In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets:

1. IndusInd Bank’s 25% Crash: What Went Wrong?
IndusInd Bank’s stock crashed 25% after revealing an accounting issue related to forex derivative transactions. The bank had been misreporting its internal hedging losses for years, overstating profits. New RBI regulations forced a reassessment, revealing a ₹1,500–2,000 crore hit to its net worth. Investors panicked, questioning if deeper issues exist. Adding to concerns, the RBI only granted CEO Sumant Kathpalia a one-year extension instead of the usual three. While IndusInd insists it remains profitable and stable, regaining trust will be its biggest challenge.

2. Hyundai’s ₹31,526 Crore Controversy
Hyundai India is under scrutiny for massive Related Party Transactions (RPTs) worth ₹31,526 crore with other Hyundai group companies. Such transactions raise concerns about governance, fair pricing, and potential financial irregularities. Given India’s history with governance lapses, regulators are watching closely. Is Hyundai fairly dealing with its Indian unit, or is something bigger at play?


Timestamps:
00:00 Stories Coming Up!
00:18 Intro
00:35 IndusInd Bank Crashes 25%!
08:29 Hyundai India Under the Scanner
15:48   Tidbits

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Watch this episode in Kannada on ‪@marketsbyzerodhakannada‬ :    • IndusInd Bank in Trouble? | The Daily...  

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