The firm, valued at $2.8 billion, plans to use issue proceeds to set up physical coaching centres, cover rent, boost technology and marketing, and fund acquisitions.
Since the lapses were disclosed, IndusInd shares have fallen nearly 8% and led to 11 of the 36 analysts covering the stock lowering their rating, per LSEG data.
The jitters in Indian markets are likely ‘short-term’. Experts say this could serve as a key growth opportunity & that India must accelerate FTA talks with major countries, including US.
March has been a good month for equity & currency, backed by FPI inflows & weak dollar. Going forward, tariffs, Chinese markets, oil prices & corporate earnings may have a role to play.
The bank flagged a 2.35% hit to its net worth, around Rs 15-20 billion, as of December 2024 due to an underestimation of hedging costs with regard to some past forex transactions.
International media also reports on the financial revolution brewing among the middle class & the north-south divide over the 2026 delimitation proposal.
One of Madhabi Puri Buch’s last acts as SEBI chairperson was to forcefully advocate the ‘sachetisation’ of mutual funds. It will only expose more Indians to risky investment.
The Nifty 50 index opened at 22,433.40, falling 111.65 points (-0.5 percent), while the BSE Sensex started at 74,201.77, down 410.66 points (-0.55 percent).
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
COMMENTS