IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect, taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank.
Fadnavis said the talks between Shah and Raj Thackeray were positive, and the picture would be clear in the next few days.
If I were to explain stealth to a layperson, I'd ask them to think of the game chupan-chupai (hide and seek) we played as children, explains Air Commodore Nitin Sathe (retd).
The father of Murali Naik, a soldier from Andhra Pradesh who died during cross-border shelling in Jammu and Kashmir's Poonch, said his son joined the Army despite his opposition as he wanted to serve the nation. Naik, a 23-year-old Agniveer, died in the line of duty on Friday. He was the primary breadwinner for his family, which has been living in Mumbai for the past 32 years. Naik's death has been mourned by politicians and officials, including Andhra Pradesh Chief Minister N Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis.
The Shiv Sena-Uddhav Balasaheb Thackeray and Nationalist Congress Party group under Sharad Pawar on Friday demanded the resignation of Maharashtra Home Minister Devendra Fadnavis over the murder of Sena-UBT leader Abhishek Ghosalkar during a 'Facebook Live'.
The Maharashtra Navnirman Sena (MNS) has demanded the removal of decorations and installation of CCTV surveillance at the tomb of Mughal emperor Aurangzeb in Chhatrapati Sambhajinagar district, Maharashtra. The party also wants a board to be installed at the site stating that Aurangzeb was buried there after trying to "finish" the Marathas. The demands come amid a push by right-wing outfits to remove the tomb. The MNS's memorandum comes amid demand by right-wing outfits to remove Aurangazeb's tomb. Chief Minister Devendra Fadnavis said whether people like the Mughal emperor or not, his tomb is a protected monument, but his glorification will not be allowed.
The United States on Thursday said it supports India's right to defend itself and its fight against terrorism as US Defence Secretary Pete Hegseth dialled Defence Minister Rajnath Singh amid rising tensions between India and Pakistan over the Pahalgam terror attack.
Senior RSS leader Suresh Bhaiyyaji Joshi's call to drop the Aurangzeb tomb controversy challenges decades of communal rhetoric in Maharashtra, igniting hopes for unity and a balanced historical narrative.
Shiv Sena-UBT chief Uddhav Thackeray has vowed to oppose the Maharashtra government's decision to make Hindi a mandatory third language for students of Classes 1 to 5, stating that his party will not allow it. Thackeray, addressing an event of the Bharatiya Kamgar Sena, the workers' wing of the Shiv Sena (UBT), said his party has no aversion to the Hindi language but questioned the need to force it upon students. He also criticized the ruling BJP's approach, alleging their aim is to keep people under pressure and prevent unity. He accused the current government of working against the interests of Marathi and Maharashtra, and slammed Deputy Chief Minister Eknath Shinde for his alleged subservience to those he believes are harming the state's interests. Thackeray further criticized the Waqf Amendment Act 2025, arguing against the appointment of non-Muslims on the Waqf Board and questioning the government's intentions in appointing non-Hindus to Hindu religious organizations. He also claimed that his government was overthrown because he had stalled the implementation of labor codes in the state. Thackeray concluded his speech by urging party members to prioritize the hiring of Bharatiya Kamgar Sena union members in workplaces where the union has a presence.
Thackeray said since the SC directed Narwekar in May last year to take a decision on the pleas seeking disqualification of rebel Shiv Sena MLAs, the speaker has met the chief minister twice.
The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.
The luncheon meeting was held at the INS Angre auditorium, a state government official said.
On Thursday, Fadnavis wrote a letter to Ajit Pawar opposing NCP leader Nawab Malik sitting on a treasury bench seat.
IndusInd Bank on Tuesday said global rating agency Moody's has placed the bank's baseline credit assessment (BCA) under review for a possible downgrade. The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth.
Kunal Kamra has accepted money from Uddhav Thackeray and is targeting Eknath Shinde, Mhaske alleged.
A few days back, the Nagpur Municipal Corporation issued a notice to Khan, citing various lapses and lack of the building plan approval (for his house), sources said.
As the Jaggi brothers - Anmol Singh Jaggi and Puneet Singh Jaggi - find themselves at the heart of the financial mismanagement in the Gensol-BluSmart saga, attention on the third BluSmart co-founder, Punit K Goyal, has taken a notably different turn.
Bharatiya Janata Party leader and forest minister Ganesh Naik on Monday held a janta darbar in Thane, the home turf of Deputy CM Eknath Shinde, rejecting speculation of one-upmanship in the Mahayuti alliance.
A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.
'It pains me when Marathi film-makers come to me and say that Marathi cinema is not getting the right platform.'
IndusInd Bank has appointed a professional firm to conduct investigation for identifying the root cause of accounting discrepancies relating to its derivatives portfolio. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the Bank's net worth.
