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Crisil Ratings has placed IndusInd Bank's long-term debt instruments under rating watch with negative implications, following key managerial resignations and a review of its microfinance business. Concerns over internal financial controls and the impact on profitability are being closely monitored. The agency awaits clarity on the MFI discrepancies and their potential impact on the bank's operations.
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News and Media
Russian President Vladimir Putin said he had "productive" talks with Xi Jinping in Moscow on Thursday, addressing the Chinese leader as his "dear friend".
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News and Media
Following Indian Army's strikes on terrorist bases in Pakistan and Pakistan-occupied Kashmir, a reported explosion in Lahore led to temporary flight operations halt at Karachi, Lahore, and Sialkot airports. 'Operation Sindoor' targeted Jaish-e-Mohammed, Lashkar-e-Taiba, and Hizbul Mujahideen, responding to the Pahalgam attack where 26 people were killed.
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The broader market had its own sort of corrective phase, but I do think that given the fact that this event has happened and though it is an evolving situation there is a possibility that you may see a bit of a cool off and that may give a lot of comfort to investors.
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News and Media
Russian President Vladimir Putin's order for a three-day truce with Ukraine took effect Thursday. This move, the Kremlin, said would test Kyiv's readiness for peace but that Ukraine has slammed as a farce. The Kremlin has said Russian forces will honour Putin's order for the duration of the holiday period, but will respond "immediately" if attacked.
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News and Media
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