IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management’s assurance failed to arrest the free fall of shares which
Benchmark stock indices Sensex and Nifty closed lower in a volatile session on Monday dragged by selling in industrials and oil & gas shares. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex declined 217.41 points or 0.29 per cent to settle
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its ‘Ratings Watch Negative’ list, the first upgrade by an international ratings agency since the US indictment. Photograph: Dado Ruvic/Reuters Fitch affirmed AESL long-term foreign and local-currency
The underrepresentation of women in the field of artificial intelligence (AI) poses a significant risk of perpetuating the prevailing societal biases into future technologies, according to a top Microsoft executive. Himani Agrawal, chief partner officer, Microsoft India and South Asia,
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude
Indian pharmaceutical companies may have units abroad as part of “distributed manufacturing” across various locations, according to industry veterans. This may come about over the next five to 10 years. There will be more interdependence between research and development (R&D)
Equity benchmark indices Sensex and Nifty surrendered early gains to close almost flat in a highly volatile trade on Friday as uncertainties over the global trade war sapped investor’s risk appetite. Snapping its two-day winning streak, the 30-share BSE Sensex
In a first for a major corporate house, engineering, procurement and construction major Larsen and Toubro on Thursday announced a one-day paid menstrual leave for women employees. Photograph: Shailesh Andrade/Reuters The move will benefit about 5,000 women employees at the
Benchmark stock index Sensex rallied nearly 610 points to reclaim the 74,000 mark while Nifty closed above 22,500 in their second day of gains on Thursday following heavy buying in Reliance Industries on easing crude oil prices. Photograph: Shailesh Andrade/Reuters
The Indian automotive market offers around 1 million units annual volume opportunity at a price above $23,000. Photograph: Kind courtesy, Makara Heng/Pexels Amid increased buzz around Tesla’s entry into the Indian market, analysts feel that the US firm will have
