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Indusind Bank Scam Concerns IndusInd Bank faces scrutiny after a Rs 1,959.98 crore derivatives discrepancy and micro-finance issues, leading to the resignations of Deputy CEO Arun Khurana and CEO Sumant Kathpalia in April 2025. The bank’s Q4 FY25 saw a 5.2% drop in advances and flat deposits. A new leadership team is crucial to restore…
Gold Legal Tender in Utah Utah’s new law lets vendors accept gold and silver as legal tender, expanding 2011 reforms. The state can pay vendors in metals through a tax-free digital system using real-time market prices. Unlike a gold standard’s fixed rates, this relies on fluctuating values, and taxes still require dollars. While some see…
Why Did IndusInd Bank CEO Sumant Kathpalia Resign? IndusInd Bank CEO Sumant Kathpalia resigned on April 29, 2025, taking moral responsibility for discrepancies in the bank’s derivatives portfolio. The resignation, effective at the close of business hours, follows the exit of Deputy CEO Arun Khurana a day earlier. Kathpalia acknowledged acts of commission and omission…
Zensar Tech Share Price Target: Cautious Outlook Amid Growth Zensar Tech’s share price rose 3.88% to Rs 749 on April 29, 2025, with a market cap of Rs 16,375 crore. The company reported a strong FY25 with 5.1% revenue growth in constant currency and a record $775 million in order inflows, up 11% YoY. Q4…
What Changes with Ather Energy IPO for Hero Motocorp? The Ather Energy IPO, currently open as of April 29, 2025, will see Hero Motocorp relinquish its special rights. Hero, holding a 37.2% stake, currently enjoys privileges like board observer rights and access to sensitive information. However, SEBI regulations mandate these rights terminate post-listing to ensure…
The Ministries of Environment and Power have directed the CPCB to evaluate the relevance of FGD (Flue Gas Desulfurisation) systems in Indian coal-fired thermal power plants. This follows a joint meeting where studies by IIT Delhi, CSIR-NEERI, and the National Institute of Advanced Studies, Bengaluru, recommended against FGD installation. The reports cite low sulphur content…
The Bajaj Housing Finance results for Q4 FY25 highlight a strong performance, with AUM growing 24-26% YoY, maintaining its medium-term guidance. Asset quality remained stable, with reduced Stage 2 and 3 ratios across home loans and LAP, though credit costs rose to 20-25 bps. Net interest margins compressed due to competition, but a diversified borrowing…
Why Did Tejas Networks Share Price Crash 15%? The Tejas Networks share price dropped over 15% after reporting a net loss of ₹71.8 crore in Q4 FY25, compared to a ₹146.8 crore profit in Q4 FY24. Shares fell as much as 15.55% to ₹726.10 on the BSE, later trading 10.46% lower at ₹769.95 by 9:45…
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Maruti Suzuki Result: Exports Soar, Margins Dip! The Maruti Suzuki result for Q4 FY25 reveals a 6.4% YoY increase in net sales, reaching a record high, driven by a 3.5% rise in volumes to 604,635 units and a 2.7% increase in realisation. Exports grew by 8.1% YoY, while domestic sales rose 2.8%, supported by strong…