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DOW DOWN 800 PTS

NASDAQ 770 pts [4.2% fall]


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GIFT NIFTY DOWN 70 PTS


U.S Stocks are under pressure as tariffs raise recession fears, potentially limiting Fed rate cuts.


U.S BANK INDEX NOW DOWN 3.4 %


U.S TECH SELL OFF

NVIDIA DOWN 4 % , APPLE DOWN 4 % , TESLA DOWN 8 % , AMAZON DOWN 3 %


ENERGY SECRETARY SAYS IT IS POSSIBLE TRUMP REMOVES TARIFFS ON CANADIAN OIL IN APRIL


NASDAQ DOWN 3 % , HITS OCT MONTHS LOW


NLC INDIA ; Board considered and in-principally approved the borrowing of External Commercial Borrowing within overall ceiling of Japanese Yen equivalent to USD200 Million with equivalent green shoe option


INDUSIND BANK; Bank Says 2.35% impact on net worth is internal est, may not be very different from what external agency finds

Entire 2.35% impact pertains to FY24 and earlier

Discrepancies mostly in derivatives book that were identified by Sep-Oct

Regulator was aware of issue; may have had a bearing on shorter extension for CEO tenure

Bank can take an impact of these transactions


INDUSIND BANK: BANK Says Derivative account discrepancies not linked to client accounts

Have looped in RBI for these discrepancies, have given them a final update too

Derivative accounting practices in place for 5-7 years

Discrepancies emerged post new rules from Apr 1, 2024

Derivative account discrepancies to have some impact on trading income and swap cost


INDUSIND BANK: Expect report of external agency to come by end of Q4 - ETNOW

MFI recoveries looking good, except in Karnataka

Q4 should be the bottom of the pyramid in terms of MFI stress

Effective April 1, there will be no internal trades entered in our book

Do not run any unhedged positions on balance sheet


ARVIND FASHIONS; Club A, a premium fashion retail chain by Arvind Lifestyle Brands (a subsidiary of Arvind Fashions), is expanding in Hyderabad and Bangalore. It features top brands like Tommy Hilfiger, Calvin Klein, and U.S. Polo Assn.

Currently, it has stores in Bangalore, Delhi, Surat, and Lucknow.

Housing internationally acclaimed brands as well as collections from the Arvind Fashions Limited, Stride's premium footwear, handbags and watches and labels like Cole Haan and Guess, Club A is the premium fashion destination with a high-end appeal for style-conscious customers.


ARVIND FASHIONS;Arvind Fashions aims to expand its CLUB A stores across India, bringing its signature style and sophistication to a wider audience

The lifestyle powerhouse that has brought several iconic international brands to India is now set to take the luxury Club A shopping experience to residents of Hyderabad

Club A's Bangalore, Delhi, Surat, Lucknow and Hyderabad stores also unveil refreshing new Spring/Summer-25 collections of all in-house brands


PB FINTECH ; Forensic Research Firm Trudence report raises several red flags on accounting treatment of commissions and other earnings on insurance policies sold and the role of subsidiaries that are reporting non-GAAP numbers. Company calls report "juvenile".- ET


IT STOCKS: U.S BANK INDEX DOWN 2.6 %


Flows in the Cash Market on 10-Mar-25:

DII Activity
• Buy: ₹9,591.29 Cr
• Sell: ₹9,327.78 Cr
• Net: ₹263.51 Cr

FII/FPI Activity
• Buy: ₹9,924.83 Cr
• Sell: ₹10,410.24 Cr
• Net: -₹485.41 Cr

Net Institutional Activity
• Net: -₹221.90 Cr


EPIC ENERGY; WINS ORDER

Epic Energy received a Letter of Intent from a 275-bed NABH-accredited Oncology Center in Nashik for 2.4 MWp solar power from its upcoming Solapur Solar Park under the Group Captive Open Access Scheme.

The project is set for completion by FY26, with efforts underway to secure more clients.

The facility will be developed under a Special Purpose Vehicle (SPV) at an estimated cost of approximately ₹8.50 crores, funded through a balanced mix of debt and equity


SINGER INDIA ; An FIR was filed at Sahnewal Police Station, Ludhiana, on 08.03.2025, against Mr. Prashant Aggarwal (Co.s Vice President - Sourcing & Logistics) and Mr. Subhash Chand Nagpal (Co.s CFO). Filed by a former vendor over alleged unpaid dues, the Company disputes the claim and is reviewing legal options.

The FIR was accessed online on 10.03.2025.


SCHNEIDER ELECTRIC: The new SF6 Free RMAirSeT utilizes pressurized air as replacement to potent SF6 gas making it environment friendly. It is also robust & designed to meet highest standards of performance & durability. Additionally, the robust systems have highest endurance increasing the overall life of the mechanism.

This collaboration between Schneider Electric and Tata Power sets a new benchmark for sustainable power distribution in India.

By adopting SF6-Free technology, Tata Power is leading the way in creating a cleaner and more efficient energy landscape.

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