TECHNOPACK POLYMERS LTD Q4 RESULTS
NSE puts IndusInd Bank under additional surveillance after derivatives discrepancies
Private lender IndusInd Bank's stock has been put under short term Additional Surveillance Measure (ASM) - Stage 1 by the NSE. The decision was taken on March 13 following a nearly 30% fall after accounting discrepancies were reported by the bank.
US macro data has not deteriorated, but market falling in anticipation of a decline: Anurag Singh
Anurag Singh from Ansid Capital notes that while US companies are exceeding Q4 expectations, their cautious guidance for upcoming quarters is causing market corrections. Although inflation worries are easing, recessionary fears persist due to deteriorating macro data like GDP growth and employment. The market awaits clarity on potential Fed actions amid economic uncertainty.
NTPC Green shares in focus after full commercial operation of 105 MW Shajapur solar project
NTPC Green Energy shares will be in focus after its subsidiary, NTPC Renewable Energy, commissioned the final 50 MW of its 105 MW Shajapur Solar Project. The stock has declined 24% YTD and 32% in three months. Q3FY25 profit surged 52.3% YoY, while technical indicators signal weak momentum as it trades below key moving averages.
Generative AI rivals racing to the future
Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology. The Tesla tycoon bought Twitter in late 2022.
Q-Commerce to employ 5-5.5 lakh people by next year: Report
India's Quick-Commerce sector is growing quickly and is expected to reach USD 5 billion, creating jobs for over 5-5.5 lakh people by next year. The sector currently employs around 3.25 lakh delivery and warehouse employees. Companies must focus on workforce training, structured retention strategies, and use AI-driven workforce management to ensure long-term growth.
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Commodity Talk: What crude oil's 3-year low means to traders? Axis Securities analyst decodes
crude oil prices: Crude oil prices are expected to stabilize between ?5,300-?6,000 on MCX amid oversupply concerns and weak demand. Investors should adopt strict risk management and buy dips, while swing traders may sell on rises. Geopolitical tensions and economic growth could impact prices.
Vedanta cuts debt by $550 million, saves $90 million in interest costs
Vedanta has repaid a high-cost $900 million loan, reducing net debt by $550 million and saving $90 million annually in interest. The repayment was funded by a $1 billion QIP and a new $350 million facility at a lower rate. Vedanta's net debt-to-EBITDA ratio has significantly improved, with further debt reductions by its parent company.
India’s retail inflation eases to a seven-month low of 3.61% in Feb, thanks to cooling food prices
India's retail inflation dropped to 3.61% in February, led by lower food prices, marking a seven-month low. The Reserve Bank of India expects further moderation in inflation in fiscal year 2025-26, with projections highlighting a steady decline across the year. Global uncertainties continue to pose economic risks.
Ola Electric completes implementing its Network Transformation and Opex Reduction Program, reduces inventory and delivery time
Ola Electric announced the successful implementation of its Network Transformation and Opex Reduction Program, leading to a cost reduction of Rs 90 crores per month. The company's vehicle inventory days and delivery time substantially decreased. Ola also addressed customer complaints, claiming to have resolved 99.1% of issues filed with CCPA, yet faced criticism from comedian Kunal Kamra.
Not the first or last correction: Fund Manager Mohit Khanna on how to tweak your portfolio
The last three quarters saw weak earnings, with single-digit growth in revenue and PAT. Q4 may also face challenges due to a high base from last year. However, quarter-on-quarter earnings should show some improvement.
IndusInd Bank shares rebound, gain 6% a day after derivatives shock
IndusInd Bank share price: The review followed the Reserve Bank of India's (RBI) guidelines on lenders' derivative portfolios, which were issued in September 2023. It examined the bank's "Other Asset and Other Liability" accounts and found discrepancies in the account balances.
Sensex falls! But these stocks are up over 15% on BSE
In the Nifty50 index, 20 stocks were trading in the green, while 30 stocks were in the red.
In a first, Snapchat parent's India revenue crosses Rs 100 crore
Snap Camera India, part of Snapchat's US-based parent company Snap Inc, has crossed the 100-crore revenue mark for the first time since its launch in India. The company's revenue rose by 28% to 101 crore in FY24. Snapchat is one of the fastest-growing social media platforms in India, with over 200 million users.
IndusInd Bank to see profit in Q4 even after derivatives losses: MD & CEO Sumant Kathpalia
IndusInd Bank CEO Sumant Kathpalia assured profitability in Q4FY25 despite derivative losses. He confirmed the bank's Capital Adequacy Ratio will stay above 15% and stated losses will be absorbed through P&L. The stock fell 26% following accounting discrepancies.
IndusInd Bank shares crash 28% as lender faces Rs 2K crore net worth hit from derivatives discrepancies
IndusInd Bank share price plunged after an internal review estimated a 2.35% adverse impact on its net worth by December 2024 due to discrepancies in account balances. The bank’s profitability and capital adequacy are still healthy to absorb this one-time impact.
