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Tyre maker CEAT is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years

Crisil refrains from placing IndusInd Bank on ratings watch but awaits the external agency s report to gauge the discrepancies in the derivatives portfolio. Despite expected one-time impact, the bank s pre-provisioning operating profitability and capital adequacy appear robust. Moody s reviews the bank s Ba1 rating due to internal control concerns.

RBI Governor Sanjay Malhotra advises urban cooperative banks to boost depositor trust, enhance customer service, and ensure resilience against IT and cyber risks. The RBI reaffirms its support for UCBs while highlighting the importance of their responsibilities towards depositors, emphasized during a meeting with industry bodies.

Foreign insurers are retreating from India, despite regulatory reforms easing ownership rules. Challenges in scaling without strong local partnerships and high operational complexity remain deterrents. Recent exits include Allianz Group, while Zurich Insurance has expanded its presence, highlighting mixed investor responses.

The brokerage s shares will trade on domestic bourses for the last time on Friday. As part of the scheme of arrangement, ICICI Bank will issue 67 shares for every 100 equity shares of ICICI Securities held by shareholders.

All three indices are up between 4.7% and 5.2% in the last three days, against the 2.25% upmove in the benchmark Nifty 50. The nervous sentiment in the domestic market has eased of late, tracking the improved mood globally, also with selling by foreign investors subsiding.

But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration s trade and other policies will play out in the real economy, and how the Federal Reserve should respond.

Garden Reach Shipbuilders and Engineers jumped 20% while Ideaforge Technology and Mazagaon Dock Shipbuilders surged over 10%. Cochin Shipyard rose 8.9% and Mishra Dhatu Nigam and Bharat Dynamics gained 8.4% and 6.4%,respectively. Paras Defense & Space Technologies moved 6.2% while DCX Systems and Hindustan Aeronautics rose over 4% each.

InterGlobe shares gained 3.5% to close at ₹4,978 on Wednesday after the company guided for strong fourth-quarter results at its analyst meet.

A delay in drug approvals in the US market remains a concern for Aurobindo. The company stated that eight ANDAs (abbreviated new drug application) received final approval in the December 2024 quarter while 56 were still pending. According to YES Securities, the revenue contribution of the new approvals will likely be weak in the March quarter.