Private sector lender IndusInd Bank has announced that its board has resolved to engage an independent professional firm to thoroughly examine irregularities detected within its derivatives portfolio. In a regulatory filing, the bank stated, “At

Indian benchmark indices, the Sensex and Nifty 50, extended their winning streak for a fifth straight session on Friday, March 21, buoyed by strong gains in financial stocks. The Sensex surged by 600 points (0.80%), while the Nifty 50 also climbed

Manappuram Finance witnessed a notable surge in its stock price, climbing nearly 3% on March 21 after disclosing a significant investment deal with Bain Capital. The shares were trading at ₹224.31 apiece during morning hours, reflecting investor co

India’s domestic equity markets are poised to attract inflows ranging from $1.4 billion to $1.6 billion following the market close on March 21. This comes as 14 companies are being inducted into the FTSE All-World Index during its latest rebalancin

The UTI Income Plus Arbitrage Active Fund of Fund is an open-ended mutual fund scheme that aims to generate long-term capital appreciation by investing in units of debt-oriented and arbitrage mutual fund schemes. The scheme is launched by UTI Mutual

India’s market regulator is expected to deliberate and potentially approve a proposal to raise the disclosure threshold for foreign portfolio investors (FPIs) from the current ₹25,000 crore to ₹50,000 crore, according to a source familiar with

The market regulator has suggested revising the guidelines governing Employee Stock Option Plans (ESOPs) to ensure that company founders can still benefit from their ESOPs, even if they are classified as promoters when the company prepares to go publ

The Securities and Exchange Board of India (SEBI) has proposed amendments to ease the norms governing the Offer for Sale (OFS) mechanism. The OFS process allows promoters to sell their holdings in a company through a public issue, facilitating better

Indian Renewable Energy Development Agency (IREDA), a state-owned renewable energy financier, has launched its first-ever perpetual bond to raise ₹1,247 crore. This move initially led to a slight increase in its stock price on March 20; however, th

BMW Industries witnessed a sharp rise of almost 9% in its share price during intra-day trading on Thursday, March 20, following the company’s announcement of a substantial capital expenditure (capex) plan worth ₹800 crore. The multibagger stock,

The Indian rupee surged to nearly a two-month high on Thursday, buoyed by foreign banks selling dollars and the unwinding of bearish bets, supported by seasonal inflows. The currency touched an intraday peak of 86.2075, its highest level since Jan

The stock prices of major cable and wire manufacturers, including KEI Industries, Polycab, and Havells, saw a sharp decline on March 20 following the Adani Group’s announcement of its entry into the sector through a newly formed joint venture, Pran