
Coffee Day stock zooms 20% as NCLAT terminates resolution proceedings
NCLAT, Chennai, on September 13, 2023, passed an order terminating CIRP proceedings against CDGL and set aside NCLT order
NCLAT, Chennai, on September 13, 2023, passed an order terminating CIRP proceedings against CDGL and set aside NCLT order
IDBI Trusteeship has filed an application of "default" against the company before NCLT over alleged default of ₹228 cr
IndusInd Bank reported 32% YoY rise in net profit in Q1 FY24, driven by strong net interest income (NII) and dip in provisions.
IndusInd Bank's gross NPAs were 1.94% of gross advances as of Q1 FY24, and net NPAs accounted for 0.58% of net advances; deposits up 15% YoY
Hinduja group firm IndusInd International Holdings will also use capital to fund its proposed acquisition of Reliance Capital.
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.
IndusInd Bank has an average target of ₹1,344.47 from 18 brokers, an upside potential of over 19% from the current market price.
The growth in net profit was led by higher net interest income.
ZEE and IndusInd Bank have mutually entered into the settlement agreement under which all disputes and claims have been settled between the parties.
The stock had fallen 15% in the last six sessions after the NCLT last week allowed initiation of insolvency proceedings against the Essel Group company.