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.
Kishor had handled the Congress poll campaign in the 2017 Punjab assembly elections. The Congress in 2017 had stormed to power by bagging 77 seats in the 117-member assembly.
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.
There have been some cases where the entire family has perished or both spouses died in the crash, which are making the claims process particularly complex.
M R Srinivasan focused on the peaceful use of nuclear power at a time when the popular view among the 'hawks' was that India should build a nuclear arsenal as a deterrent.
The agency had registered a preliminary enquiry in 2017 on the basis of allegations that 13 faculty members of the academy were appointed in spite of being ineligible.
Amid widespread outrage and criticism, and opposition demand for a CBI probe, Chief Minister M K Stalin on Tuesday ordered transferring to the central agency, the investigation into death of Ajithkumar (29), who was picked up by a "special team" for interrogation in connection with a theft case.
Former Union Law Minister Ashwani Kumar has argued for replacing the existing collegium system for judicial appointments, asserting that public sentiment leans toward an alternative mechanism, potentially resembling the National Judicial Appointments Commission (NJAC). He believes that the government has the authority to propose a revised constitutional amendment for judicial appointments that would withstand judicial scrutiny. Kumar also urged the Supreme Court to establish a robust internal process to address concerns within the judiciary, including allegations against judges.
Ferrari appointed Zhou Guanyu as a Formula One reserve driver on Wednesday after the Chinese lost his race seat with Swiss-based Sauber.
The Aam Aadmi Party government on Monday appointed Chief Minister's Secretary Rajendra Kumar as principal secretary of the services department which was promptly rejected by Lt Governor Najeeb Jung.
They have also raised a host of questions regarding the incident questioning the management's action and reaction in a letter signed by all of them.
Only in the event of the RSS managing to force Modi into accepting a consensual candidate, will the party not continue to 'being' the 'next Congress', observes Nilanjan Mukhopadhyay.
Sinha, a retired IAS officer of 1977 batch, was appointed as Principal Advisor to the Prime Minister in September 2019, after a brief stint as an officer on special duty.
Amidst ongoing tensions with the ruling DMK government, Tamil Nadu Governor R N Ravi has invited Vice President Jagdeep Dhankar to inaugurate a meeting of state university Vice Chancellors in the Nilgiris district, sparking criticism from political parties, particularly the Left, who have urged a boycott. The meeting comes in the wake of the Supreme Court ruling in favor of the Tamil Nadu government regarding the appointment of Vice Chancellors, which has stripped the Governor of his previous authority as Chancellor. The Governor, however, maintains his right to convene the meeting, highlighting the ongoing power struggle between the Governor and the state government. The meeting is scheduled for April 25 and 26.
'What does Indira Gandhi want from me? At this age, what will I do to her?'
The Appointments Committee of the Cabinet has also approved the appointment of PK Mishra, who was additional principal secretary to the prime minister, as principal secretary to the prime minister with effect from September 11.
In his resignation letter, Kishor stated that as he decided to take a temporary break from an active role in public life, he will not be able to discharge his duties as the principal advisor to the Punjab CM.
The Delhi high court has directed Organiser magazine to remove from its website an "offending" and prima facie "defamatory" article with allegations of sexual intimacy and exploitation of nuns and Hindu women associated with a church by the principal of a Christian minority school in New Delhi.
'If his health was good he would have become CM again after polls.' 'Those who are with Nitish Babu today will remain with him till the elections to use his name for votes and would definitely play games with him after the polls.'
A General Motors-backed Cadillac entry will become Formula One's 11th team next year after securing formal approval from the commercial rights holders and governing FIA on Friday.
At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.
The Madhya Pradesh High Court will decide whether Jain individuals can seek relief under the Hindu Marriage Act, including divorce by mutual consent. This decision stems from a family court's refusal to accept a divorce petition from a Jain software engineer, citing the community's minority status. The high court appointed an amicus curiae to assist in the case, and the next hearing is scheduled for March 18.
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
'Will the LG be ready to rule with a light hand, having been vested with powers that amount to using a hammer to kill a fly?' asks Aditi Phadnis.
The "construct of the DPDP Act" cannot be changed at this stage, though there may be some minor tweaks in the language of the Rules and formats in certain legitimate cases.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
AIADMK general secretary Edappadi K Palaniswami has asserted that alliances are formed only at the time of elections and declined to categorically say if his party would align with the BJP for the 2026 Assembly polls. Palaniswami met with Union Home Minister Amit Shah on Tuesday and brought to his attention several issues faced by Tamil Nadu, including the need for funds release, the implementation of the Godavari-Cauvery river linking plan, and a probe into the "TASMAC scam." He said that while the party would decide on an alliance at the time of the election, he did not rule out a tie-up with the BJP.
The ongoing tussle between the Nitish Kumar government and the Raj Bhavan further escalated with the Bihar education department inviting applications for the post of vice-chancellors (VC) in different universities days after Governor (Chancellor) Rajendra Vishwanath Arlekar's secretariat issued a similar advertisement.
Lakshman Prasad Acharya has been made the governor of Assam with the additional charge of Manipur while Gulab Chand Kataria has replaced Banwarilal Purohit as the governor of Punjab under major gubernatorial appointments, the Rashtrapati Bhavan has announced.
The investigators are unable to join several dots due to lack of evidence from the crime scene.
The transferred officers included 22 IAS, 79 IPS, 45 Bihar Administrative Service officers
The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.
IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. "As on September 30, 2024, the total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 38,082 crore," the status report said. This includes Rs 20,289 crore from monetisation of assets, Rs 8,140 crore from auto-debits, green entity principal servicing, NFB release and Rs 9,653 crore from interim distribution.
Modi has appointed P K Sinha, who superannuated as cabinet secretary on Friday, as Officer on Special Duty (OSD) in the Prime Minister's Office (PMO), he said.
The Meerut Conspiracy Case was aimed at curbing communist influence in India. However, it fueled nationwide sympathy, shaping the course of leftist politics in the country.
Ekka, who is embroiled in the controversy for allegedly signing official documents at a private place, was removed from the post following Bharatiya Janata Party's allegation of his conniving with middlemen.
India will get its first transgender college principal on June 9 when Manabi Bandopadhyay takes charge of Krishnagar Women's College in West Bengal's Nadia district.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
He had taken charge as the 25th director general of the Indian Coast Guard on July 19 last year.
Yadav said she initially felt like Eklavya in the BJP family but now (with this responsibility) she hopes to work like Arjuna.
