1 / 9 IndusInd Bank | The bank reports that an external audit has found a ₹1,979 crore reduction in the bank’s net worth due to derivative discrepancies. This equals 2.27% of the bank’s net worth as of 2024. The
Investment word of the day: Employee stock ownership plans or employee stock option plans (ESOPs) are incentives beyond salaries, and the allotment of shares gives employees a sense of ownership in the company. The incentive aims to promote employee retention
Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Wednesday following buying in blue-chip banking stocks and fresh foreign fund inflows as retail inflation slipping to near six-year lows raised hopes of further rate cuts.
Wholesale price inflation declined to a 6-month low of 2.05 per cent in March as prices of vegetables, potato and other food items eased, government data showed on Tuesday. Photograph: Amit Dave/Reuters Wholesale price index (WPI) based inflation was 2.38
India’s exports turned positive after four months recording a marginal 0.7 per cent increase to $41.97 billion in March, while the trade deficit widened to $21.54 billion, the government data showed on Tuesday. Photograph: Wolfgang Rattay/Reuters Imports increased by 11.3
Retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to decline in prices of vegetables, eggs and protein-rich items, raising hope for a third rate cut by the RBI as it remains below
Consumer electrical goods maker Havells India Limited on Monday (April 14) said it has approved a ₹600 crore strategic minority investment in Goldi Solar Private Limited as part of its broader push into the renewable energy sector. The investment will
Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès International SCA’s valuation reached €243.65
Benchmark equity indices Sensex and Nifty surged over 2 per cent on Tuesday, tracking a rally in global markets after US President Donald Trump relaxed some of the tariffs on electronics products and hinted at duty revision for automobiles. Photograph:
In the hottest sector of AI, where most global VC funding is going currently, the country’s record has not been anything to write home about. IMAGE: Union Commerce and Industry Minister Piyush Goyal at Startup Mahakumbh, April 6, 2025. Photograph:
