Indian artificial intelligence (AI) startup Sarvam launched two indigenous large language models (LLMs) specifically trained on Indian languages on Wednesday.
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.
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 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.
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.
IndusInd Bank on Sunday said accounting lapses in the derivative portfolio will cost the bank Rs 1,960 crore in FY25. A bank-appointed external auditor has determined cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15, IndusInd Bank said in a regulatory filing.
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.
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.
The incident took place in the morning, a senior police official from Jalandhar said over the phone.
'Engaging with Pakistan at this stage sends out a message that undermines the sentiments of the people of India who stand firmly against any compromise on national security.'
Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
Bajaj Finserv on Thursday said it has completed the acquisition of Allianz SE's stake in Bajaj General Insurance and Bajaj Life Insurance, worth Rs 12,190 crore and Rs 9,200 crore, respectively. Bajaj Finserv, along with Bajaj Holdings & Investment and Jamnalal Sons, acquired the foreign insurer's 23 per cent stake in the businesses, marking the largest transaction in the Indian insurance sector.
A national rollout will take place after the pilot test in which SBI, PNB, Axis Bank, Bank of Maharashtra, Canara Bank, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Indian Overseas Bank and Punjab & Sind Bank are participating.
Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. The interest slabs and rates for higher balance accounts remain unchanged. Despite the revision, the bank continues to offer one of the highest savings account interest rates in the industry among mid-sized banks.
Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels.
Purnendu Maji and Srinivas Bhogle present Rediff's Most Valuable Player Index of Asia Cup 2025.
The 23-year-old Chennai girl edged out On Yee 3-2 to become the first Indian woman to annex the IBSF World Snooker (15-red) crown.
Australia A skipper Tahlia McGrath was the pick of the bowlers with 3/49 in eight overs.
'The aim is to have curated datasets that create cultural and historical nuances that help us make our models understand these better.'
Rajaneesh Gupta lists the amazing numbers that make Rohit Sharma one of the finest ODI batters of his time.
Banking sector has witnessed healthy growth in advances in the third quarter of financial year 2026 (Q3FY26) against the same period last year, as the full impact of goods and service tax (GST) rate cuts drove growth. Most of the lenders saw their credit growth outpace the deposit growth in the quarter.
A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank's share price on Friday (October 25). Contingency provisions are generally made when a lender expects more bad loans in the coming quarters. Shares of the bank on Tuesday (October 29) declined 1.53 per cent to settle at Rs 1,038.2 apiece on the BSE.
Humpy settles for bronze after coming close to World Rapid title; Erigaisi finishes third
FIDE World Cup: Arjun storms into quarterfinals of the World Cup
With just 16 players out of 206 participants that started the event remaining in the fray, most of the players decided against taking undue risk and decided to wait for the next game.
Grandmaster Arjun Erigaisi will take on an in-form Levon Aronian of Armenia, while P Harikrishna will have to tackle giant-killer Jose Eduardo Martinez Alacantara of Mexico in the pre-quarterfinals of the World Cup in Panaji, Goa.
Investors must account for currency depreciation in their financial plans and use instruments that can cushion the erosion in purchasing power.
In another development, aviation safety regulator DGCA in an order on Sunday late evening extended the time by Monday 6 pm for IndiGo CEO Pieter Elbers and Chief Operating Officer and Accountable Manager Isidro Porqueras to submit reply to its show cause notice over the ongoing disruptions in the airline's operations.
Dr Aarti Ullal suggests simple remedies to manage your blood sugar levels.
Seeking to qualify for the Candidates' event, India's top-rated Arjun Erigaisi walked off with an easy draw with his Chinese counterpart Wei Yi in the first game of the quarterfinals, in Panaji on Monday.
Adding another layer of controversy to an already strained India-Pakistan cricket ties, a fan wearing a Pakistan cricket jersey was reportedly asked to cover it up by security officials during the fourth Test between England and India at Old Trafford in Manchester.
FIDE World Cup: Arjun draws again to reach tiebreaker against Wei Yi
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
Rohit Sharma and his team faced a security scare, hotel lockdown, and overwhelming fan frenzy. And yet, what followed was one of India's most dramatic wins ever.
Bajaj Finserv - the holding company of Bajaj group's financial services business - has laid out plans for the next five years. During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR) in net profit at Rs 21,000-24,000 crore on a consolidated basis.
Grandmaster Arjun Erigaisi was knocked out of the FIDE World Cup, losing to Wei Yi of China 1.5-2.5 in the first set of tiebreak games, in Panaji on Wednesday.
'As the team builds, each of them will bring in a different perspective, new thinking.'
With deposit growth remaining sluggish and the credit - deposit ratio of commercial banks crossing 80 per cent, banks have ramped up their borrowing in the certificate of deposit (CD) market. In the fortnight ended November 14, CD issuances climbed to nearly Rs 55,000 crore - double the borrowings of the preceding two fortnights and the highest since the September 19 fortnight.
