-
1 week ago | 
livemint.com | Nikita Prasad |Shayan Ghosh
IndusInd Bank flags 2.27% net worth hit from ₹1,979-crore worth lapse in derivates portfolio post external probeMumbai: IndusInd Bank Ltd on Tuesday said that the external agency tasked to study the lender’s derivatives debacle has estimated the negative impact at ₹1,979 crore as on 30 June, 2024. This would amount to 3.1% of the bank's net worth of ₹63,815 crore as on that date.
-
1 month ago | 
htsyndication.com | Nikita Prasad
New Delhi, March 23 -- The Indian stock market staged a strong rebound fueled by improving investor sentiment, improving foreign flows, and positive global cues. Bulls were back in action with renewed buying interest across counters, setting calls for further uptrend before the closing of the financial year 2024-25. Next, investors will monitor some key market triggers in the last week of the current fiscal (FY25).
-
1 month ago | 
livemint.com | Nikita Prasad
The Indian stock market staged a strong rebound fueled by improving investor sentiment, improving foreign flows, and positive global cues. Bulls were back in action with renewed buying interest across counters, setting calls for further uptrend before the closing of the financial year 2024-25. Next, investors will monitor some key market triggers in the last week of the current fiscal (FY25).
-
1 month ago | 
livemint.com | Nikita Prasad
Story Url has been added to your clipboard
-
1 month ago | 
livemint.com | Nikita Prasad
US Fed to reduce monthly redemption cap on Treasury securities to $5 billion: How will this impact investors? The Federal Reserve said on Wednesday that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government’s borrowing limit, a shift that will likely hold for the remainder of the process.
-
1 month ago | 
livemint.com | Nikita Prasad
Stock to watch: IndusInd Bank shares to be in focus on Monday; Here's whyShares of IndusInd Bank have tumbled 33 per cent in March and 29 per cent year-to-date (YTD). IndusInd is India's fifth-largest private lender. On March 10, it disclosed that its derivatives portfolio was overvalued by around 2.35 per cent - after non-compliant internal trades. It noted discrepancies in its derivatives portfolio, which could result in a one-time loss of ₹2,000 crore in the March quarter.
-
1 month ago | 
livemint.com | Nikita Prasad
ITC Hotels share price zooms 11% to hit 52-week high on buoyant volume, stock up 20% in oneITC Hotels Share Price: With favourable demand-supply scenario, ITC’s hotel business is expected to perform well in the coming years backed by asset-light growth strategy. Based on revenue and EBIDTA growth assumption, we derived a potential price target of Rs195 for ITC Hotels, providing an upside of 15-30% depending on the expected listing price of Rs150-170.
-
1 month ago | 
livemint.com | Nikita Prasad
Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle at $72.16 a barrel. U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $68.28. On a weekly basis, Brent rose 2.1% and WTI about 1.6%, their biggest gains since the first week of the year.
-
1 month ago | 
htsyndication.com | Nikita Prasad
New Delhi, March 22 -- Benchmark stock indices Sensex and Nifty surged nearly 1 per cent on Friday, marking their fifth day of rise on the back of fresh foreign fund inflows and gains in bank stocks. The 30-share BSE Sensex jumped 557.45 points or 0.73 per cent to settle at 76,905.51. During the day, it surged 693.88 points or 0.90 per cent to 77,041.94. The NSE Nifty climbed 159.75 points or 0.69 per cent to 23,350.40.
-
1 month ago | 
livemint.com | Nikita Prasad
IndusInd Bank refutes 'factually incorrect' media reports claiming CEO, deputy to exit after accounting lapsesThe Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses as soon as replacements are found and the central bank has approved them, according to four sources familiar with the conversations.
