The Indusind bank flagged off accounting discrepancies in its derivative portfolio, which affects 2.35% of its total assets by December 2024. NSDL’s IPO of Rs 3,000 crore is likely to be pushed in May as SEBI has asked for an appendix with a December-Wrinkle financial.
Whereas SEBI’s first board meeting under New Chairperson Tuhin Kanta Pandey will shut down the major regulatory changes in red colored, Sensax and Nifty in the red color drawn by Reliance Industries, L&T and Auto Stock.
Here is the news roundup which is in the headlines today:
IndusInd Accounting Hit
IndusInd Bank flagged off accounting discrepancies at its derivative portfolio, which affects 2.35% of its net value by December 2024. The bank has appointed an external agency for review.
The final report is awaited, and any impact will be reflected in its financial statements. Despite this issue, the bank says its profitability and capital adequacy are strong.
How will it affect IndusInd financials? Reading Full details.
NSDL IPO delay
Sources in NDTV Profit told NDTV profit that NSDL’s IPO of Rs 3,000 crore is likely to be pushed by May as SEBI has asked for an appendix with December-quarter financial financial.
The approval process for the revised draft red hering prospectus can delay the launch of another 30 days. The IPO was initially expected to close by April.
What is further for NSDL’s public listing? Read full Description,
SEBI meets board agenda
Under the new chairman Tuhin Kanta Pandey, the first board meeting of SEBI will discuss major regulatory changes, including Demet accounts and UPI for Freedom Freedom.
Other subjects of the agenda include ESG rating withdrawal, benefits for research analysts and expanding qualified institutional buyers.
What decisions will the markets get? Read full Description,
Markets decrease
Sensex and Nifty were locked in red, drawn by Reliance Industries, L&T, and auto stocks. Realty and oil and gas areas declined the most.
The Nifty 50 fell 92 points to 22,460, while SensX lost 217 points. Infosys and Hul limited the loss.
Catch full market rap Here,
Maharashtra Budget Push
Ajit Pawar announced an investment of Rs 40 lakh crore and a new industrial policy for 50 lakh jobs. Major infra projects include a third Mumbai airport and metro expansion.
Other highlights: CNG and EV Tax Hike, Rs 36,000 crore for Ladki Bahin Scheme, and major road projects such as Mumbai-Chand Motorway Link.
Read full budget details Here,
Apple recruitment in India
Apple has started hiring for more than 20 roles as it prepares to open four more stores in India. Store leader John Taf shared the job opening on LinkedIn, inviting applicants from retail and management background.
The new stores will be in Pune, Bengaluru, Delhi-NCR and Mumbai. Apple first launched its first Indian store in April 2023.
Read more details Here,
Ethanol policy talks
The government will meet the stakeholders of the industry on Tuesday to discuss ethanol combination, pricing and policy clarity. Ministers Pralhad Joshi and Hardip Singh Puri are expected to participate.
The meeting comes when India targets 20% ethanol combination with petrol this year, currently at 19%. Ethanol prices remain unchanged for most categories.
Read full details Here,
Zenzo ambulance network
Zenzo has launched 25,000 ambulances in 450 cities, aimed at providing emergency services in the form of cab aggregators.
CEO Shweta Mangal told NDTV profit that the company provides basic and heart ambulance through a centralized number. Some vehicles are 5 g-equipped, plans to expand this facility.
Read full details Here,
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The government seeks Rs 51,463 crore in the second batch of FY25 supplementary demands
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‘Fear Mongarring’: IT sources clearly clarified that tax officials can scan social media after the report.
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Assam Budget: Extended Tax Holiday for Green Tea Producers; 5,000 grant for tea gardens employees
Read more on trending by NDTV benefits.
