IndusInd Bank has found itself in trouble due to an “accounting discrepancy” in its forex hedging strategy, which has caused its stock to drop by 27% on March 11, 2025. While this issue does not pose an immediate risk to depositors, it raises concerns among investors about the bank’s financial management. The NRI Deposit Strategy: …
Tata Motors Ltd., a prominent manufacturer of both domestic and commercial vehicles, announced that it has decided to convene a board meeting on Wednesday, March 19, to discuss a proposal to raise to ₹2,000 crore. The funds will be raised through the issuance of rated, listed, unsecured, redeemable, Non-Convertible Debentures (NCDs) on a private placement …
IIFL Finance, a diversified non-banking financial company (NBFC) in India engaged in loans and mortgages, along with its subsidiaries, has announced plans to raise up to ₹700 crore through secured, listed, rated, redeemable non-convertible debentures (NCDs) via private placement. Fundraising Details The company disclosed in an exchange filing that the Finance Committee of the Board …
Indian markets are expected to be impacted today. At 7:25 AM, GIFT Nifty futures were up by 171 points at 22,589.50. In the previous session, the Sensex dropped by 200.85 points (0.27%) to 73,828.91, while the Nifty50 fell by 73.30 points (0.33%) to 22,397.20. Here are the key stocks to watch today on March 17, …
Coforge Ltd has established itself as a formidable player in the Indian IT sector, delivering outstanding returns to investors and outpacing many of its industry peers. Over the past 5 years, the company has nearly quadrupled investor wealth, demonstrating a robust transformation. While the broader IT sector has flourished amid the digitalisation boom post-COVID-19, Coforge …
Zydus Lifesciences Ltd announced on Wednesday, March 12, that its venture capital arm, Zynext Ventures USA LLC, has invested in Illexcor Therapeutics, a biopharmaceutical company focused on developing next-generation oral therapies for sickle cell disease (SCD). The investment is part of Zynext Ventures’ strategy to support breakthrough healthcare innovations addressing significant unmet medical needs. Advancing …
Precision engineering firm Azad Engineering has inaugurated an exclusive lean manufacturing facility dedicated to Mitsubishi Heavy Industries (MHI) at Tunikibollaram, Hyderabad. The state-of-the-art facility, spanning 7,200 square meters, follows Azad’s ₹700 crore long-term contract and price agreement with MHI, signed in November 2024. Facility to Manufacture Critical Gas Turbine Components The new facility is set …
RailTel Corporation of India Limited, a Navratna PSU, has announced its 2nd Interim Dividend for the financial year 2024-25 following its board meeting on March 12, 2025. Dividend Announcement and Record Date The Board of Directors of RailTel has declared an interim dividend of 10% of the paid-up share capital, translating to ₹1 per share. …
On March 13, 2025, BSE Sensex closed 0.27% lower at 73,828.91, while Nifty50 fell 0.33% to 22,387.20. Amidst the market volatility, stocks like Refex Industries, Gensol Engineering, and Godfrey Phillips India hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Upper Circuit on March 13, 2025 Symbol LTP …
With the expiration of Boehringer Ingelheim’s patent for Empagliflozin on March 1, several domestic pharmaceutical companies have launched affordable versions of the popular diabetes medication in India. Leading the charge are Mankind Pharma, Alkem Laboratories, and Glenmark Pharmaceuticals, offering their generic versions at significantly reduced prices. Price Reduction Brings Affordable Treatment to Millions Mankind Pharma has …
