Shares of troubled private lender IndusInd Bank Ltd rallied on the bourses on Tuesday, August 5, after the Reserve Bank of India approved the appointment of Rajiv Anand as the new managing director and CEO.The three-year appointment will run until August 24, 2028, pending shareholder approval at the bank's upcoming general meeting.At 9.25 a.m., shares of the bank were quoting Rs 842.2, higher by 4...

Shares of private lender IndusInd Bank gained as much as 2 percent to Rs 819 after it reported better-than-expected results for the first quarter. The lender reported a 68 percent decline in standalone net profit at Rs 684 crore, hurt by a decline in loans and a rise in provisions for potential bad loans. On a consolidated basis, net profit fell 72 percent year-over-year to Rs 604 crore.The lender...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Results TodayLarsen & Toubro, NTPC, Asian Paints, Amber Enterprises India, Bank of India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, GMR Airports, Happies...

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IndusInd Bank shares were the top Nifty loser on July 2 after global brokerage Goldman Sachs cut its rating on the private bank stock to 'sell' and slashed target price by up to 15% from the current levels.At 9:46 am on July 2, IndusInd Bank shares were trading 3% lower at Rs 852 apiece. The market capitalisation of the stock is Rs 66,300 crore.Goldman Sachs stated that IndusInd Bank now appears t...