Kohl s Corp new CEO warned that a turnaround will take "some time" after the U.S. department store chain forecast a bigger-than-anticipated drop in annual sales, sending its shares sliding 20% to a near three-decade low on Tuesday.

Bharti Airtel transferred its 69.94% stake in Airtel Payments Bank to its subsidiary Airtel Limited as an internal restructuring of shareholding, with necessary approvals in place. Airtel Payments Bank, profitable since 2017, may launch an IPO within a few years according to regulatory requirements.

Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased Infosys shares worth Rs 494 crore through an open market transaction. She bought 29,84,057 shares at an average price of Rs 1,657 each. Meanwhile, Gaurav Manchanda, a family member of SD Shibulal, sold the same number of shares at the same price.

Nifty recovered from early losses to close at 22,497.90, up 0.17%, while Sensex ended slightly lower at 74,102.32. Financial services and FMCG stocks aided gains, while banks, led by IndusInd Bank, dragged. Analysts see short-term strength with key support at 22,400.

Wall Street s sell-off is moderating with the S&P 500 down 0.3% and the Dow Jones Industrial Average dropping 202 points. Big Tech stocks showed resilience, with Tesla rising 1.1%. Meanwhile, Delta Air Lines and Southwest Airlines adjusted their forecasts as demand wanes. Treasury yields steadied at 4.22% amid economic concerns.

Sebi has mandated completing rights issues within 23 working days from board approval, effective April 7, 2025. The move aims to streamline fundraising, reduce delays, and enhance market efficiency while ensuring stakeholder compliance and automated application validation.

Four BSE FMCG stocks—Flair Writing, Cupid, Hatsun Agro, and P&G Hygiene—hit 52-week lows amid a broader market dip. Investors assess fundamentals to determine buying opportunities or potential risks.

Indian markets closed mixed on Tuesday amid muted global cues. Sensex ended flat, while Nifty slipped below 22,500. Energy and telecom stocks gained, whereas banks, auto, and IT stocks faced selling pressure. IndusInd Bank tumbled 27%, hitting a fresh low.

IndusInd Bank CEO Sumant Kathpalia assured profitability in Q4FY25 despite derivative losses. He confirmed the bank s Capital Adequacy Ratio will stay above 15% and stated losses will be absorbed through P&L. The stock fell 26% following accounting discrepancies.