IndusInd Bank announced on Tuesday that its Managing Director and CEO Sumant Kathpalia has resigned from his post in connections with the derivatives accounting lapse that has eroded the private sector bank's net worth.
Category: BUSINESS
Sensex closes in green during volatile trade, Nifty ends at 24,336
Sensex opened on a positive note of almost 180 points at 80,396 and surged to an intra-day high of 80,661. However, the index quickly erased its gains, dipping into the negative zone and reaching a low of 80,122, which was 539 points down from its highest point of the day.
Indian stock market rebounds with strong gains, Sensex jumps 1,006 points
The Indian stock market bounced back strongly on Monday despite geo-political tensions, with the benchmark indices ending the day on a robust note.
India-Pakistan tensions: History shows Sensex bounced back stronger after every conflict
Even as tensions between India and Pakistan rise once again following the barbaric Pahalgam terror attack, Indian stock markets have showcased resilience every time the two neighbouring nations went into conflict.
Indian stock market opens higher, Sensex above 80,000
The Indian equity benchmark indices opened higher on Friday amid positive global cues, as buying was seen in the IT, pharma and auto sectors in the early trade.
Adani’s cement major ACC clocks highest-ever annual PAT at Rs 2,402 crore in FY25
Leading cement and building materials company ACC Limited on Thursday reported highest-ever annual profit after tax (PAT) at Rs 2,402 crore in FY25, up by 3 per cent.
Sensex, Nifty extend winning streak for sixth day, rise nearly 8 pc in 6 sessions
The Indian stock market continued its upward journey for the sixth straight trading session on Tuesday, supported by gains in fast-moving consumer goods (FMCG) and private banking stocks.
Gold touches Rs 1 lakh per 10 grams for 1st time
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose sharply from Rs 96,670 to Rs 1,00,000 per 10 grams -- a jump of Rs 3,300 within 24 hours.
Indian stock market opens higher, Sensex above 79,500
The domestic benchmark indices opened marginally up on Tuesday amid positive global cues, as buying was seen in the auto, PSU bank and financial services sectors in the early trade.
India’s forex, money markets have doubled in last 4 years: RBI Governor
Addressing the 24th FIMMDA-PDAI annual conference in Bali this weekend, Malhotra said the levels of transparency in Indian markets are at par with the best in the world.
Sensex surges over 1,500 points, Nifty Bank at near all-time high
Indian stock markets ended sharply higher on Thursday, extending their winning run for the fourth straight session as strong buying in banking shares helped the domestic indices clocked a robust performance.
Sensex rises for 3rd day; Nifty near 23,450 as banks lead rally
The Indian stock markets on Wednesday continued their upward journey for the third straight trading session, with strong buying seen in financial stocks, especially private banks and some oil and gas shares.
Indian stock markets wrap up week on strong note as tariff fears ease
The Indian stock markets wrapped up the week on a strong note, gaining nearly 2 per cent, as the US decision to defer tariffs for all countries except China eased recession concerns, boosting sentiment and lifting fears of a global slowdown, experts said on Saturday.
Centre sets up Global Tariff and Trade Helpdesk to assist exporters, importers
The Centre has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist the country’s exporters and importers in navigating emerging trade issues due to the hike in tariffs announced by the US.
India's forex reserves surge to $676.3 billion
India's foreign exchange reserves surged by $10.8 billion to $676.3 billion during the week ended April 4, according to data released by the Reserve Bank of India on Friday.
Sensex jumps over 1,300 points after Trump pauses tariffs till July 9
The Sensex witnessed a sharp rally of more than 1,300 points on Thursday after US President Donald Trump announced a 90-day pause on trade tariffs for most countries, including India.
US major BlackRock largest investor in Adani Group’s $750 million bond issue
US-based leading asset manager BlackRock is the largest investor in $750 million private bond issuance by the Indian behemoth Adani Group, informed sources said on Thursday.
NPCI to decide on person-to-merchant payments cap on UPI transactions: RBI
In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said on Wednesday.
RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth
RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.
Sensex, Nifty see strong relief rally ahead of key RBI MPC decision
The Indian stock markets staged a robust relief rally on Tuesday, snapping a three-day losing streak ahead of the Reserve Bank of India's (RBI) monetary policy decision on April 9.
Sensex, Nifty tank over 3 pc as global trade war fear rises
In a bloodbath on the Dalal Street, the stock markets plunged on Monday morning following the global sell-off, as the trade war fear increased amid impending US reciprocal tariffs.
Startup funding jumps 2.3 times to $357 million this week
India’s startup ecosystem witnessed a strong funding rebound this week, with total investments soaring over 2.3 times to around $357.29 million across 30 deals, compared to $152.49 million raised by 23 startups last week.
India steps up vigil against cheap Chinese imports amid US tariff hike
India has stepped up vigil to prevent the dumping of cheap Chinese imports in the country after the steep US tariff hike on the goods exported by the Communist country.
Rupee strengthens against dollar amid Trump's reciprocal tariffs
The Indian rupee witnessed sharp gains on Friday at below 85 against dollar, as the dollar index and oil prices dropped sharply amid concerns over recession in the US economy after the reciprocal tariffs were announced.
Sensex, Nifty open lower amid weak global cues post Trump tariffs
Indian frontline indices opened in the red on Friday following global sell-off in the equity markets in reaction to the reciprocal tariffs announced by US President Donald Trump.