IndusInd Bank shares plunged over 27% on Tuesday, March 11, 202,5 after the bank disclosed “discrepancies” in certain portfolios. These led to an estimated adverse post-tax impact of 2.35% on its net worth as of December 2024. This massive stock erosion has significantly affected mutual fund holdings, resulting in losses amounting to thousands of crores. …
Medical consumables company Poly Medicure Ltd announced on Tuesday (March 11) that it has received Medical Device Regulation (MDR) certification for 54 of its products. The certification signifies compliance with the European Union’s strict safety, quality, and regulatory standards, reinforcing the company’s commitment to high-quality healthcare solutions. Certified Devices Across Multiple Specialties The 54 certified …
Bharti Airtel has announced a strategic partnership with SpaceX, the aerospace giant led by Elon Musk, to introduce Starlink satellite internet services in India. This marks Starlink’s first formal collaboration in the country, significantly boosting Airtel’s presence in the satellite broadband sector, particularly in rural and underserved areas. Regulatory Approvals Still Pending The partnership is …
Private sector lender Tamilnad Mercantile Bank Ltd (TMB) announced on Tuesday, March 11, that it has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for the assessment year 2017-18. In a regulatory filing, the bank stated, “We wish to inform that the …
Power Finance Corporation (PFC) shares gained over 1% on Wednesday as the company’s board is set to decide on a fourth interim dividend for FY25 and a fundraising plan. PFC stock rose 1.1% to ₹404 on the BSE. Board Meeting for Dividend and Fundraising The Maharatna PSU Power Finance Corporation announced that its board will …
Vedanta Ltd, the mining and metals giant, has repaid a ₹7,500 crore ($900 million) high-cost loan, reducing its debt burden by ₹4,600 crore ($550 million). The repayment was funded through a mix of proceeds from its ₹8,300 crore ($1 billion) Qualified Institutional Placement (QIP) in June 2024 and a fresh loan at a lower interest …
Sun Pharmaceutical Industries Limited has been in focus on Wednesday. On March 12, 2025, Sun Pharma share price (NSE: SUNPHARMA) opened at ₹1,662.00, up from its previous close of ₹1,655.30. At 10:14 AM, the share price of Sun Pharma was trading at ₹1,665.50, up by 0.62% on the NSE. Sun Pharma’s Acquisition of Checkpoint Therapeutics …
Housing & Urban Development Corporation Limited (HUDCO) has declared an interim dividend of ₹1.05 per share, with the ex-dividend date set for March 13, 2025, and the record date on March 14, 2025. The announcement was made on Monday, March 10, through an exchange filing. Understanding Record Date and Ex-Date Record Date: This is the …
On March 11, 2025, as of 12:02 PM, the BSE Sensex was down 0.24% at 73,938.17, while the Nifty 50 was down 0.07% at 22,437.25. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng SUNPHARMA 1,616.10 1,660.65 1,605.35 1,657.30 2.84 TRENT 4,739.70 4,925.40 4,722.95 4,924.10 …
Serentica Renewables and Hindustan Zinc have signed a power delivery agreement (PDA), based on a recent stock exchange filing. Under the partnership, Serentica Renewables will increase its clean energy supply to Hindustan Zinc from 450MW to 530MW. Consequently, the share of clean energy in Zinc’s electricity consumption will grow to 70%. Shift to Time Block-Based …
