IndusInd Bank has been hit by a major whistleblower disclosure, with a former top executive alleging treasury-related irregularities running into Rs 2,600 crore over more than a decade. The episode began with a letter dated August 26, addressed to the Prime Minister’s Office, by Gobind Jain, the bank’s former Chief Financial Officer. In his communication,…
The news follows the enacting of Online Gaming law, which bans real-money games such as fantasy sports — both skill based and luck based. The law also bans advertising, promotion and sponsorship of such platforms. In other words, this also renders Dream11’s association with the country’s cricket legally untenable. The developments comes as the country…
Aviation News: The government on Thursday said that the Directorate General of Civil Aviation (DGCA) had issued four show-cause notices to Air India over 29 violations. These violations are addressed as per the Enforcement Policy and Procedure Manual of DGCA. A few instances of systematic issues were observed post-merger of Vistara and Air India, said Minister…
Real estate major Godrej Properties has seen its net debt rise sharply by 42 per cent in the June quarter (Q1 FY26) to Rs 4,637 crore, compared with Rs 3,269 crore in the same quarter of the previous financial year. The increase comes as the company continues to aggressively expand its housing portfolio to tap…
Sterling & Wilson Renewable Energy Ltd (S&W) has filed separate complaints with the Securities and Exchange Board of India (SEBI) against Embassy Office Parks REIT and WeWork India. They accuse both companies of withholding important information from investors. According to the chargesheet, the complaint filed on 22 July is related to a Rs 100 crore…
HAL Q1 Results: Shares of Hindustan Aeronautics Ltd. (HAL) recovered in trade on Tuesday after the state-owned defence major reported its earnings for the quarter ended June 30, 2025. While net profit declined 4 per cent year-on-year to Rs 1,377 crore, the figure came in higher than analysts’ expectations, with operating margins surprising on the upside….