The US consulate in Mumbai has granted visas to the family members of Indian student Neelam Shinde, who suffered serious injuries in a road accident in California and is undergoing treatment. Shinde, who hails from Satara in Maharashtra and is studying in the United States, is still in a coma at a hospital in San Francisco, but her condition has slightly improved. The Ministry of External Affairs had taken up the family's request for an urgent visa with the US authorities.
Hundreds of Naga Sadhus took a dip in the Triveni Sangam during the Maha Kumbh Mela on the occasion of Makar Sankranti.
Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. The private sector lender, on March 10, disclosed about some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024 as per its internal review.
Maharashtra Chief Minister Devendra Fadnavis has said the Mahayuti allies have agreed to conduct a 'performance audit' of ministers during their tenure.
The Maharashtra Cyber division has issued a notice to the Wikimedia Foundation, the organization behind Wikipedia, demanding the removal of "objectionable" content related to Chhatrapati Sambhaji Maharaj from the online encyclopedia. The notice, issued under the Information Technology Act, claims the content is inaccurate and lacks proper references, potentially inciting communal hatred. The move follows recent claims by various organizations about the existence of defamatory information regarding Sambhaji Maharaj on Wikipedia, particularly in the wake of the Hindi film "Chhava", based on his life. The Maharashtra Cyber has directed the Wikimedia Foundation to remove the content promptly and prevent its re-uploading.
Curfew was lifted from the remaining four areas of Nagpur in Maharashtra on Sunday, six days after violence rocked the city. The violence erupted on March 17 after rumors spread about a chadar with holy inscriptions being burnt during a protest led by the Vishva Hindu Parishad (VHP) and Bajrang Dal. The rumors were later found to be baseless.
Britain's former prime minister was spotted at the JLF on Saturday and at the Wankhede on Sunday.
The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. "For India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas," IMF said in its World Economic Outlook (WEO).
BJP legislator Pravin Darekar filed a breach of privilege notice against stand-up comedian Kunal Kamra and Shiv Sena (UBT) spokesperson Sushma Andhare in the Maharashtra Legislative Council. Darekar accused Kamra of performing a song with insulting references to Deputy Chief Minister Eknath Shinde and Andhare of supporting the performance with objectionable language. He claimed their actions constituted contempt of the House. Shiv Sena MLA Ramesh Bornare also submitted a breach of privilege notice against Andhare for allegedly mocking Chief Minister Devendra Fadnavis. The Speaker will decide on the notices.
Union Minister Raksha Khadse on Sunday lodged a police complaint regarding the harassment of her daughter and some of her friends by a group of boys at an event in Maharashtra's Jalgaon district.
Amid opposition call for his resignation over the Beed sarpanch murder case, Maharashtra minister Dhananjay Munde on Wednesday said he is ready to quit if asked by Chief Minister Devendra Fadnavis or deputy CM Ajit Pawar.
The government resolution does not spell out what action would be taken, if any, against those writing and publishing 'negative' news. Nor does it define 'negative news and "misinformation', explains Jyoti Punwani.
Shiv Sena-UBT MP Sanjay Raut claimed that former Maharashtra chief minister and Shiv Sena head Eknath Shinde wanted to join the Congress in the past. Raut's claim comes after former Maharashtra Congress president Nana Patole offered Shinde and Ajit Pawar the "rotational post of the chief minister" if they switched to the opposition alliance. Raut said that "nothing is impossible in politics" and that Shinde and Ajit Pawar are carrying the flags of the BJP.
'The attack on Saif Ali Khan yet again raises questions on Mumbai Police & the Home Minister'
He staked everything to ensure the BJP returned to power; and now that it has, he stands to lose a lot, points out Aditi Phadnis.
Prime Minister Narendra Modi on Sunday visited Dr Hedgewar Smruti Mandir in Nagpur and paid tributes at memorials dedicated to Rashtriya Swayamsevak Sangh (RSS) founder Keshav Baliram Hedgewar, and second sarsanghchalak (chief) M S Golwalkar.
Religious tourism witnessed 1,439 million tourists in 2022, generating Rs 1.34 trillion in revenue.
External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.
Devendra Fadnavis, BJP legislature party leader, will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony in Mumbai. NCP head Ajit Pawar and Shiv Sena leader Eknath Shinde are also expected to take oath as deputy chief ministers. This is for the third time that Fadnavis will be sworn-in as the CM of Maharashtra. The swearing-in ceremony will be held at the Azad Maidan in south Mumbai, where elaborate security arrangements have been made. The formation of the government under Fadnavis comes after two weeks of intense negotiations following the November 20 state assembly polls. Fadnavis, joined by Shinde and Pawar, met with state Governor CP Radhakrishnan to formally stake claim to form the government. Following this meeting, the governor extended an invitation for Fadnavis to lead the new government. The swearing-in ceremony will be a grand affair with nearly 42,000 attendees, including PM Modi, several Union ministers, and chief ministers and deputy CMs of various states.
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