Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
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.
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.
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.
'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.'
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.
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.
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.
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.
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.
'The aim is to have curated datasets that create cultural and historical nuances that help us make our models understand these better.'
Humpy settles for bronze after coming close to World Rapid title; Erigaisi finishes third
Australia A skipper Tahlia McGrath was the pick of the bowlers with 3/49 in eight overs.
Rajaneesh Gupta lists the amazing numbers that make Rohit Sharma one of the finest ODI batters of his time.
FIDE World Cup: Arjun storms into quarterfinals of the World Cup
Investors must account for currency depreciation in their financial plans and use instruments that can cushion the erosion in purchasing power.
Dr Aarti Ullal suggests simple remedies to manage your blood sugar levels.
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.
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.
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.
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.
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.
FIDE World Cup: Arjun draws again to reach tiebreaker against Wei Yi
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.
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.
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.
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.
Trent reported decent margins in the second quarter (July-September) of 2025-26 (Q2FY26) but growth moderated. Same store growth was low single-digits. Trent's revenue growth decelerated in Q2FY26 at 17 per cent year-on-year (Y-o-Y) while area additions were offset by decline in revenue per square foot (sq ft).
'As the team builds, each of them will bring in a different perspective, new thinking.'
India's private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit.
World Junior champion Pranav Venkatesh scored a crushing victory over Grandmaster Alan Pichot of Spain to win the Fujairah Global Superstars chess tournament.
The Election Commission has directed enforcement agencies and security forces to take proactive measures during the Bihar elections to prevent the use of drugs, liquor, and cash to influence voters.
R Vaishali also made it to the next round, defeating Ouellet Maili-Jade of Canada in another Indian victory of the day while Divya Deshmukh ousted Kesaria Mgeladze of Georgia.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
As the potential threat of a steep 200 per cent tariff on pharmaceutical imports hangs in the air, analysts and industry insiders feel that focus on exports to non-US regions as well as domestic market will increase as a long-term trend. US President Donald Trump told CNBC's Squawk Box in the first week of August that planned tariffs on import of pharmaceutical products to the US could eventually reach up to 250 per cent.
From the 30 Sensex pack, IndusInd Bank plunged over 18.50 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down by concerns over its asset quality. Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards.
With Vantika's hard-earned victory there are still five Indians left in the last 32 stage of this US$691,250 prize money event with an additional bonus of making it to the Women's candidates' tournament slated in 2026 for the top three finishers.
