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An external agency has reported discrepancies in IndusInd Bank s derivatives portfolio estimating a negative impact of Rs 1,979 crore as of June 30, 2024. It has also projected a 2.27% post-tax reduction in its net worth for December 2024 due to these irregularities.

Sebi’s interim order reveals Gensol promoter Anmol Singh Jaggi diverted Rs 97 crore—sourced from company loans and funds—towards buying a luxury apartment in DLF s The Camellias via layered transactions through a car dealer and linked entities.

Sebi has put Gensol Engineering s 1:10 stock split on hold, citing financial irregularities and misuse of EV loan funds by promoters, including diversion for personal luxuries like real estate.

Antique Stock Broking on Tuesday settled with Sebi in a case pertaining to the suspected front-running of trades by paying Rs 29.25 lakh towards settlement charges.

ICICI Lombard s net profit witnessed a slight dip of 2% to ₹510 crore in the fourth quarter ending March 31, compared to ₹520 crore in the previous year. Despite this, the company s total income increased to ₹5,851 crore from ₹5,165 crore year-on-year. Gross direct premium income also saw a rise, reaching ₹6,211 crore.

The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty s gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.

The brokerage cut its Gross Domestic Product (GDP) growth estimates by 40 basis points to 6.1% and expects a slower recovery of 6.3% in FY27, against its earlier forecast of 6.5%.

The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.

Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.