Lower loss due to derivatives portfolio discrepancies ‘positive’ for IndusInd Bank in near term, says Macquarie

Impact of the discrepancies amount to ₹15.2 billion, or 2.27% of the bank’s net worth as of Q3FY25 | Photo Credit: REUTERS The lower amount of financial hit that IndusInd Bank will take on its balance sheet due to discrepancies found in its derivatives book, as assessed by an external auditor, is seen as incrementally…

AP Govt calls for tenders worth ₹4,668 cr for new secretariat in Amaravati

Vijayawada, Andhra Pradesh, 15-04-2025: Workers remove mud manually and using excavators, which is still there even after pumping water using motors, at the construction site of Iconic secretariat towers (at tower 4) in Amaravati capital region on Tuesday. Photo Giri KVS/ The Hindu | Photo Credit: KVS GIRI Andhra Pradesh Capital Region Development Authority (CRDA)…

Zaggle gets third-party app provider approval from NPCI

Users will be able to access UPI payments integrated with Zaggle’s multi-wallet prepaid cards, including meal and fuel cards, enabling quick, on-the-go transactions | Photo Credit: Getty Images Zaggle Prepaid Ocean Services Ltd, a spend management company, has has secured a Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI). The…

Why Physicswallah, Vishal Mega mart, Swiggy chose confidential filing of IPO documents

The market regulator enabled confidential filing of IPO mechanism in December 2022 | Photo Credit: lakshmiprasad S PhysicsWallah, an online education platform, has chosen a confidential pre-filing approach for its initial public offering. Tata Capital, the financial services division of Tata Group, is said to be preparing to submit a draft red herring prospectus for…

BSE Sensex trades flat as banking stocks surge, IT & Auto face selling pressure

Despite early gains being trimmed due to profit-booking, cautious optimism persisted, supported by favorable inflation data and monsoon forecasts. | Photo Credit: Equity benchmarks traded nearly flat by midday on Wednesday with mixed performance across sectors, as banking stocks outperformed while auto and IT shares faced selling pressure. The BSESensex traded at 76,730.33, marginally down…