The impact was seen across key financial metrics. The Net Interest Margin halved to 2.25%, while Return on Assets and Equity turned negative. IndusInd Bank’s key financial metrics have gone off-kilter after its provisions and contingencies shot up 165 per cent year-on-year in the fourth quarter (Q4FY25) amid serious accounting discrepancies. Even as India’s fifth … Read more
Borana Weaves’ ₹144.89-crore IPO received a strong response on day two of bidding, getting subscribed 29.46 times overall. The initial public offer of Borana Weaves, producer of high quality microfilament woven fabrics, got subscribed 29.46 times on the day two of bidding on Wednesday. The Rs 144.89-crore initial share sale received bids for 10,87,07,430 shares … Read more
Equity benchmark indices traded in positive territory amid global cues. Sensex traded 269.58 pts or 0.33 per cent positive at 81,456.02 as at 12.48 pm (however, down from day’s high of 82,021.64), and Nifty 50 rose 88.90 pts or 0.36 per cent to 24,772.80. Moody’s Ratings emphasised that India is well-positioned to deal with the negative … Read more
Domestic markets are expected to remain under pressure, amid risk-off trade by foreign portfolio investors. Gift Nifty at 24,800 indicates a flat opening. Japanese bond sell-off has elevated borrowing costs, contributing to global market uncertainty and dampening risk appetite, said analysts. With the results season coming to end, the focus now shifts to macroeconomic activity … Read more
Rajsekhar Datta Roy, CTO, Sonata Software Sonata Software has launched AgentBridge, a next-generation platform designed to transform how enterprises deploy and manage AI-powered workflows. The platform centralises the creation, deployment, and governance of intelligent agents, addressing the growing need for secure, scalable, and compliant AI automation across business functions. “AgentBridge directly addresses the industry’s growing … Read more
The growth was driven by the company’s re-entry into the Andhra Pradesh market and the resilient performance of its key trademarks Diageo India (United Spirits Ltd), a subsidiary of the British liquor giant Diageo reported a 17 per cent year-on-year increase in its standalone profit after tax (PAT) to ₹451 crore for the fourth quarter … Read more
Analysts expect a phase of consolidation within 24,400–25,200 as global uncertainties, profit booking, and weakening technicals keep investors cautious in the near term. | Photo Credit: iStockphoto Equity benchmarks tumbled over 1 per cent on Tuesday, with the BSE Sensex plunging 872.98 points or 1.06 per cent to close at 81,186.44 and the NSE Nifty … Read more
The National Capital Territory (NCT) of Delhi recorded a peak power demand of 7,265 megawatt (MW) on Monday, which is a record high for the current month. As per sources in the State Load Dispatch Centre (SLDC), Delhi’s peak power demand clocked 7,265 MW at 3:29 pm on Monday, which is the highest ever till … Read more
Reliance Power has signed a long-term power purchase agreement (PPA) with Green Digital to jointly develop a 500 megawatt (MW) solar power plant in Bhutan. Green Digital is owned by Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan. The two companies will jointly develop Bhutan’s largest solar power project … Read more
DLF ended FY25 with a net cash surplus of ₹5,302 crore and improved its net cash position to ₹6,848 crore. | Photo Credit: The country’s largest realtor, DLF, reported a net profit of ₹1,268 crore, up 37 per cent y-o-y, for the quarter ending March 31, 2025. Revenue (consolidated) for the period stood at ₹3,348 … Read more