Nearly 90 firms file draft papers for IPOs in 1st five months of 2025

IANS | May 22, 2025 7:55 PM

New Delhi, May 22 (IANS) Despite ongoing global market volatility, nearly 90 companies have submitted draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) between January and May 2025, signalling continued interest in going public.

Hinduja goes into damage-control mode as fraud rocks IndusInd Bank

IANS | May 22, 2025 3:33 PM

New Delhi, May 22 (IANS) Ashok P. Hinduja, Chairman, IndusInd International Holdings Limited (IIHL) which is the promoter of IndusInd Bank, went into damage-control mode on Thursday following the announcement of the fraud in the bank that has plunged the lender into a Rs 2, 236 crore loss for the January-March quarter.

Emami Realty’s Q4 loss widens over 4-fold, revenue plunges 76 pc

IANS | May 22, 2025 3:08 PM

Mumbai, May 22 (IANS) Real estate firm Emami Realty Limited on Thursday reported a sharp fall in its financial performance for the March quarter (Q4 FY25), as its consolidated net loss widened more than four times to Rs 79.68 crore, compared to a loss of Rs 19.47 crore in the previous quarter (Q3 FY25).

India increasingly positioned to function as a 'connector country': RBI

IANS | May 22, 2025 2:55 PM

New Delhi, May 22 (IANS) In the midst of global trade realignments and industrial policy shifts, India is increasingly positioned to function as a "connector country" that can become a key intermediary in sectors such as technology, digital services, and pharmaceuticals, according to the Reserve Bank of India (RBI).