As floods become new norm, NMC hammers out 50-yr mitigation plan

Indian stock markets showed resilience on Thursday, with Sensex and Nifty gaining slightly. Geopolitical worries from the Middle East conflict did not significantly impact trading. IT stocks led the gains, while some banking shares experienced minor declines. The Indian Rupee remained stable against the US dollar, with oil prices showing muted movement. Analysts anticipate a…

Fusion Finance forfeited 1.63 lakh partly paid rights shares worth Rs 1.07 crore after investors failed to pay despite the final reminder. The company converted 2.29 lakh shares into fully paid-up equity shares after receiving Rs 1.50 crore in call money.

Bank of Baroda’s June-quarter profit fell 72% due to a Rs 5,680 crore one-off settlement, despite strong loan growth and stable asset quality. Excluding the exceptional item, profit rose, supported by higher net interest income and healthy retail lending.