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MUMBAI: IndusInd Bank swung back to profit in the December quarter, reversing a September-quarter loss, but earnings stayed sharply lower year-on-year as the lender shrank its balance sheet and absorbed higher provisions. It posted a net profit of Rs 128 crore for Q3 FY26, against a Rs 437 crore loss in Q2. A year earlier,…
Tsuguhiko Kadokawa (Via Kyodo news) A Tokyo court on Thursday sentenced Tsuguhiko Kadokawa, the former chairman of publishing giant Kadokawa Corp., to a suspended prison term in a major bribery case linked to the Tokyo Olympics. The court ruled that Kadokawa approved illegal payments to a powerful Olympic official to secure sponsorship status for his…
Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…
Shankh Airlines is likely to begin flight operations in the first half of January with an initial fleet of three Airbus aircraft, focusing on connecting Lucknow with Delhi, Mumbai and other metro cities, Chairman Shravan Kumar Vishwakarma said on Tuesday. The airline will also operate flights to destinations across Uttar Pradesh in its first phase,…
Bangladesh Nationalist Party (BNP) chairperson and former Bangladesh Prime Minister Khaleda Zia died on early Tuesday at the age of 80. A dominant figure in the country’s politics for decades, Zia remained the key rival of Sheikh Hasina, the long-serving leader now living in exile in New Delhi after being forced to flee amid nationwide…
File photo: BNP acting chairman Tarique Rahman DHAKA: Former PM Khaleda Zia’s son and BNP acting chairman Tarique Rahman on Saturday completed formalities to enlist himself as a Bangladesh voter and obtain a national identity (NID) card, two days after his return from over 17 years of self-exile in London. The 60-year-old visited the Election…
Airtel has announced a new leadership structure as part of its succession strategy wherein Gopal Vittal, who has led the telecom giant for the last thirteen years, will transition to the role of Executive Vice Chairman. Further, Shashwat Sharma will take the reins as the Managing Director and CEO of Bharti Airtel India. The changes…
IndiGo’s chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits,…
CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada founders Miuccia Prada and Patrizio Bertelli, is set to assume…
NEW DELHI: Vice President C P Radhakrishnan’s first day as chairman of Rajya Sabha was marked by a warm welcome by treasury benches led by PM Narendra Modi and clashes between them and opposition as the latter raised the issue of ex-VP Jagdeep Dhankhar.PM praised Radhakrishnan’s contributions and said his rise from an ordinary background…
