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News Desk

SEBI Questions IndusInd Bank Over Delay in Disclosing Derivative Lapses

SEBI Questions IndusInd Bank Over Delay in Disclosing Derivative Lapses

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has questioned IndusInd Bank’s management regarding why it did not disclose issues related to derivative instruments back in October 2024, when the bank first started investigating the matter. SEBI is concerned that even now, the bank is unable to determine the exact financial impact, raising doubts about […]

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Nifty IT Slips into Bear Market, Falls 21% from Highs, Erasing Rs 8.4 Lakh Crore in Value

Nifty IT Slips into Bear Market, Falls 21% from Highs, Erasing Rs 8.4 Lakh Crore in Value

/ Indian Market /

The Nifty IT index has entered bear market territory after a sharp decline, falling over 21 percent from its peak. The recent drop of nearly three percent in a single trading session has led to a significant erosion of wealth, wiping out approximately Rs 8.4 lakh crore in market capitalisation. Nine out of the ten

Nifty IT Slips into Bear Market, Falls 21% from Highs, Erasing Rs 8.4 Lakh Crore in Value Read More »

Coromandel International to Acquire 53% Stake in NACL Industries for Rs 820 Crore

Coromandel International to Acquire 53% Stake in NACL Industries for Rs 820 Crore

/ Indian Market /

Shares of Coromandel International will be in focus on March 13 after the fertiliser company announced its plan to acquire a 53 percent stake in NACL Industries Ltd for Rs 820 crore. The transaction, priced at Rs 76.7 per share, involves purchasing shares from the current promoter, KLR Products Limited. NACL Industries is a well-established

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PFC Board Approves Rs 1.4 Lakh Crore Borrowing Plan for FY26, Declares Interim Dividend

PFC Board Approves Rs 1.4 Lakh Crore Borrowing Plan for FY26, Declares Interim Dividend

/ Indian Market /

Power Finance Corporation’s (PFC) board of directors sanctioned a Rs 1,40,000 crore borrowing program for the 2025-26 fiscal year. The step was taken during a March 12, 2025, board meeting as per the company’s regulatory filing. In addition to the plan for borrowing, the board also announced the fourth interim dividend for the financial year

PFC Board Approves Rs 1.4 Lakh Crore Borrowing Plan for FY26, Declares Interim Dividend Read More »

Adani Set to Secure $4.1 Billion Mumbai Housing Redevelopment Project

Adani Set to Secure $4.1 Billion Mumbai Housing Redevelopment Project

/ Indian Market /

Billionaire Gautam Adani’s real estate unit has emerged as the highest bidder for redeveloping one of Mumbai’s largest housing projects, the Motilal Nagar Development Project, at an estimated cost of Rs 36,000 crore ($4.1 billion), according to sources familiar with the matter. Adani Properties Pvt Ltd, which is part of the Adani group, placed the

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TCS to Acquire Darshita Southern India Happy Homes for Rs 2,250 Crore to Set Up Bengaluru Delivery Centre

TCS to Acquire Darshita Southern India Happy Homes for Rs 2,250 Crore to Set Up Bengaluru Delivery Centre

/ Indian Market /

Tata Consultancy Services (TCS) has announced the acquisition of 100 percent equity shares in Darshita Southern India Happy Homes for Rs 2,250 crore, the company stated in a stock exchange filing on March 11. As part of the deal, TCS will acquire the land and building of the real estate firm, which will be transformed

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Jio Partners with SpaceX to Bring Starlink Internet to India

Jio Partners with SpaceX to Bring Starlink Internet to India

/ Indian Market /

Reliance Jio has signed a deal with SpaceX to bring Starlink’s satellite internet services to India, the company announced on March 12. This agreement comes just a day after Bharti Airtel made a similar move in the satellite broadband sector. The partnership is subject to regulatory approval, as SpaceX still needs government authorization to offer

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Ather Energy Plans IPO at $1.2 Billion Valuation to Raise $400 Million

Ather Energy Plans IPO at $1.2 Billion Valuation to Raise $400 Million

/ Indian Market /

Indian electric scooter maker Ather Energy is reportedly considering launching its initial public offering (IPO) in Mumbai at a valuation of around $1.2 billion. The company, backed by Hero MotoCorp, had earlier aimed for a $2 billion valuation, but market conditions have led to a revised target. According to reports, Ather may sell shares by

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Zydus Lifesciences to Acquire French Medtech Firm Amplitude Surgical for Rs 2,447 Crore

Zydus Lifesciences to Acquire French Medtech Firm Amplitude Surgical for Rs 2,447 Crore

/ Indian Market /

Zydus Lifesciences has entered into exclusive negotiations to acquire an 85.6 percent controlling stake in Amplitude Surgical SA, a French medical technology company specializing in lower-limb orthopedic solutions. The deal, valued at €256.8 million (Rs 2,447 crore), will mark Zydus’ entry into the medtech sector, expanding beyond its traditional pharmaceutical business. Under the agreement, Zydus

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Tesla Shares Crash 15% in a Day, Market Cap Drops by $125 Billion Amid Weak Demand and Investor Concerns

Tesla Shares Crash 15% in a Day, Market Cap Drops by $125 Billion Amid Weak Demand and Investor Concerns

/ Global Market​​ /

Elon Musk-led Tesla saw a sharp fall in its share price on March 10, declining by over 15 percent in a single day. This was the company’s worst trading session in more than four years, wiping out $125 billion in market capitalization. The one-day loss in Tesla’s value is higher than the combined market worth

Tesla Shares Crash 15% in a Day, Market Cap Drops by $125 Billion Amid Weak Demand and Investor Concerns Read More »

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