Saturday, November 23
A study by Policybazaar revealed that nearly a third of health insurance claims are due to seasonal infectious diseases like dengue, malaria, gastroenteritis, and influenza. These claims, driven by poor hygiene and environmental conditions, vary throughout the year, with treatment costs ranging from Rs 25,000 to Rs 1,50,000. Hospitalization rates for such illnesses have also increased.
Ola Electric Mobility shares saw a significant surge on their debut, closing with a 20% gain at Rs 91. The Rs 6,146-crore IPO was the largest in India in the past two years. Despite a lower-than-expected subscription from high net worth investors, long-term buyers lifted the stock after initial selling by HNIs.
Diesel price in Malaysia surged by over 50% as part of fuel subsidy reforms led by PM Anwar Ibrahim to tighten government spending and redirect subsidies to the needy.
The Reserve Bank of India's decision to revise the GDP growth projection for 2024-25 from 7 per cent to 7.2 per cent had a significant impact on the stock market on Friday. As a result, the Benchmark Sensex experienced a remarkable surge, soaring by more than 1,720 points, which translates to an increase of over 2 per cent.
RBI kept benchmark interest rate unchanged at 6.5%, instilling confidence in the market. Expectations of repo rate cut in FY25. Monetary Policy Committee meet post elections focused on inflation and economic growth. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while uncertainties related to food price outlook warrant a close monitoring.
