IndusInd Bank has been hit by a major whistleblower disclosure, with a former top executive alleging treasury-related irregularities running into Rs 2,600 crore over more than a decade. The episode began with a letter dated August 26, addressed to the Prime Minister’s Office, by Gobind Jain, the bank’s former Chief Financial Officer. In his communication,…
The Nifty index could see some notable changes come September 2025, according to research from Zee Business. As part of the regular review process, certain stocks are expected to be added while others might be dropped to keep the index in tune with market trends. Indigo is at the forefront of possible inclusions, with a…
Indian stock markets swung between gains and losses on Wednesday as investors reacted to the Reserve Bank of India’s decision to keep interest rates unchanged. The cautious tone from policymakers weighed on rate-sensitive pockets, with realty, auto, and consumer stocks pulling the indices lower through the session. The Monetary Policy Committee (MPC) kept the repo…
Capital market regulator SEBI has cracked the whip on five top executives in connection with suspected insider trading in the IndusInd Bank stock. According to an ex parte interim order issued by the market watchdog, the individuals used undisclosed price sensitive information to offload certain quantities of the lender’s stock to illegally avoid imminent losses worth an…