NDTV Profit Pulse On March 10—Top 8 Stories At 8 P.M. Under 8 Minutes

IndusInd Bank flagged accounting discrepancies in its derivatives portfolio, impacting 2.35% of its net worth as of December 2024. NSDL’s Rs 3,000-crore IPO is likely to be pushed to May as SEBI has asked for an addendum with December-quarter financials.

While SEBI’s first board meeting under new Chairperson Tuhin Kanta Pandey will discuss key regulatory changes, Sensex and Nifty closed in the red, dragged by Reliance Industries, L&T, and auto stocks on Monday.

Here's the roundup of news that made headlines today:

IndusInd Bank flagged accounting discrepancies in its derivatives portfolio, impacting 2.35% of its net worth as of December 2024. The bank has appointed an external agency for review.

The final report is awaited, and any impact will be reflected in its financial statements. Despite the issue, the bank says its profitability and capital adequacy remain strong.

How will this affect IndusInd’s financials? Read the full details.

NSDL’s Rs 3,000-crore IPO is likely to be pushed to May as SEBI has asked for an addendum with December-quarter financials, sources told NDTV Profit.

The approval process for the revised draft red herring prospectus could delay the launch by another 30 days. The IPO was initially expected to close by April.

What’s next for NSDL’s public listing? Read the full details.

SEBI’s first board meeting under new Chairperson Tuhin Kanta Pandey will discuss key regulatory changes, including UPI-like protections for demat accounts and clearing corporation independence.

Other topics on the agenda include ESG rating withdrawals, benefits for research analysts, and expanding qualified institutional buyers.

What decisions will shape the markets? Read the full details.

Sensex and Nifty closed in the red, dragged by Reliance Industries, L&T, and auto stocks. Realty and oil & gas sectors declined the most.

The Nifty 50 fell 92 points to 22,460, while the Sensex lost 217 points to 74,115. Infosys and HUL limited the losses.

Catch the full market wrap here.

Ajit Pawar announced a new industrial policy aiming for Rs 40 lakh crore investments and 50 lakh jobs. Major infra projects include a third Mumbai airport and metro expansions.

Other highlights: CNG and EV tax hikes, Rs 36,000 crore for the Ladki Bahin scheme, and key road projects like the Mumbai-Pune Motorway link.

Read the full budget details here.

Apple has begun hiring for over 20 roles as it prepares to open four more stores in India. Store Leader John Taaffe shared job openings on LinkedIn, inviting applicants from retail and management backgrounds.

The new stores will be in Pune, Bengaluru, Delhi-NCR, and Mumbai. Apple previously launched its first Indian stores in April 2023.

Read more details here.

The government will meet industry stakeholders on Tuesday to discuss ethanol blending, pricing, and policy clarity. Ministers Pralhad Joshi and Hardeep Singh Puri are expected to attend.

The meeting comes as India targets 20% ethanol blending with petrol this year, currently at 19%. Ethanol prices remain unchanged for most categories.

Read the full details here.

Zenzo has launched 25,000 ambulances across 450 cities, aiming to provide emergency services as quickly as cab aggregators.

CEO Shweta Mangal told NDTV Profit that the company offers basic and cardiac ambulances via a centralised number. Some vehicles are 5G-equipped, with plans to expand this feature.

Read the full details here.

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