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IndusInd Bank shares in focus after clarification on Rs 600 crore EY audit

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IndusInd Bank shares in focus after clarification on Rs 600 crore EY audit

Shares of IndusInd Bank Ltd are in focus on Wednesday morning after the private bank said it is not engaged with accounting firm Ernst & Young (EY) for a forensic audit as reported in a news report earlier. Instead, the lender insisted it is engaged with EY as a part of the process of finalisation of accounts by the bank’s Internal Audit Department (IAD). The private lender admitted it is conducting a review of the bank’s MFI business to examine “certain concerns” that have been brought to the bank’s attention.

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Havells India rallies 10% in 1 month; Nomura, Nuvama see scope for another 10% surge

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The Havells India share is down a whopping 3% in an otherwise positive market. In fact, most analysts believe there is some amount of profit booking in the stock after the recent run-up in the share price. The share price of Havells India has rallied 13% in the past 30 days. Good news for investors- key brokerages like Nomura and Nuvama indicate that the stock promises big returns over the next 12 months

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ITC to acquire Sresta Natural Bioproducts for Rs 472.5 crore [18 April 2025]

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ITC to acquire Sresta Natural Bioproducts for Rs 472.5 crore [18 April 2025]

In a stock exchange filing, ITC said it had signed a share purchase agreement on Thursday to acquire 100% of the share capital of SNBPL, which manufactures products under the ‘24 Mantra Organic’ brand. SNBPL is a pioneer in the domestic organic foods space providing fully integrated ‘Farm to Fork’ traceability and is a leading player in the organic packaged staples category.

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