News Overview

The tax row is connected to a ₹25,185.51 crore waiver of debt that was part of Tata Steel's purchase of Bhushan Steel, which is now named Tata Steel BSL Limited.

Indian Bank's operating margin also increased, rising to 26.52% in Q4 from 25.45% in the same period last year.

The future Bandra-Versova Sea Link (BVSL) will increase connectivity with Bandra and South Mumbai, further increasing the real estate value of the locality.

Being an Electronics Manufacturing Services (EMS) company, PG Electroplast is seeing strong demand for air conditioners prior to the summer season

This move is a strategic expansion of TVSM's electric two-wheeler presence in Southeast Asia, where two-wheeler demand remains high.

The tax department had questioned Mphasis's payments to its overseas subsidiaries and group enterprises, claiming that the company did not deduct tax at source (TDS) on the transactions.

Total global advances also grew 12.88% YoY to ₹12.3 lakh crore vs ₹10.9 lakh crore last year.

Total deposits increased 11.8% YoY to ₹1.51 lakh crore, compared to 7.2% growth sequentially in the last quarter.

Overall loan growth was affected due to a 3.6% YoY decline in corporate and other wholesale loans.

IDBI Bank had posted a 31% year-on-year growth in consolidated net profit to ₹1,908 crore for Q3 FY25, as against ₹1,458 crore in the same quarter last year.