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Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada. At close, the Sensex was down 689.81 points or 0.83 per cent at 82,500.47, and the Nifty was down 205.40 points or 0.81 per cent at 25,149.85. Also Read | Shikhar Dhawan Lauds Harmanpreet Kaur-Led India Side for Historic T20I Series Win i ...Read More >
Mumbai (Maharashtra) [India], July 10 (ANI): Indian equity benchmarks concluded the day in the red territory, weighed down by weakness in IT stocks. The stock markets on Thursday witnessed selling pressure at higher levels. At the end of the trading, BSE Sensex was down 345.80 points or 0.41 per cent at 83,190.28, and the Nifty 50 on the National Stock Exchange (NSE) slipped 120.85 points or 0.47 per cent to 25,355.25. From a sectoral standpoint, Nifty Realty and Nifty Metal indices outperform ...Read More >
New Delhi [India], July 9 (ANI): Indian banks witnessed significant gains in market capitalisation during the April-June quarter of 2025, driven by falling interest rates and increased liquidity, which collectively attracted investor confidence. According to S&P Global Market Intelligence data, 18 of the top 20 Indian lenders, including the nation's three largest, saw their market cap rise.HDFC Bank Ltd., India's largest bank by market cap, registered a strong 9.70 per cent increase in its marke ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
Mandi (Himachal Pradesh) [India], July 7 (ANI): Thunag in Himachal Pradesh's Mandi district is facing a severe water crisis after recent cloudbursts and floods washed away machinery, water pipes, and transformers used to extract and supply clean water. Jal Shakti Department Chief Engineer Anju Sharma visited the area to assess the damage. Speaking to ANI, she said, "All 81 panchayats in this constituency have been affected. Our people are tracing the sources... We collected all the staff as it ...Read More >
Mumbai, July 5 (SocialNews.XYZ) Private lender IndusInd Bank has reported a 3.9 per cent year-on-year (YoY) fall in net advances to Rs 3,34,477 crore for the quarter ended June 30 (Q1 FY26). The figure stood at Rs 3,47,898 crore in the same period previous year (Q1 FY25). On a sequential basis, advances dropped 3.1 per cent from Rs 3,45,019 crore reported in the March quarter (Q4 FY25). The decline was largely driven by weak performance in the bank's corporate banking segment, which fell sharp ...Read More >
NEW DELHI: The Nifty Bank index closed on a negative note on Wednesday. Shares of Punjab National Bank(up 0.69 per cent), Axis Bank Ltd.(up 0.18 per cent) and IDFC First Bank Ltd.(up 0.02 per cent) ended the day as top gainers in the pack. On the other hand, IndusInd Bank Ltd.(down 2.44 per cent), Au Small Finance Bank Ltd.(down 2.4 per cent), Bank of Baroda(down 1.82 per cent), HDFC Bank Ltd.(down 1.3 per cent) and Canara Bank(down 1.04 per cent) finished as the top losers of the day. The Ni ...Read More >
Stocktwits - Indian markets opened firm on Wednesday, tracking mixed global cues, as optimism builds around a potential U.S.-India trade deal ahead of the critical July 9 deadline. The retail sentiment on Stocktwits for Nifty remained 'bullish'. Sectorally, it's a mixed bag with technology and metals leading the gains, while PSU banks and media stocks witnessed some selling pressure. IndusInd Bank (NSE:INBK) is the top Nifty loser, falling 3% as Goldman Sachs (NYSE:GS) downgraded it to 'Sell' ...Read More >
Mumbai: India's broadest equity gauges Monday snapped a four-day winning streak to retreat from within 3% of life-time peaks, as investors looked beyond positive global cues and renewed foreign fund inflows to book profits in the absence of an express local trigger. The BSE Sensex fell 452.4 points, or 0.54%, to close at 83,606, while the NSE Nifty-50 shed 120.7 points, or 0.47%, to end at 25,517. The two indices had risen 2.7% over the past four sessions and posted gains of 3.1% and 2.7%, resp ...Read More >
Stocktwits - Indian equity markets took a breather, snapping a four-day winning streak, with the Nifty index ending above the 25,500 level. The Sensex fell 452 points to close at 83,606, while the Nifty 50 fell 120 points to finish at 25,517. Broader markets outperformed with the Nifty Midcap index gaining for the seventh straight session. The Midcap and Smallcap indices rose by over 0.5%. The retail investor sentiment surrounding the Nifty 50 remained 'bullish' on Stocktwits. Nifty sentimen ...Read More >
NEW DELHI: A number of stocks surged as much as 5% or more in Monday's trade as Dalal Street closed lower for the day. Equity benchmark Sensex ended the session down 452.44 points at 83606.46. The top gainers included RLF Ltd(up 10.00%), Goldstone Tech(up 10.00%), Indef Manufacturing(up 9.99%), K Z Leasing(up 9.99%), Transwarr Fin(up 9.98%), Best Agrolife(up 9.98%), Wallfort Fin(up 9.97%), V B Industries(up 9.95%), Naapbooks Ltd.(up 9.91%) and Signpost India(up 9.77%) which surged over 5% in t ...Read More >
