A day after IndusInd Bank revealed that it is suspecting fraud in accounting irregularities and flagged involvement of senior employees, Ashok Hinduja, Chairman of IndusInd International, has come out in strong support of the current leadership and the board. In a statement following the bank’s Q4 FY25 results, Hinduja said he has “unequivocal trust” in … Read more
Mumbai: Reliance Capital‘s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore – pegged as the threshold bid amount – to participate in the auction for the company, said people aware of the development. The Piramal-Cosmea combine, the Group, Torrent Investment and Oaktree Capital are expected to take part in … Read more
Gautam Adani surged to the top spot in the IIFL Wealth-Hurun India Rich List of 2022, surpassing Mukesh Ambani with his wealth more than doubling in the past year. Sun Pharma’s Dilip Shanghvi and Uday Kotak re-entered the list this year, replacing Kumar Mangalam Birla of Aditya Birla Group and Jay Chaudhary of Zscaler, according … Read more
In a fresh salvo to the ongoing simmering tension between the minority shareholders of Hinduja Global Solutions (HGS), the listed technology company of the family and the promoters over the technology companies decision to buy Nxt Global, a loss making sister company, also listed, the former have reached out to the stock exchange regulator to … Read more
ET takes a look at some of the top stock recommendations by analysts. These stocks are expected to return between 11% and 26% as per analysts’ price targets. Brokerage: Price Target: Rs 290 CMP: Rs 231.4 | Upside: 25.3% The brokerage has raised its price target on the stock to Rs 290 from Rs 275, … Read more