Indian Market

RBI Review Finds Derivatives Issue Limited to IndusInd Bank, Not a Sector-Wide Concern

RBI Review Finds Derivatives Issue Limited to IndusInd Bank, Not a Sector-Wide Concern

/ Indian Market /

A recent Reserve Bank of India (RBI) review of banks’ derivatives positions has found that the accounting issue is specific to IndusInd Bank and not an industry-wide problem, according to sources quoted by Moneycontrol on March 19. While the banking regulator did not find discrepancies in most banks, some private sector lenders have been asked […]

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Zydus Lifesciences Shares Rise After USFDA Approval for Cancer Drug

Zydus Lifesciences Shares Rise After USFDA Approval for Cancer Drug

/ Indian Market /

Zydus Lifesciences’ share price extended its gains for the third consecutive session on March 19, rising over 1% after the company received final approval from the US Food and Drug Administration (USFDA) for Apalutamide Tablets, 60 mg. At 9:20 AM, Zydus Lifesciences was trading at ₹916.05, up ₹12.95 or 1.43% on the BSE. The company

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Indonesian Stock Market Sees Biggest Fall Since 2011 Amid Growth Concerns

Indonesian Stock Market Sees Biggest Fall Since 2011 Amid Growth Concerns

/ Indian Market /

On March 18, Indonesia’s stock market witnessed its biggest single-day drop in over a decade, triggering a temporary trading halt for the first time since the pandemic. The Jakarta Composite Index (JCI) plunged as much as 7.1%, its steepest intraday decline since September 2011, as concerns over the country’s economic slowdown and weak consumer spending

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Paytm Money Gets SEBI Approval for Research Services; Shares Rise 3%

Paytm Money Gets SEBI Approval for Research Services; Shares Rise 3%

/ Indian Market /

On March 18, Paytm announced that its investment platform Paytm Money has received approval from the Securities and Exchange Board of India (SEBI) to offer research services. With this approval, One97 Communications, the parent company of Paytm, can now provide SEBI-compliant research services, including investment insights, research reports, and data-driven analysis. Following the announcement, Paytm’s

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Hindustan Unilever Shares in Focus After CCI Approves Acquisition of Minimalist’s Parent Company

Hindustan Unilever Shares in Focus After CCI Approves Acquisition of Minimalist’s Parent Company

/ Indian Market /

Hindustan Unilever Limited (HUL) shares were in focus during the trading session on March 18, following the Competition Commission of India (CCI) approving its 90.5% stake acquisition in Uprising Science Pvt Ltd, the parent company of Minimalist. The deal is valued at ₹2,670 crore and aims to expand HUL’s Beauty & Wellbeing portfolio. HUL’s stock

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Bajaj Finserv to Acquire Allianz’s 26% Stake in Insurance Joint Ventures for ₹24,000 Crore

Bajaj Finserv to Acquire Allianz’s 26% Stake in Insurance Joint Ventures for ₹24,000 Crore

/ Indian Market /

Bajaj Finserv has signed an agreement with Allianz SE to acquire the 26% stake held by the German insurer in Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz Life Insurance (BALIC) for ₹24,180 crore ($2.83 billion). This deal will make Bajaj Finserv the sole owner of both companies, increasing its stake from 74% to 100%,

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India’s Net Direct Tax Collection Rises 13% to ₹21.27 Lakh Crore in FY25, STT Revenue Jumps 55%

India’s Net Direct Tax Collection Rises 13% to ₹21.27 Lakh Crore in FY25, STT Revenue Jumps 55%

/ Indian Market /

India’s net direct tax collection for the ongoing fiscal year (FY25) has increased by 13.1%, reaching ₹21.27 lakh crore as of March 16, 2025, according to data released by the Central Board of Direct Taxes (CBDT). The rise in tax revenue highlights strong corporate earnings and increased investor participation in the stock market. The net

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India’s Trade Deficit Shrinks in February, but US Tariff Risks Remain a Concern

India’s Trade Deficit Shrinks in February, but US Tariff Risks Remain a Concern

/ Indian Market /

India’s trade deficit saw a sharp reduction in February, narrowing to $14.05 billion from $22.9 billion in January. This decline was mainly due to a drop in imports, as the government continues its efforts to boost exports amid global trade challenges. The country’s merchandise exports in February stood at $36.91 billion, slightly higher than $36.43

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IndusInd Bank Shares Rise 3% as RBI Confirms Strong Financial Position

IndusInd Bank Shares Rise 3% as RBI Confirms Strong Financial Position

/ Indian Market /

Shares of IndusInd Bank jumped over 3% on March 17 after the Reserve Bank of India (RBI) issued a statement confirming that the bank remains “well-capitalized” and in a “satisfactory financial position.” This announcement helped ease investor concerns about the bank’s financial health. As per RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46%

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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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