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IndusInd Bank s audit for the year ended March 2025 revealed significant accounting discrepancies amounting to Rs 2,600 crore. These irregularities, potentially involving senior executives, include incorrect accounting of derivative trades, inflated income from microfinance, and unsubstantiated entries. The bank has written off notional profits and reversed incorrectly booked interest and fee income.

Integrated technology solutions provider Redington Ltd on Tuesday reported a standalone profit of Rs 209.45 crore for the January-March 2025 quarter, the company said. The city-headquartered firm had registered a profit of Rs 160.57 crore during the corresponding quarter of the previous financial year.

Indian markets fell for the third straight day on Tuesday, dragged by bank and auto stocks. Analysts warn of a deeper correction if Nifty stays below 24,700, possibly retesting 24,300 levels amid bearish RSI divergence.

Five Nifty200 companies—PB Fintech, BSE, NALCO, Dixon Technologies, and Suzlon Energy—posted over 100% YoY EBITDA growth in Q4FY25, reflecting strong demand, improved margins, and efficient operations, indicating positive sentiment for investors and overall business health.

InsuranceDekho and RenewBuy have merged through a share swap. The deal values the combined entity at ₹7,400 crore. Ankit Agrawal of InsuranceDekho will likely become the CEO. RenewBuy s investors will receive shares in InsuranceDekho. The merged company will be among India s top three insurance distributors. Their combined premium book will be ₹6,000 crore. The deal awaits regulatory approvals.

Star Health Insurance aims for substantial premium growth, targeting ₹30,000 crore in three years while improving profitability by lowering the combined ratio to 97%. The company is prioritizing its retail business and limiting group insurance exposure, focusing on SMEs. To manage medical inflation, Star Health is negotiating with hospitals and implementing premium adjustments, rewarding healthy policyholders with discounts.

Fitch Ratings anticipates slow loan growth for banks in fiscal years 25 and 26. This follows two years of strong growth. Banks are expected to prioritize secured retail loans. Housing and vehicle loans will likely increase. Unsecured loans may decrease due to regulations. Declining interest rates could affect bank profitability. Reserve Bank of India s liquidity measures might offer some relief.

Since the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related stocks.

While we are still going to end up with sizable tariffs on imports this year compared to the start of the year, it is important to look at where we were just five weeks ago. At that point, with tariffs at 145% on one side and 125% on the other, we were essentially facing a virtual embargo on trade between the two largest economies in the world.

Indian benchmarks experienced a decline of over 1% on Tuesday, driven by uncertainty regarding near-term market prospects and profit-booking after a recent rally. Ebbing foreign inflows and a surge in Covid-19 cases across India and Asia further contributed to the cautious market sentiment. Traders are also adding short positions, suggesting limited upside potential in the near future.