World Champion D Gukesh faced a surprising defeat against Jorden van Foreest at the Prague International Chess Festival, while Aravindh Chithambaram drew his game.
Amritpal Singh Mehron, the main suspect in the murder of social media influencer Kanchan Kumari, has been arrested after being deported to India from the Middle East.
Indian Grandmasters D Gukesh and Aravindh Chithambaram had contrasting results in the second round of the Prague International Chess Festival, with Gukesh drawing and Aravindh winning his game.
World champion D Gukesh was held to a draw by David Navara in the fourth round of the Prague International Chess Festival, while Jorden van Foreest took the lead with his third victory.
World champion D Gukesh drew with Hans Moke Niemann in the first round of the Prague International Chess Festival.
Amritpal Singh Mehron, the primary suspect in the murder of social media influencer Kanchan Kumari, has been arrested after being deported to India from the Middle East. He was apprehended at Delhi's airport and is now in police custody.
D Gukesh played out a draw with compatriot Aravindh Chithambaram, the result ending the reigning world champion's title hopes on a tough day for Indian players in the Tata Steel Masters 2026 in Wijk Aan Zee, The Netherlands, on Saturday.
Crude oil prices experienced a significant drop following the announcement of a US-Iran ceasefire and the reopening of the Strait of Hormuz, leading to heavy selling by traders.
Gold prices experienced a significant decline in futures trading due to uncertainty surrounding geopolitical tensions in West Asia and conflicting statements regarding the conflict. Investors are also awaiting key macroeconomic data for further direction on interest rate cuts.
Gold prices experienced a significant drop in futures trading due to global selloff, inflation concerns, and a strong US dollar. Analysts predict a continued downward trend amid geopolitical tensions and potential rate hikes.
World champion D Gukesh stayed in the hunt with a clinical endgame win in Round 10 of the Tata Steel Masters, while Arjun Erigaisi slipped to another defeat and slid down the standings at Wijk Aan Zee.
Tata Steel Masters: Gukesh bounces back with a win against Fedoseev
Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.
World champion D Gukesh was himself to blame as he fell into a blindspot and made an unimaginable blunder to go down to Nodirbek Abdusatorov of Uzbekistan in a sixth round match of the Tata Steel chess
Tata Steel Masters: Gukesh slumps to another defeat against Giri
World champion D Gukesh resigned on his 37th turn against Germany's Matthias Bluebaum at Tata Steel Masters Chess.
The fourth T20I between India and South Africa was called off on Wednesday owing to poor visibility after a dense layer of smog engulfed the Ekana Stadium raising serious questions about BCCI's scheduling of matches in northern part of India during peak winter month.
Precious metal prices surged in futures trading, with silver hitting Rs 2.93 lakh per kg and gold nearing Rs 1.68 lakh per 10 grams, driven by safe-haven demand following US-Israel strikes in Iran and retaliatory attacks.
A fugitive gangster wanted in connection with a triple murder and narcotics trafficking cases has been deported and arrested in Punjab, India, marking a significant breakthrough in the fight against cross-border organised crime.
Shashi Tharoor met Priyanka Chopra over the weekend, and won the Internet over.
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.
Saikia confirmed that discussions were on regarding a possible adjustment in playing hours owing to Guwahati's early sunrise and sunset.
The sales of company shares by 5 senior executives have come under scrutiny as IndusInd shares declined over 30 per cent due to losses incurred by from its derivatives exposure.
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.
Banks are depending more heavily on the market for certificates of deposit (CDs), whose worth climbed to a record Rs 5.75 trillion in the fortnight to January 15, owing to deposit tightness in the system.
Companies would have to recognise the increase in gratuity liability arising from new labour codes in their interim financial statements and results for the period ending December 31, the Institute of Chartered Accountants of India (ICAI) has said in its FAQs on the new labour codes.
Indian artificial intelligence (AI) startup Sarvam launched two indigenous large language models (LLMs) specifically trained on Indian languages on Wednesday.
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.
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.
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.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
The Supreme Court has sought responses from the Centre, the CBI and others on a plea filed by a 78-year-old retired banker who was duped of Rs 23 crore after allegedly being put under "digital arrest" for nearly a month.
Silver and gold prices snapped a two-day rebound and declined sharply up to 10 per cent in the futures trade on Thursday amid weak trends in the international markets and a strong US dollar.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
Silver and gold prices declined sharply in the futures trade on Friday as traders booked profits at elevated levels after a record-breaking rally, tracking a bearish sentiment in global markets and a rebound in the US dollar.
IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.
'...the only match that really counts is the one at the end. And that will be our focus. Trying to play our best game when it counts.'
The incident took place in the morning, a senior police official from Jalandhar said over the phone.
Despite introducing a single ticket format to make purchases more accessible, organisers haven't seen a significant boost in sales, with the numbers remaining sluggish ahead of the match.
