Buisiness

India’s stock market turmoil deepened on Tuesday as IndusInd Bank shares nosedived 25%, hitting a 52-week low of ₹674.55 losing approx. 16000 market cap in just 2 hours. This dramatic drop—the steepest since March 2020—came after the bank admitted to accounting discrepancies in its derivatives portfolio, triggering panic among investors and analysts alike.With concerns mounting…

Leave Travel Allowance (LTA) is a tax-saving benefit provided to salaried employees, allowing them to claim exemptions on travel expenses incurred during leave. It helps reduce taxable income under certain conditions and applies to transportation costs for travel within India. However, the exemption is subject to actual expenses and the limits set by tax authorities…

The tech-heavy Nasdaq led sharp losses among major US stock indexes on Monday, dropping over 3% to a near six-month low, on fears that US President Donald Trump’s tariff policies would spark an economic slowdown. The benchmark S& has fallen over 8% from its Feb high.Financial markets have been volatile in recent weeks as rising…

National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities’ delisting process from stock exchanges.It said the failed to demonstrate any illegality in either the process followed for sanctioning the scheme or in the terms of the plan itself.A two-member NCLAT bench said the petitioners did not have requisite shareholding and were…

CHENNAI: Recovery in rural consumption will be faster than the urban areas, said Godrej Consumer Products (GCPL) MD & CEO Sudhir Sitapati.“Rural markets have actually picked up, but they got compensated by a very poor urban performance in Q3 (FY25). Our anticipation is rural recovery will be faster than the urban recovery. There were some…

Multiple brokerages have reduced their ratings and price targets. IndusInd Bank’s shares dropped 20% on Tuesday, reaching a new 52-week low of Rs 720.50. Multiple brokerages have reduced their ratings and price targets following the discovery of accounting irregularities in the bank’s forex derivatives portfolio. On the BSE, IndusInd Bank’s shares plunged 22.8 per cent,…

According to reports, Tesla still trades at huge premiums, as measured by forward price-to-earnings ratios. March 10 was a brutal day for Elon Musk-the world’s wealthiest person . Tesla’s stock took a sharp nosedive, his social media platform X (formerly Twitter) suffered widespread outages due to what he called a “massive cyberattack,” and protests against…

Jim Walker made a strong recommendation for Indian stock markets, urging investors to significantly increase their exposure. Jim Walker, Chief Economist at Aletheia Capital, known for predicting the 2008 financial crisis, has shared four key global forecasts for 2025: a 10% decline in the U.S. dollar value, an economic slowdown that will be difficult but…

NEW DELHI: Government on Monday sought Parliamentary approval for additional spending, including a cash outgo of over Rs 51,000 crore, with large chunks going towards fertiliser subsidy and pension. Over Rs 14,000 crore is proposed to be spent towards higher fertiliser subsidy, according to the second supplementary demand for grants tabled in Parliament.Permission to make…

According to Ajit Mishra at Religare Broking, mixed global cues and underperformance of banking index remain key hurdles. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex sunk over 400 points, Nifty50 was below 22,350. At 9:16 AM, BSE Sensex was trading…