Stocks in Focus

: PwC Report on Derivatives Accounting Discrepancy Investors are anticipating the release of a report from PricewaterhouseCoopers (PwC), which is expected to detail the Rs 2,100 crore discrepancy in derivatives accounting and outline the actual losses incurred by the bank. The Reserve Bank of India (RBI) had directed IndusInd Bank's management to complete the necessary remedial actions during the current quarter, Q4FY25. : Tax Reassessment Order and Bank's Response YES Bank has received a reassessment order that does not include any additional disallowances or additions. However, the computation sheet and the Notice of Demand have raised an income tax demand (including interest) amounting to Rs 2,209.17 crore. The bank has stated that this demand appears to be without any basis and that it has substantial grounds to defend its position. The bank intends to pursue an appeal and rectification proceedings against the reassessment order. : Bonus Issue Announcement The Bombay Stock Exchange has approved the issuance of bonus equity shares in a 2:1 ratio, entitling shareholders to two equity shares of Rs 2 each for every one fully paid-up equity share of Rs 2 each held as of the record date. The record date will be announced soon to determine shareholder eligibility for the bonus shares. Limited (HAL): Mega Order Wins for Light Combat Helicopters The Ministry of Defence has signed two contracts with HAL for the supply of 156 Light Combat Helicopters (LCH), known as 'Prachand,' to the Indian Army (90 units) and the Indian Air Force (66 units). The contracts, valued at approximately Rs 62,700 crore (excluding taxes), also include provisions for training and associated equipment.