Page 15 - Indusind Bank

IndusInd Bank launches 'virtual commercial card' for cross-border payments

In partnership with Visa and Juspay, the virtual card has additional layers of security that give users complete control over their international expenses, thus making it safe and hassle-free

Coffee Day up 20%, hits upper circuit limit after settlement with creditor

Shares of Coffee Day Enterprises Ltd jumped 20 per cent on Wednesday after Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. The stock rallied 19.77 per cent to settle at Rs 51.26 apiece on the BSE. During the day, it jumped 20 per cent to Rs 51.36 -- its upper circuit limit. On the NSE, it zoomed 20 per cent to Rs 51.30 per piece -- its upper circuit. In volume terms, 31.18 lakh shares of the company were traded on the BSE and over 2 crore shares on the NSE during the day. Counsel representing CDGL and IndusInd bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations. A two-member bench comprising Justice M Venugopal and Shreesha Merla took their submissions on record and set aside the order ...

Coffee Day Global settles with creditor; NCLAT sets aside insolvency order

On July 20, the Bengaluru bench of NCLT had directed the initiation of insolvency proceedings against CDGL

IndusInd Bank: Adopt a bear spread strategy for the August expiry

Short build up seen in Indusind bank Futures on Thursday, with a 2 per cent addition in Open Interest (Prov) and price falling 1.21 per cent: HDFC Securities

CCD's parent firm Coffee Day Global admitted for insolvency by NCLT

Based on a petition filed by IndusInd Bank, the NCLT passed an oral order on Thursday to admit the unlisted company for corporate insolvency

IndusInd Bank surges 4% to highest level since Jan 2020 on healthy Q1 nos

The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months

Stocks to watch: L&T Tech, Paytm, Rallis India, Piramal Pharma, NMDC

Stocks to watch on July 19, 2023: From Paytm to Piramal Pharma, here are the top stocks to watch in Wednesday's trading session

IndusInd Bank Q1 results: Net profit rises 32.5% to Rs 2,124 crore

Net interest income (NII) grew by 18 per cent YoY to Rs 4,867 crore

Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

IndusInd Bank Q1FY24 results: Net profit up 30%, gross bad loans at 1.94%

The net NPAs fell to 0.58 per cent from 0.67 per cent during the period

Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC

Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday's trading session

Make hay while the sun shines

It's time for the government, the majority owner of public-sector banks, to reap the benefit of the rally in bank stocks

IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank

Referring to Reliance Capital's acquisition, IIHL said the administrator of the company had issued the duly signed letter of intent

IndusInd holding co to raise $1.5 bn to fund RCap buy, increase stake

Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, on Monday announced a USD 1.5-billion capital raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender. The board of the Mauritius-registered IIHL also decided to increase its holding in the fourth-largest private sector lender to 26 per cent from the present 15 per cent, a statement issued from Port Louis said. It can be noted that on June 29, the lenders to the crippled Reliance Capital accepted the revised Rs 9,661 crore bid by IndusInd Bank. IIHL had made the highest cash offer of Rs 9,661 crore in the auctions and secured as much as 99 per cent of the lenders' votes. The bid also includes the Rs 500-crore cash balance with RCap going to the lenders, taking the overall recovery to Rs 10,200 crore or about 65 per cent of Rs 16,000 crore principal secured debt the crippled company owed to lenders. "The decision to raise UDS 1.5 billion opens ...

IIHL approves capital raising of up to $1.5 bn for strategic objectives

IIHL is likely to be listed by 2024 which would give trading options to its shareholders who have been with the company for over three decades

IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal

The tribunal has asked both parties to pay the cost of the interim resolution professional for the period the case was under the resolution process

Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL

Stocks to Watch on June 26, 2023: The Hinduja Group is in talks to invest Rs 10,000 crore to hike its stake in IndusInd Bank, as per media reports

IndusInd Bank, Wise to offer low-cost and online inward remittance services

Shares of IndusInd Bank, on Friday, rose over 1 per cent at Rs 1,314.45 on BSE

IndusInd Bank stock hits 52-week high, yet valuations inexpensive

Business outlook healthy; majority of analysts positive on the stock

As Nifty Pvt Bank index sets new peak; Here's how to trade banking stocks

Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.