IndusInd Bank faces credit assessment review concerns

Today, several companies are in focus in the stock market, including IndusInd Bank, Vedanta, and Tata Motors. IndusInd Bank received a stable outlook from Moody’s but faces potential credit assessment issues. This follows issues with internal controls and discrepancies in its derivative accounts. Vedanta’s Chairman Anil Agarwal emphasized the company's goal to create value. He believes the new companies formed from their recent demerger could each grow to be worth $100 billion. Bajaj Finserv is making a significant move by acquiring Allianz SE’s 26% stake in their insurance ventures for about ₹24,180 crore. This deal will give Bajaj Finserv full ownership. Tata Motors has launched a new subsidiary called Tata Motors Digital.AI Labs to enhance its technological capabilities. Hindustan Unilever Limited (HUL) received approval to buy a 90.5% stake in Uprising Science Pvt Ltd for ₹2,670 crore. Uprising is known for its personal care brand, Minimalist. The Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its new Chief Risk Officer, effective March 19, 2025. In renewable energy news, IREDA has raised its borrowing limit for the fiscal year, allowing for an increase of ₹5,000 crore. The agency will use various financial instruments to secure funding. JM Financial Ltd plans to transfer its private wealth business to its subsidiary for ₹11.08 crore, effective April 1, 2025. Coffee Day Enterprises Ltd is negotiating a settlement regarding a ₹228.45 crore debt, which led to an insolvency plea against it. Alembic Pharmaceuticals has set up a new entity named Alembic Lifesciences Inc in the U.S. This move supports its global expansion plans.