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).
Global media also reports on Shein relaunching in India 5 years after it was banned by Delhi. The relaunch is taking place under a deal with Reliance Retail.
The ISA should champion a Global Solar Asset Registry for standardised project information, and establish a Solar Credit Guarantee mechanism to mitigate political and currency risks.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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