Indian Bank’s total business rises 5.1% to ₹13.25 lakh crore in Q4 update
Shares of Indian Bank Ltd ended at ₹545.95, down by ₹3.30, or 0.60%, on the BSE.
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L&T forms new subsidiary to tap growing green hydrogen, ammonia market
L&T has set up L&T Green Energy Kandla Private Limited to tap into the growing green hydrogen and ammonia market. The wholly-owned subsidiary has an initial capital of ₹1 lakh.
US Market Crash: Nasdaq takes 32 sessions to fall into bear market led by Nvidia, Tesla
Despite this fall, the index is currently valued at 30 times price-to-earnings, down from the peak of 38 times, but still above the two-decade average of 25 times, according to Bloomberg data.
SEBI issues operational framework for performance validation agency
To begin with, SEBI announced that verification services will be launched on a two-month pilot basis to test the system. During this period, feedback from stakeholders will be gathered to improve the process, according to a circular.
US stock market faces ‘waterfall decline’ risk as trade war escalates on Trump tariffs: Jefferies
Jefferies’ Christopher Wood warns of a looming ‘waterfall decline’ in US markets as initial calm turns to a $2.5 trillion selloff. Rising tariffs and lack of economic leadership under Trump 2.0 stoke investor fears.
Tata Steel challenges income tax reassessment on ₹25,185 crore debt waiver
The dispute arises from a ₹25,185.51 crore debt waiver linked to its acquisition of Bhushan Steel (now Tata Steel BSL Limited) through its subsidiary Bamnipal Steel Limited under the Insolvency and Bankruptcy Code (IBC).
ITC invests ₹131 crore in Ample Foods, expanding frozen food footprint
The investment, comprising both primary subscription and secondary purchases of AFPL’s equity shares, aligns with ITC’s strategy to build a future-ready portfolio. ITC anticipates significant growth in the Indian frozen, chilled, and ready-to-cook foods market, which is currently estimated at…
IndusInd Bank Q4 Update: Loan growth of only 1.4% from last year, falls sequentially
Ahead of the update, shares of IndusInd Bank closed at ₹682.25 on the BSE, down 3.83%.
SEBI introduces standardised format for system and network audit reports of MIIs
Under this, SEBI will assign unique IDs to each observation in a bid to simplify the tracking of both current and historical audit issues.
Yes Bank faces two senior level exits; portfolio reshuffle likely
These leadership exits coincide with a broader internal restructuring at Yes Bank aimed at enhancing operational efficiency and reducing costs. In June 2024, the bank laid off approximately 500 employees across various departments, including wholesale, retail, and branch banking segments.