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 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 Securities Appellate Tribunal (SAT) has granted an interim stay on a Sebi order that slapped a penalty of Rs 2 crore on Yes Bank's former MD Rana Kapoor in a case of mis-selling the private sector lender's AT1 bonds. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case. The interim relief came after capital markets regulator Sebi in July issued a demand notice to Kapoor, warning arrest and attachment of his assets over non-payment of the fine of Rs 2 crore, along with the interest.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product.
This Women's Day week, we salute India's first female doctor, Anandibai Gopal Joshi. Her achievement opened the gates of freedom and liberty for India's women.
Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund to back founders in the region, who build enduring companies.
Tata Motors is the leader in the electric car market with about 62 per cent share.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
Sanju Samson will miss Kerala's Ranji Trophy match against Madhya Pradesh, beginning on January 23, as he has been included in India's squad for the five-match T20I series against England. Samson may also miss the final Group C match against Bihar if he is not released from India's squad.
India's used car market, which has been growing steadily at 10-12 per cent over the last 2-3 years, is expected to reach $40 billion in FY26.
About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.
'If you really love your work and are good at it, it does not matter what is work and life.'
Maruti Suzuki India on Thursday said the locally manufactured Jimny five-door model has made its debut in the Japanese market. The SUV, which is exclusively manufactured at Maruti Suzuki's Gurugram-based plant, was unveiled in Japan on Thursday.
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, managing director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.
Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda to offer financing for residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. The partnership aims to make clean energy solutions accessible to households across India. Customers can avail loans up to Rs 6 lakh at an interest rate starting at 7 per cent per annum. The scheme offers flexible repayment tenures and requires a margin contribution of 10-20 per cent depending on the installation size.
Skipper Paras Dogra led by example with a fine century to help Jammu and Kashmir set Kerala a stiff target of 399 on Day 4 of their Ranji Trophy quarter-final.
Harsh Dubey strikes twice as Kerala reach 219/5 at lunch on Day 3 in Ranji final against Vidarbha
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
The cases of sudden hair loss, or 'acute onset alopecia totalis', were reported in 279 persons in 18 villages of Buldhana between December 2024 and January this year, prompting authorities to order a probe into the matter.
India has summoned Bangladesh's acting High Commissioner, expressing concern over recent statements by Bangladesh authorities that "portray India negatively" and hold New Delhi responsible for internal governance issues. The Ministry of External Affairs said India desires a positive relationship with Bangladesh, but these statements "vitiate the atmosphere" and are "responsible for persistent negativity." The statement comes after Bangladesh's interim government accused deposed Prime Minister Sheikh Hasina of "provocative" statements from India that led to unrest in Bangladesh.
The summon to the Bangladesh Deputy High Commissioner comes a day after the Indian High Commissioner to Dhaka, Pranay Verma was summoned by the Bangladesh foreign ministry on Sunday.
A confident New Zealand side will be eager to seal a semi-final spot when they take on Bangladesh, who will be fighting for survival, in their Champions Trophy Group A match in Rawalpindi on Monday.
India would like to continue their flawless campaign when they take on England in the semifinal
India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. The gross leasing or absorption of office space stood at 745.6 lakh square feet in the preceding year, data from real estate consultant Cushman & Wakefield (C&W) showed.
Pakistan and Bangladesh will face off in a dead rubber match in the Champions Trophy on Thursday, both teams looking to salvage some pride after disappointing tournament performances. Both teams have suffered heavy defeats to New Zealand.
'Adventure travel, cultural tours, and wellness retreats are in high demand.'
A high-level inter-ministerial team conducted a six-hour investigation in Badhaal village, Rajouri district, Jammu and Kashmir, to ascertain the causes of death of 17 members of three families under mysterious circumstances. The team, led by a director-rank officer in the Union Ministry of Home Affairs, collected samples and briefed by senior district, health and police officers. The team's visit follows the deaths of 16 people between December 7 and January 19. The investigation is ongoing, with authorities focusing on potential neurotoxins and a spring that tested positive for pesticides.
Health insurance premium growth has slowed after touching record highs during the Covid-19 pandemic due to tapering demand from retail consumers amid affordability issues. According to General Insurance Council data, health insurance premiums grew by 10.44 per cent year-on-year (Y-o-Y) in the Apr-Jan period of FY25 in comparison with 20.79 per cent in the year-ago period. It was around 23.57 per cent in FY23, and 25.89 per cent in FY22.
The Central Bureau of Investigation (CBI) on Friday filed an appeal before the Calcutta high court, seeking death penalty for RG Kar hospital rape-murder case convict Sanjay Roy.
The Enforcement Directorate on Thursday arrested former NSE MD Chitra Ramakrishnan in a money laundering case connected with alleged illegal phone tapping and snooping of stock exchange employees after getting the nod from a Delhi court to probe the matter. Special Judge Sunaina Sharma allowed four-day custodial interrogation of Ramakrishnan. The former NSE MD was produced in the court from jail on order passed by the judge earlier.
US President-elect Donald Trump has nominated Indian-American scientist Jay Bhattacharya to lead the National Institutes of Health (NIH), the country's top health research and funding institutions. Bhattacharya, a professor of Health Policy at Stanford University, is known for his research on the health and well-being of vulnerable populations. Trump also nominated Jim O'Neill as the deputy secretary of Health and Human Services to work alongside Robert F. Kennedy Jr.
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
Ola Electric on Friday said it has launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. The company said it will continue to sell retail its Gen 2 scooters along with the latest Gen 3 S1 scooters.
Brokerages on DMart Q3 results: Avenue Supermarts (DMart) shares slipped as much as 5.74 per cent to hit an intraday low of Rs 3,474 per share on Monday. However, the stock recovered slightly to close at Rs 3,507.95, down 4.82 per cent. Notably, the 52-week low for DMart shares is Rs 3,400. The downward movement in DMart's share price was triggered by the company's 2024-25 (FY25) October-December quarter (Q3) results, which missed Street expectations.
Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
The opposition Congress in Assam has accused the BJP government of running a "police raj" after official data revealed that 72 people were killed and 220 injured in police actions since Himanta Biswa Sarma became the chief minister in May 2021. The Congress has demanded that the Supreme Court take suo motu cognisance of the data and investigate the alleged fake encounters in the state. The data shows that a total of 256 police actions have been taken between May 2021 and February 2024, resulting in the deaths of 38 people in police remand and 34 more while in custody but before remand. The Congress has alleged that the ruling party is using the police for political gains, while the government has defended its actions, stating that police cases have been registered in each incident and that the NHRC guidelines have been followed.
'Everything can be resolved, but my husband's legacy is not up for sale.'
Unbeaten so far in the tournament, a dominant India will start as overwhelming favourites to win their second consecutive women's Under-19 T20 World Cup crown when they take on also-undefeated South Africa in the final in Kuala Lumpur on Sunday.
