IndusInd Bank has received an external audit report identifying discrepancies in its derivative transactions. The report, submitted on April 15, 2025, estimated a negative impact of ₹1,979 crore as of June 30, 2024. This translates to 3.1% of the bank’s net worth at that point, which stood at ₹63,815 crore. As of 9:25 am on …
The Competition Commission of India (CCI) has approved the merger of Quality Care India Ltd. (QCIL) into Aster DM Healthcare Ltd. The transaction is structured as a scheme of amalgamation. Once the merger is completed, the combined entity will be renamed Aster DM Quality Care Ltd. As of 9:31 am on April 16, 2025, Aster …
On April 15, 2025, the capital market regulator, the Securities and Exchange Board of India (SEBI) has taken serious action on GensolEngineering. SEBI Order Against Gensol Engineering Following allegations of fund misappropriation and misleading disclosures, the market regulator on Tuesday issued an interim order against Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The …
Tata Steel Nederland’s transformation strategy is under pressure as a key Dutch union demands clearer details about planned job cuts and operational changes. The company recently announced a restructuring plan that includes eliminating around 1,600 roles, mainly in management and support. This move aims to streamline operations, improve efficiency, and reduce costs amid tightening EU …
Shares of major hospital chains like Narayana Hrudayalaya, HealthCare Global Enterprises (HCG), and Yatharth Hospitals gained strongly on Wednesday, driven by a positive outlook for the healthcare sector. These stocks have risen between 7% and 16% in the last 3 days, showing strong investor interest. Stocks Hit New Highs as Market Sees Strong Momentum Narayana …
NHPC Limited has declared commercial operation of Unit 4 (200 MW) of the Parbati-II Hydroelectric Project in Himachal Pradesh. The unit became operational on April 16, 2025. With this, all 4 units, each of 200 MW capacity, are now commercially operational. Units 1, 2, and 3 had already begun operations on April 1, 2025. As …
Blue Dart Express Limited announced the expansion of its network by adding Guwahati as a direct flying location. This strategic decision was driven by Blue Dart’s vision to empower Northeast India, a region that plays a pivotal role in the country’s economic growth. With Guwahati being a key business hub for industries such as …
ICICI Prudential Life Insurance Company Ltd has announced its financial results for the quarter and full year ended March 31, 2025, showcasing growth across key metrics. The company reported a 39.6% year-on-year increase in Profit After Tax (PAT), which rose to ₹1,189 crore in FY2025. The Value of New Business (VNB) stood at ₹2,370 …
IREDA share advanced on April 16, 2025, following the Indian Renewable Energy Development Agency’s (IREDA) strong Q4 FY25 results. The company reported a net profit of ₹501.55 crore for the quarter ending March 31, 2025, marking a 49% increase compared to ₹337.39 crore in Q4 FY24. Revenue from operations rose nearly 37% year-on-year to ₹1,905.06 …
On April 16, 2025, Hindustan Oil Exploration shares rose ~5%, reaching a day high of ₹178.45, after opening at ₹172.80. The gain in Hindustan Oil Exploration shares came after the company announced that it has been awarded a contract area under the special discovered small fields bid round 2024. Details of Newly Awarded Contract The designated block — …
