Indian Market

Gensol Engineering Faces EoW Probe After PFC Files Complaint Over Fake Documents

Gensol Engineering Faces EoW Probe After PFC Files Complaint Over Fake Documents

/ Indian Market /

Gensol Engineering Ltd has come under investigation after Power Finance Corporation Ltd (PFC) filed a complaint with the Economic Offences Wing (EoW) of Delhi Police. PFC, a government-owned NBFC, alleged that Gensol submitted false documents related to loan servicing. In a statement released on April 22, PFC said it is committed to protecting its interests […]

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Donald Trump Signals Softer Approach on China Tariffs, Hints at Lower Rates Than 145%

Donald Trump Signals Softer Approach on China Tariffs, Hints at Lower Rates Than 145%

/ Indian Market /

In a positive move, US President Donald Trump said he will be “very nice” towards China in upcoming trade talks. Speaking in Washington, Trump assured that tariffs on Chinese goods would not be as high as 145%, as previously imposed during the peak of the trade tensions. Trump mentioned that China would have no option

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IndusInd Bank Shares Drop 6% Amid Second Audit into ₹600 Crore Interest Discrepancy

/ Indian Market /

Shares of IndusInd Bank fell 6% to ₹776 on April 22 after reports emerged that the bank has appointed Ernst & Young (EY) to conduct a second forensic audit. The new investigation will examine a ₹600 crore discrepancy in accrued interest income related to its microfinance portfolio. This development comes alongside an ongoing audit by

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HG Infra Shares Gain 5% After Qualifying for Gujarat Battery Storage Project

HG Infra Shares Gain 5% After Qualifying for Gujarat Battery Storage Project

/ Indian Market /

Shares of HG Infra Engineering rose 5% to ₹1,197 on April 22 after the company was named a qualified bidder by Gujarat Urja Vikas Nigam for a major battery storage project. The project involves setting up a Standalone Battery Energy Storage System (BESS) with a capacity of either 300 MW or 600 MWh, under Phase-VI

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Muthoot Finance Jumps Over 4% After Declaring ₹26 Interim Dividend for FY25

Muthoot Finance Jumps Over 4% After Declaring ₹26 Interim Dividend for FY25

/ Indian Market /

Shares of Muthoot Finance Ltd rose over 4% on April 21 following the company’s announcement of an interim dividend of ₹26 per share for the financial year 2024-25. The company’s board also proposed increasing the firm’s borrowing limit to ₹2 lakh crore and approved the appointment of George Joseph as an independent director. On the

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IT Stocks Climb Up to 6% as Infosys Q4 Results Lift Market Mood

/ Indian Market /

IT stocks witnessed strong gains on Monday following upbeat guidance from Infosys’ Q4 results, which boosted overall sentiment in the technology sector. Shares of companies like Mphasis, Tech Mahindra, Coforge, and HCL Technologies saw significant upward movement. The Nifty IT index surged over 3%, making it one of the top-performing sectoral indices of the day

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YES Bank Q4 Results: Net Profit Jumps 63% to Rs 738 Crore, Asset Quality Improves

YES Bank Q4 Results: Net Profit Jumps 63% to Rs 738 Crore, Asset Quality Improves

/ Indian Market /

YES Bank posted a strong 63.7 percent year-on-year growth in net profit to Rs 738.12 crore for the fourth quarter ending March 31, 2025. In the same quarter last year, the bank had reported a profit of Rs 451.9 crore. The rise in profit was helped by better interest income, lower provisions, and improvement in

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India Sets Target of Rs 50,000 Crore Defence Exports by 2030, Says Rajnath Singh

India Sets Target of Rs 50,000 Crore Defence Exports by 2030, Says Rajnath Singh

/ Indian Market /

fIndia has set a big goal to increase its defence exports to Rs 50,000 crore by 2029-30, Defence Minister Rajnath Singh announced on Friday. Speaking to industry leaders, Singh said that India’s defence exports have already seen strong growth, rising from just Rs 600 crore in 2014 to Rs 24,000 crore today. The Defence Minister

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Gold Prices Hit Fresh Record High as Global Trade War Fears Boost Safe-Haven Demand

Gold Prices Hit Fresh Record High as Global Trade War Fears Boost Safe-Haven Demand

/ Indian Market /

Gold prices touched another all-time high as global trade tensions and comments from US Federal Reserve Chief Jerome Powell increased demand for safe-haven assets. On Thursday, gold rose as much as 0.4 percent to reach $3,357.78 per ounce before giving up some gains. This strong move followed a sharp 3.5 percent jump in gold prices

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MCX Gold Crosses Rs 95,000 for First Time as Weak Dollar and Tariff Worries Push Prices Up

MCX Gold Crosses Rs 95,000 for First Time as Weak Dollar and Tariff Worries Push Prices Up

/ Indian Market /

Gold prices in India made a new record on April 16, with MCX gold crossing the Rs 95,000 mark for the first time ever. The price touched Rs 95,066 per 10 grams before settling at Rs 95,000 around 1:04 pm, which was 1.66 percent higher for the day. This big rise in gold prices is

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