Derivative accounting issues may not be limited to IndusInd Bank, says Abizer Diwanji
While this issue has raised fresh concerns, transparency and better financial controls can help banks maintain investor trust in the long run.
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Volatile markets force Ather Energy to slash IPO size by 30%
Electric two-wheeler maker Ather Energy, has filed an updated draft red herring prospectus (DRHP) and is now looking to raise around ₹3,700-4,000 crore at a pre-money valuation of approximately ₹11,000 crore. This is a significant drop from its earlier target…
Weekly Wrap: Market weakens as IT stocks drag down Nifty, broader indices struggle
The Nifty ended Thursday’s session below the 22,400 mark, slipping 73 points to close at 22,397, while the Sensex shed 247 points, ending at 73,829.
IIFL Finance board approves ₹700 crore fundraise via NCDs
IIFL Finance has approved raising up to ₹700 crore through non-convertible debentures (NCDs) on a private placement basis, with provisions for additional interest on delayed payments, the company announced.
Rupee surges 27 paise to settle at 87 against US dollar
At the interbank foreign exchange, the rupee opened at 87.13 and hit the intraday high of 86.94 against the greenback. The unit touched the day’s low of 87.15 before ending the session.
Shakti Pumps acquires 113 acres of land in Madhya Pradesh for solar cell, PV module plant
Shares of Shakti Pumps (India) Limited ended at ₹908.80, up by ₹7.80, or 0.87%, on the BSE.
Alkem Laboratories’ Bioequivalence Center clears US FDA inspection without observations
Shares of Alkem Laboratories Ltd ended at ₹4,686.80, down by ₹63.55, or 1.34%, on the BSE.
Blackstone fund to invest ₹1,800 crore in Kolte-Patil; its first bet on residential real estate
Additionally, Blackstone has announced an open offer to acquire a 26% stake in the Pune-based real estate firm.
HDFC Life says it resolved data theft issue, improved security protocols
HDFC Life said it has implemented enhanced security protocols to further strengthen its IT infrastructure and ensure the protection of customer data.
Infosys valuations fall below peers TCS, HCLTech post recent share price fall
At its peak in December 2021, Infosys commanded a forward price-to-earnings (P/E) multiple of 32.1x, which has since declined 32% to its current level of 21.9x.