New Delhi, June 30 (SocialNews.XYZ) IndusInd Bank's board is likely to unveil its shortlist for the next chief executive officer (CEO) on Monday, a key development as the lender looks to bounce back from months of disruption triggered by a derivatives trading fiasco and subsequent leadership crisis. The move comes in response to the Reserve Bank of India's (RBI) directive, which asked the bank to submit its CEO recommendations by June 30. According to reports, as that deadline arrives, three n ...Read More >
MUMBAI, June 30 (Reuters) - India's IndusInd Bank (INBK.NS), opens new tab has shortlisted three senior bankers - Rajiv Anand, Rahul Shukla, and Anup Saha - for the position of CEO and submitted their names to the central bank for approval, two sources told Reuters. IndusInd Bank took a $230 million hit in the year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. The Reserve Bank of ...Read More >
MUMBAI: The troubled IndusInd Bank, which has been headless since late April when the scam-tainted chief executive Sumant Kathpalia and his deputy Arun Khurana resigned owning moral responsibility for the massive losses in its forex derivatives trading book, has reportedly shortlisted three names--Rajiv Anand of Axis Bank, Anup Saha of Bajaj Finance, and Rahul Shukla of HDFC Bank--to man the top deck. While Rajiv Anand is currently the deputy managing director of Axis Bank, Anup Saha is the man ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connecti ...Read More >
Mumbai: The board of IndusInd Bank has shortlisted three candidates for the role of managing director and chief executive officer - Rajiv Anand, deputy managing director at Axis Bank; Rahul Shukla, group head of commercial and rural banking at HDFC Bank; and Anup Saha, managing director of Bajaj Finance. With the Reserve Bank of India's June 30 deadline nearing, the board is unlikely to consider more contenders, people aware of the development said. The RBI had asked the board to submit three n ...Read More >
Stocktwits - Indian equity markets ended with gains for the second straight week, driven by improved global sentiment, with the Nifty ending above 25,600. The Sensex rose 303 points to close at 84,058, while the Nifty 50 rose 88 points to finish at 25,637. For the week, the benchmarks have gained 3%. The Bank Nifty hit a fresh record, ending above 57,400 for the first time, led by gains in ICICI Bank (NSE:ICBK) and SBI (NSE:SBI). Broader markets mirrored the optimism. The Nifty Midcap index ro ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contract ...Read More >
Mumbai: Benchmark equity indices surged on Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. Recovering all the early lost ground, the 30-share BSE Sensex jumped 746.95 points, or 0.92 per cent, to settle at 82,18 ...Read More >
Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) on Friday issued a corrigendum to its 28 May order in the alleged insider trading case involving IndusInd Bank, clarifying that the words "board note" should be read as an "engagement note signed by the chief financial officer and noticee numbers one and two." "Noticee numbers one and two" are former deputy chief executive Arun Khurana and former chief executive officer (CEO) Sumant Kathpalia. Also read: RBI governor Malho ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over Stampede Tragedy Near Chinnaswamy Stadium. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM b ...Read More >
MUMBAI: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. Speaking to reporters at the monetary policy press conference, Malhotra said that the bank has taken sufficient steps to improve its accounting practices. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I though ...Read More >
New Delhi, Jun 6 (PTI) Shares of IndusInd Bank on Friday climbed 2.50 per cent after Reserve Bank Governor Sanjay Malhotra said the firm is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The stock advanced 2.50 per cent to settle at Rs 823.20 on the BSE. During the day, it jumped 5.32 per cent to Rs 845.85. At the NSE, shares of the firm climbed 2.44 per cent to Rs 822.85. The RBI also ...Read More >
New Delhi, Jun 6 (PTI) Interest-rate-sensitive stocks were in huge demand on Friday, with the realty index climbing nearly 5 per cent as investors cheered the Reserve Bank's jumbo rate cut of 50 basis points. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-m ...Read More >
New Delhi: The Nifty Bank index hit its all-time high on Friday, rising 1.47 per cent, after the Reserve Bank decided to cut cash reserve ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash ...Read More >
Mumbai, June 6: Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank's jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro en ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
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