The ‘swift’ clean-up by the interim management of IndusInd Bank will help rebuild trust in the private sector lender, Ashok Hinduja, Chairman of its promoter grouping IIHL, said on Thursday. Photograph: Anushree Fadnavis/Reuters Hinduja also affirmed IIHL’s commitment to support
Diversified conglomerate ITC Ltd on Thursday posted a nearly four-fold jump in consolidated net profit to Rs 19,807.8 crore for the quarter ended March 31. Illustration: Dado Ruvic/Reuters It had reported a profit of Rs 5,013.18 crore in the year-ago
IndusInd Bank on Wednesday (May 21) said that its Board suspects a fraud involving certain employees, who played a significant role in the lender’s accounting and financial reporting, and has directed all necessary actions to be taken under applicable laws,
US stock indices opened mixed on Thursday after the House of Representatives cleared President Donald Trump’s tax bill, which is expected to burden the country with trillions in debt. At the opening bell, the Dow Jones Industrial Average fell 96.8
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Photograph: PTI Photo from the Rediff Archives Most of these companies — such as Persistent Systems,
There’s no change in Apple Inc’s India strategy, said a top government source. ‘It can only be enhanced’. Photograph: Abdul Saboor/Reuters Just days after Apple Inc CEO Tim Cook had announced in a post-earnings analyst call that a majority
Fraud-hit IndusInd Bank on Wednesday reported a Rs 2,329 crore loss for the March quarter, its worst performance ever, as the interim management opted to go for a deep-clean exercise beyond recognising the impact of wrong accounting practices. Photograph: Anushree
InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. Photograph: Danish Siddiqui/Reuters The company’s profit after tax in
The National Stock Exchange of India (NSE) on Wednesday (May 21) announced the exclusion of futures and options (F&O) contracts on five listed securities in accordance with SEBI’s revised eligibility norms. The move will come into effect from August 1,
Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill. At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The
