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.
IT services firm Infosys has said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."
Puri said Pakistan was a country in "terminal decline" periodically using terrorism as an instrument of state policy.
After a perilous 500-km road journey out of conflict-torn Tehran, stranded Indian tourist Falguni Dey reached Iran's Astara border with Azerbaijan on Tuesday evening, but his ordeal is far from over.
Xabi Alonso has signed a three-year contract until June 2028 and the 43-year-old replaces Carlo Ancelotti, who took charge of his last game on Saturday.
A thunderstorm accompanied by heavy rain battered Delhi overnight, disrupting flight operations, uprooting trees and electricity poles, and causing waterlogging in several areas while bringing relief from stifling heat. The sudden change in weather led to a sharp drop in mercury with the city recording a minimum temperature of 19.8 degrees Celsius, 6.9 notches below the normal. The India Meteorological Department said the city's primary weather station at Safdarjung recorded winds gusting up to 82 kmph and 81.2 mm of rain in six hours -- between 11.30 pm and 5.30 am.
Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.
The two accused had been on the run for more than two years and also had non-bailable warrants issued against them by the NIA special court, Mumbai.
Mumbai International Airport (MIAL) has proposed a significant increase in User Development Fee (UDF) for international passengers, while domestic passengers will be charged a UDF for the first time. However, MIAL also proposed a 35% reduction in landing and parking charges, aiming to balance infrastructure development with cost-effective air travel for airlines. The new tariff structure is subject to approval by the Airport Economic Regulatory Authority (AERA).
'Such a remark does not behove the Prime Minister. Also, you have brought the country's youth to this point. There are no jobs. The only option is to fix punctures or sell fritters. Muslims don't just make punctures. I can list what Muslims have made'
The DGCA has issued multiple fines and warnings to Air India over the past three years, flagging serious concerns in flight operations, cockpit discipline, and internal accountability.
Trump made it clear he had no plans to speak with Musk anytime soon, stating, "I'm too busy doing other things," and added, "I have no intention of speaking to him," NBC News reported.
'I prefer not to speak before the Hong Kong tie,' Marquez told Hindustan Times in a WhatsApp message on Monday.
'Violating the terms of your student visa can result in revocation, deportation and even long-term ineligibility for future US visas,' says the US embassy in India.
'According to JP, Indira Gandhi was not much of a danger to democracy. He said, it was Sanjay Gandhi and his gang.'
Meanwhile, only three runways are operational at the airport now as one runway is closed for maintenance works.
The Supreme Court has extended the services of terminated teachers in West Bengal who were found untainted by the CBI, providing relief to the state. The court did not, however, extend the services of grade 'C' and 'D' employees of state-run and aided schools. The court directed the state government to start the recruitment process by May 31 and conclude it by December 31.
As pipes played and ceremonial commands echoed across the parade ground, a subtle but sharp undertone ran beneath the pride -- the knowledge that these young men may soon be called to act in a world where real-time threats blur the lines between battlefield and cyberspace.
Some of the top cricketers are contemplating terminating their central contracts with the Pakistan Cricket Board after some were refused NOCs to go and play in foreign T20 leagues.
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.
GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.
Air India has terminated the services of a trainer pilot for lapses during simulator training. Ten pilots who underwent training under the trainer pilot have been removed from flying duties pending investigation. The action follows a whistleblower complaint alleging that the trainer pilot failed to properly discharge his duties. Air India conducted a detailed probe and corroborated the allegations. The airline voluntarily reported the matter to the Directorate General of Civil Aviation (DGCA) and commended the whistleblower for coming forward.
The Indian government defended its decision to revoke the security clearance of Turkey-based Celebi without warning, citing an "unprecedented" threat to aviation security. Solicitor General Tushar Mehta argued that giving a hearing or reasons before taking action would "defeat the purpose" in matters of national security. The decision came after Turkey backed Pakistan and condemned India's airstrikes on terror camps in the neighboring country. Celebi, which operates at nine Indian airports, has challenged the government's move in court.
Over 75 government employees with terror links have been dismissed so far by the LG administration.
Elon Musk's Starlink has got licence for satcom services in India, according to sources.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.
The West Bengal Board of Secondary Education (WBBSE) has appealed to the Supreme Court to modify its order annulling over 25,000 jobs in schools. The board argues that the termination of 11.3% of existing teachers would have a devastating impact on schools in the state and impact the education of over 78.6 lakh students. The WBBSE is seeking to allow untainted candidates to continue in service until the end of the academic year or until the process of fresh appointments is concluded, whichever is earlier.
West Bengal Chief Minister Mamata Banerjee on Monday pledged to protect the rights of 'eligible candidates' who lost their jobs after a recent Supreme Court verdict, evoking mixed responses from the affected teachers, thousands of whom turned up to hear the leader speak but remained dangling between hope and despair after she finished.
Tourists hesitant to visit America due to frequent policy changes there.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
Modi alleged that the Congress government in Karnataka gave reservations in tenders based on religion, "snatching the rights of SCs, STs and OBCs." But Ambedkar had said there would not be reservation based on religion and there is a bar on giving reservation on the basis of religion in the Constitution, he stressed.
Indian students at Harvard, on condition of anonymity, shared their concerns and experiences of the last few months during which the prestigious university has seen relentless attacks by the Trump administration.
An inconclusive end to this war will pose high risk for Netanyahu of a cascading demand for a regime change in Israel, predicts Ambassador M K Bhadrakumar.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
Harvard University has filed a lawsuit against the Trump administration over its decision to revoke the university's certification to enroll foreign students. The lawsuit claims that the government's action is unlawful and unwarranted and that Harvard is not Harvard without its international students. The university argues that the government's decision will have a devastating effect on Harvard and its thousands of international students. The lawsuit comes a day after the Trump administration ordered the Department of Homeland Security to terminate Harvard University's Student and Exchange Visitor Program (SEVP) certification.
Though Uber functions as a cab aggregator, the Delhi state commission ruled it should ensure timely and reliable delivery of services offered through its platform.
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.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
'We've been talking during this week and now it's the right moment to announce it.'
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