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.
'As the team builds, each of them will bring in a different perspective, new thinking.'
Australia A skipper Tahlia McGrath was the pick of the bowlers with 3/49 in eight overs.
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.
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.
'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.'
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.
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.
World Junior champion Pranav Venkatesh scored a crushing victory over Grandmaster Alan Pichot of Spain to win the Fujairah Global Superstars chess tournament.
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.
Private sector banks slipped in market capitalisation (mcap) during the July-September quarter, underperforming their government-owned peers as trade uncertainties dragged market sentiment, said S&P Global Market Intelligence. According to its analysis, HDFC Bank shed 4.8 per cent in mcap during the third quarter, while ICICI Bank's dropped 6.7 per cent.
Physical AI equips machines with the ability to perceive, learn, and act in the real world by integrating AI algorithms with sensors and actuators in physical systems like robots and vehicles.
Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles and manufactured items, government data showed on Tuesday. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year.
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.
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.
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.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
Retail inflation slipped to 1.54 per cent in September from 2.07 per cent in the preceding month mainly due to subdued prices of food items, including vegetables and pulses, according to government data released on Monday. The consumer price index (CPI) based inflation was 5.49 per cent in September 2024.
After days of off-field drama, Team India was back on the field in Dubai at the ICC Academy, sharpening their skills ahead of the final Group A clash against Oman.
In the sixth round Gukesh survived another scare before steering the game to a draw with Firouzja.
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.
Gukesh had another eventful game in a Queen pawn opening with black pieces.
Grandmaster R Praggnanandhaa kept himself in hunt for an overall top four finish in the Grand Chess Tour after a draw with Wesley So of the United States in the eighth and penultimate round of the Sinquefield Cup in St Louis (USA).
Praggnanandhaa held by Sevian; Gukesh draws with Vachier-Lagrave.
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
R Praggnanandhaa scored a fluent victory over Frenchman Alireza Firouzja to claim the joint lead after the seventh round of the Sinquefield Cup.
R Praggnanandhaa sealed his spot in the Grand Chess Tour finale after finishing runner-up at the Sinquefield Cup.
The centralised semi-finals and the final are scheduled for May 20 to 23, next year.
This marks the first time that four players from a single country have reached the quarter-finals of the FIDE Women's World Chess Cup.
World champion D Gukesh was held to a draw by the lone wild card Samuel Sevian, while fellow Indian R Praggnanandhaa also split the point with Nodirbek Abdusattorov.
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.
Vantika Agrawal humbled former World champion Anna Ushenina in the second round of FIDE Women's World Chess Cup in Batumi, Georgia, on Wednesday.
'Last year, I messed up some good positions against him, I think I did not beat him (in classical) for almost two years now, so finally it's good to get a win.'
D Gukesh put his opening-round blues behind him and scored an excellent victory over former world rapid champion Nodirbek Abdusattorov of Uzbekistan in the second round of the Sinquefield Cup.
International Master Divya Deshmukh, who is waiting to become a Grandmaster, had a tough day in office as she was outplayed by Zhu Jiner of China in the return game of the pre-quarterfinals in the FIDE World Women's Chess Cup in Batumi, Georgia on Thursday.
While Vantika, Harika and Vaishali have an uphill task in the first set of tie-break games, they can still make it to the round of 16.
Indian International Master Divya Deshmukh made a huge stride forward, defeating second seed Jiner Zhu of China in the first game of the pre-quarterfinals of the FIDE World Women's Chess Cup in Batumi, Georgia, on Wednesday.
Grandmaster Vantika Agrawal outclassed Lela Shohradeva of Turkmenistan in the return game of the first round to progress to the round of 64 of FIDE World Women's Chess Cup.
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.
Apart from Tan, top seed Tingjie Lei of China also made it to the semifinals at the expense of Nana Dzagnidze of Georgia.
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