | 87.11 |
ICICI Pru Life | 90.17 |
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