Latest news with #PSU-led
Business Upturn
21-05-2025
- Business
- Business Upturn
NBCC secures Rs 161.55 crore contract from Power Finance Corporation for interior works in Delhi
By Aditya Bhagchandani Published on May 21, 2025, 18:42 IST NBCC (India) Limited has announced the receipt of a new work order worth approximately Rs 161.55 crore (excluding GST) from Power Finance Corporation Limited. The project involves executing interior works at Tower-H of the World Trade Centre in Nauroji Nagar, New Delhi. The company confirmed that this assignment falls within its regular course of business and reinforces its ongoing role in infrastructure development for key public sector clients. The details were disclosed in a regulatory filing with the stock exchanges on May 21, 2025. According to NBCC, the awarded project further strengthens its presence in the capital region and adds to its growing order book of government and PSU-led projects. The information is also available on NBCC's official website. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
30-04-2025
- Business
- Business Upturn
IndusInd Bank share price: Macquarie sees 44% upside to Rs 1,210, says CEO clarity could drive re-rating
By Arunika Jain Published on April 30, 2025, 08:40 IST Macquarie has reiterated its Outperform rating on IndusInd Bank, assigning a target price of ₹1,210 per share. At the current market price of ₹837.50, this implies a potential upside of approximately 44%. The brokerage believes that clarity on top management succession could serve as a significant catalyst for the stock. Following the recent resignation of CEO Sumant Kathpalia, Macquarie noted that the appointment of a private sector banker as the next CEO could trigger a re-rating. It is also tracking the possible nomination of a PSU banker by the RBI as a board director, which in past instances — such as Yes Bank, Bandhan Bank, and RBL — has preceded a PSU-led leadership transition. Macquarie emphasized that the uncertainty around leadership is currently a key overhang, and progress on this front may help restore investor confidence and drive valuations higher. The firm remains positive on the bank's core operating metrics but flagged that succession planning and leadership visibility will be critical in determining near-term stock performance. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
