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IndusInd Bank says 'legacy issue behind us'; profit falls 68%

The New Indian Express Mangaluru

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July 29, 2025

INDUSIND BANK, which had reported an internal accounting error of more than ₹2,340 crore in the past quarter, on Monday posted a whopping 68% decline in standalone net profit year-on-year to ₹684 crore as provisions zoomed.

- BENN KOCHUVEEDAN @ Mumbai

The Hindujas-promoted bank's provisions zoomed 68% and income steeply declined. On a consolidated basis, net profit fell 72% YoY to ₹604 crore, as per the company's statement released on Monday. Despite all-round poor show, brokerages said the numbers are much better than they had pencilled in given bad set of numbers it had reported in the previous quarter. The management led by non-executive chairman Sunil Mehta and interim executive committee led by Soumitra Sen and Anil Rao, told a

FLERE HISTORIER FRA The New Indian Express Mangaluru

The New Indian Express Mangaluru

PK SAYS BJP FORCING HIS CANDIDATES TO OPT OUT OF CONTEST

JAN Suraaj Party (JSP) founder Prashant Kishor on Tuesday launched a scathing attack on BJP alleging that three of his party candidates for the upcoming Bihar Assembly elections withdrew their nominations under “pressure” from the ruling party.

time to read

1 min

October 22, 2025

The New Indian Express Mangaluru

The New Indian Express Mangaluru

7 Punjab youths duped in Kazakhstan, appeal for help

SEVEN young men from Punjab’s Ropar district are stranded in Kazakhstan after a local travel agent allegedly duped them by promising high-paying jobs as drivers.

time to read

1 mins

October 22, 2025

The New Indian Express Mangaluru

10 months on, NMC yet to act against 30 docs for 'sponsored' foreign trips

THE National Medical Commission (NMC) is yet to take any action against 30 doctors who accepted free trips to Monaco and Paris worth ₹1.91 crore last year, despite the Department of Pharmaceuticals (DoP) recommendations that action should be taken against them for violating professional misconduct.

time to read

1 mins

October 22, 2025

The New Indian Express Mangaluru

Two dons-turned-politicians draw battle lines on Mokama poll turf

BATTLE lines have been drawn in Bihar’s Mokama assembly constituency ahead of the first-phase polls on November 6, as two don-turned-politicians, Anant Singh and Surajbhan Singh, prepare for a high-octane electoral clash.

time to read

2 mins

October 22, 2025

The New Indian Express Mangaluru

WASTE LAND: A NATION OF LANDFILLS

SOME years ago, I was editing a newspaper in Mumbai and we ran a report on the city’s eternal garbage problem.

time to read

3 mins

October 22, 2025

The New Indian Express Mangaluru

Paraglider from Canada found dead, Australian rescued in HP

A 27-year-old Canadian paraglider, Megan Elizabeth, was found dead after going missing from the high mountains of the Dhauladhar range, while a 47year-old Australian paraglider, Jacob, was rescued in the last 48 hours.

time to read

1 min

October 22, 2025

The New Indian Express Mangaluru

Winter blackouts loom as Russia targets Kyiv’s grids

AS the lights went out in her hometown, 40-year-old Zinaida Kot could not help but think about her next dialysis treatment for kidney disease. Without electricity, the machine that keeps her alive stops working.

time to read

1 min

October 22, 2025

The New Indian Express Mangaluru

The New Indian Express Mangaluru

Speaker appoints lawyer to assist panel probing Justice Varma graft case

LOK Sabha Speaker Om Birla has appointed advocate Karan Umesh Salvi as a consultant to assist the judges’ inquiry committee investigating allegations of corruption against Justice Yashwant Varma.

time to read

1 min

October 22, 2025

The New Indian Express Mangaluru

EC: Print ads a day before or poll date need pre-certification

AHEAD of assembly polls in Bihar, the Election Commission of India (ECI) on Tuesday issued an order saying to ensure a fair campaign environment, no party, candidate, organisation or person shall publish any advertisement in print media on poll day and one day prior to the poll day, unless the contents are pre-certified by the Media Certification and Monitoring Committee.

time to read

1 min

October 22, 2025

The New Indian Express Mangaluru

Ladakh reps called for talks with MHA

IN a significant thaw after months of impasse, Ladakh's key agitators are set to resume talks with the Centre, with an eight-member delegation from the Leh Apex Body (LAB) and Kargil Democratic Alliance (KDA), alongside MP Haji Haneefa Jan, scheduled to engage a Ministry of Home Affairs (MHA) subcommittee on October 22 in New Delhi.

time to read

1 min

October 20, 2025

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