Pope Francis participates in Vatican's spiritual retreat. When will Head of State of Vatican City resume operation?
Pope Francis is recovering from a chronic lung disease, according to reports. The 88-year-old pope isn’t out of the woods yet.
LIC's holding value in IndusInd Bank falls by Rs 894 crore as stock falls 26%
Life Insurance Corporation’s (LIC) holding in IndusInd Bank lost ?894 crore in value after the bank’s stock fell 26% amid concerns over forex derivatives discrepancies. Following the disclosure, brokerages downgraded the stock, citing governance and earnings risks.
Zomato shares drop below Rs 200 after 12% slide in four consecutive sessions
Zomato shares fell below Rs 200 for the first time since June 2024, marking a 5% drop and a 27% decline this year. The stock has lost 34% from its 52-week high. Weak market sentiment, disappointing quarterly results, and a change in its parent company's name to "Eternal Ltd" have put pressure on Zomato's stock.
Explained: Why Rs 1,577 crore discrepancy made Rs 15,000 crore hole in IndusInd Bank market value
IndusInd Bank stated that the accounting discrepancies will negatively affect its net worth by 2.35% as of December 2024. The post-tax impact is estimated at Rs 1,577 crore, based on preliminary findings, and will be reflected in the bank's earnings for the fourth quarter.
ETMarkets Smart Talk: Patience Pays! Despite over 10% market correction, SIPs remain a powerful tool to create wealth
We see the ripple effects of this slowdown impacting corporate earnings. This slowdown we believe is cyclical in nature and there are already some initial signs of a rebound.
Realtors unlock sops, freebies to bring back homebuyers
Developers are reintroducing incentives such as '1% payment now' and fully furnished homes to stimulate housing sales. The trend reflects a shift in market dynamics post-pandemic as affordability concerns and rising costs slow down buyer enthusiasm, particularly in the mid-to-premium and luxury segments.
IndusInd Bank sees net worth impacted by 2.35% after derivatives portfolio review
IndusInd Bank's internal review has found discrepancies in its derivative portfolio, potentially impacting the bank's net worth by 2.35% by December 2024. This follows RBI's 2023 directions on derivatives. Although an external agency will verify findings, IndusInd Bank assures strong profitability to absorb the impact. Shares fell by 3.71% after the report.
Understanding Hitachi Energy’s investment outlook in India: A conversation with N Venu, Managing Director & CEO, India and South Asia, Hitachi Energy
Hitachi Energy is significantly investing INR 2,000 crore in India's energy transition by enhancing capacity and integrating digital solutions. The company is focused on supporting grid modernization, renewable energy, and advancing sustainable electrification, aligned with India’s growing energy needs and goals.
Hexaware Technologies shares slide 7% after Q4 earnings, macro concerns
Hexaware Technologies fell 6.9% after posting muted Q4 sequential growth and flagging macro headwinds. While net profit rose 66.3% YoY, constant currency revenue growth was just 0.2%. The company expects a ramp-up in mid-2025 despite economic uncertainties.
Jefferies removes India's Siemens from Asia ex-Japan portfolio, gets greedy for Chinese BYD, Tencent, CATL
Jefferies has removed India's Siemens from its Asia ex-Japan long-only equity portfolio to increase China’s weighting by 2%. The move follows Siemens' 22% underperformance over six months, with India and Korea’s weightings reduced by 1% each.
ADRE Result 2025 Announced: Here's how to check Assam Grade 3 and Grade 4 results
ADRE Result: The Assam Direct Recruitment Exam results for Grade 3 and Grade 4 posts have been announced today. Candidates can check their results on the official websites slrcg3.sebaonline.org and assam.gov.in. The recruitment aims to fill 12,600 vacancies. The SLRC has also released category-wise and post-wise cut-off marks. Over 13 lakh candidates appeared for the exams.
InCred Equities sees strong buying opportunity in Nifty, sets 12-month target at 27,000
Nifty and Sensex rebounded over 1%, ending a 10-day losing streak. InCred Equities forecasts a 21% upside, citing strong technical support and bullish indicators for a long-term rally starting June 2025.
Target’s strong Q4 profit: Target warns about consumer spending decline and tariff pressures—Is the US economy at risk?
Target Q4 Earnings 2025 exceeded expectations despite economic hurdles. The company reported $1.1 billion in net income, with EPS at $2.41, surpassing forecasts. However, revenue declined by 3.1% to $30.9 billion due to shifting consumer behavior and rising tariff concerns. Comparable sales grew by 1.5%, driven by strong demand in beauty and apparel. Target’s stock surged 5%, though it remains down 10.7% YTD. With inventory reduced by 12%, the company aims to strengthen its market position in fiscal 2025. Investors are watching how pricing strategies and cost optimization will shape Target’s future performance.
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