9 FINANCEOUTLOOKINDIAMAY, 2026SENSEX CLOSES 850 PTS LOWER AND NIFTY ENDS WEAK ON OIL FEARSINFOSYS Q4 FY26: REVENUE DECLINES QOQ WHILE PROFIT JUMPSSBI LIFE INSURANCE POSTS RS 42,551 CRORE NBP, PAT AT RS 2,470 CROREDEEP ALGORITHM RAISES RS 16 CRORE LED BY UNICORN INDIA VENTURESINDIAN UHNWI POPULATION TO HIT 25,217 BY 2031: KNIGHT FRANKDeep Algorithms, AI driven cybersecurity and digital trust company has raised Rs 16 crore in pre-series round A led by Unicorn India Ventures. The round also saw participation from SB Investment (UAE), Mr Prakash Govindan (CEO, Gradiant, USA) and Mr Himanshu Singhal(CEO, inMorphis, India). The capital raised will be strategically deployed to expand into International markets, accelerate product development and strengthen the platform with next-generation features to address evolving identity and AI-driven security needs. India's benchmark equity indices - the BSE Sensex and NSE Nifty 50 - extended their losses for a second consecutive session on Thursday, weighed down by heavy selling in auto, banking, and consumer discretionary stocks amid rising global uncertainties.The Sensex declined 852.49 points (1.09%) to close at 77,664, taking its two-day decline to over 1,600 points. Meanwhile, the Nifty 50 fell 205.05 points (0.84%) to settle at 24,173.05, reflecting broad-based weakness across sectors.Investor sentiment remained fragile as crude oil prices surged above $100 per barrel due to ongoing tensions in the Middle East and disruptions in the Strait of Hormuz. The lack of clarity around a sustained US-Iran ceasefire further heightened volatility in global markets. SBI Life Insurance reported strong growth in its financial performance for FY2026, with its new business premium (NBP) rising to Rs 42,551 crore for the year ended March 31, 2026, compared to Rs 35,577 crore in FY2025. The insurer also recorded a robust 28% increase in single premium income during the same period.The company continued to strengthen its focus on protection-led offerings, with protection new business premium reaching Rs 4,622 crore, marking a 13% year-on-year growth. Notably, the individual protection segment grew 23% to Rs 973 crore, while individual new business premium stood at Rs 29,783 crore, up 13% from the previous year. Indian ultra-high-net-worth indi-vidual (UHNWI) population is set for robust expansion, with projec-tions indicating a rise from 19,877 in 2026 to 25,217 by 2031, according to The Wealth Report 2026 published by Knight Frank India.This marks a 27% increase over five years, highlighting India's growing prominence in the global wealth landscape. UHNWI refers to individuals with a net worth exceeding $30 million.The report underscores that India's wealth surge reflects a deeper structural shift in the economy - from a consumption - led model to one driven by entrepreneurship, capital markets, and global integration. India accounted for 2.8% of the global UHNWI population in 2026, up from just over 2% five years ago, with a remarkable 63.4% growth recorded between 2021 and 2026 - among the fastest worldwide. Infosys Q4 FY26 marked a mixed performance with revenue declining sequentially while profitability improved due to cost efficiencies, even as the company issued a cautious growth outlook for FY27.Infosys Q4 FY26 reported revenue from operations at Rs 46,402 crore, reflecting a 1.3% decline on a constant currency basis quarter-on-quarter (QoQ). The performance was weaker compared to the December 2025 quarter, indicating ongoing demand challenges across key global markets.The decline was attributed to softness in key verticals such as manufacturing and communications, along with macroeconomic uncertainty and delayed client spending decisions, particularly in the US and Europe.
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