Overview

• SEBI has barred IndusInd Bank CEO Sumant Kathpalia and four others from the securities market and frozen Rs19.78 crore following alleged insider trading.
• The Ahmedabad bench of the NCLT has initiated proceedings against Gensol Engineering and its affiliates over alleged corporate fraud and governance issues, freezing their bank accounts and lockers.
• Public sector undertakings reported robust Q4FY25 results with IRCTC net profit up 26% to Rs358.22 crore and SAIL earnings rising 11% to Rs1,250.98 crore.
• Specialty chemical maker Deepak Nitrite posted a 106.4% jump in Q4 net profit to Rs202 crore while Natco Pharma’s profit edged up 5% to Rs406 crore.
• Coal India was named preferred bidder for the Oranga-Revatipur Graphite and Vanadium Block in Chhattisgarh as part of its diversification beyond coal.