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Will infuse more equity if needed: IndusInd promoter

The New Indian Express Thrissur

|

May 23, 2025

THE promoters of crisis-hit IndusInd Bank have assured investors and depositors that they remain committed to supporting the bank if there is a need for more equity infusion.

- DIPAK MONDAL @ New Delhi

"Though capital adequacy of the bank is healthy, for business growth, should further equity be required, IIHL, as the promoter Bank, remains committed to supporting the bank, as it has done over the past 30 years," said Ashok P Hinduja, chairman, IndusInd International Holdings, promoter of the bank.

The bank reported a net loss of ₹2,329 crore in Q4FY25 due to higher provisions for derivative losses. This is the first time in 19 years the bank has reported quarterly losses.

MEER VERHALEN VAN The New Indian Express Thrissur

The New Indian Express Thrissur

Govt seeks legal advice on SC order to provide relief in VIL AGR dues

THE government is seeking legal advice on the Supreme Court's order to provide relief on Vodafone Idea's additional gross revenue (AGR) dues, said a senior official from the Department of Telecommunications (DoT).

time to read

1 min

October 31, 2025

The New Indian Express Thrissur

The New Indian Express Thrissur

Groww sets price band at ₹95-100 for ₹6,632 cr IPO, issue opens on Nov 4

BILLIONBRAINS Garage Ventures, parent company of largest online investment platform Groww, has set price-band at ₹95-100 for its ₹6,632 crore (at the upper end) initial public offer (IPO).

time to read

1 mins

October 31, 2025

The New Indian Express Thrissur

Canada will release stamp to honour service of Sikh soldiers in armed forces

‘THE Canadian government will release a commemorative stamp on Sunday during the 18th Annual Sikh Remembrance Day to honour over 100 years of service by Sikh soldiers in the Canadian armed forces.

time to read

1 mins

October 31, 2025

The New Indian Express Thrissur

HC slams Soren govt over HIV cases among kids from blood transfusion

THE Jharkhand HC on Thursday pulled up officials after reports surfaced of children testing HIV positive following blood transfusions in a government hospital in West Singhbhum.

time to read

1 min

October 31, 2025

The New Indian Express Thrissur

Fading charm: Tourists give Naini lake a miss

DESPITE the state government’s efforts to boost tourism under the ethos of “Atithi Devo Bhava” (The Guest is God), the lake town of Nainital is failing to draw back its once-flourishing community of foreign visitors.

time to read

1 mins

October 31, 2025

The New Indian Express Thrissur

DEBATE & DISSENT, THE INDIAN WAY

NDIA is often praised for its spirituality, poetry, and devotion. What is less known, and usually deliberately forgotten, is that it also built one of the world’s strongest cultures of reasoning.

time to read

3 mins

October 31, 2025

The New Indian Express Thrissur

BSNL achieves 93% revenue target in Q2 at ₹5,347 crore, says Scindia

STATE-owned Bharat Sanchar Nigam Limited (BSNL) achieved a 93% revenue run rate in Q2, with collections of ₹5,347 crore against a target of ₹5,740 crore, said the Minister of Communication Jyotiraditya Scindia on Thursday.

time to read

1 mins

October 31, 2025

The New Indian Express Thrissur

IIT-M prof to lead CBSE expert panel to develop AI curriculum for Class 3

THE Central Board of Secondary Education (CBSE) has constituted an expert committee chaired by IIT-Madras professor Karthik Raman to develop a curriculum for artificial intelligence and computational thinking (AI & CT) for Class 3 students. The education ministry recently decided that this subject would be introduced from the foundation level for students from the academic year 2026-2027.

time to read

1 mins

October 31, 2025

The New Indian Express Thrissur

MEIL buys 250-mw TN power unit

MEIL Energy, a wholly-owned subsidiary of Megha Engineering & Infrastructures, has acquired 100% stake in Taqa Neyveli Power Company from Abu Dhabi National Energy Company, for reported 387 million dirhams, or about ₹926 crore.

time to read

1 min

October 31, 2025

The New Indian Express Thrissur

Trailblazers and Next-gen leaders, the South Africa story

NADINE de Klerk was running in to bowl the third delivery of the 43rd over at the ACA Stadium in Guwahati.

time to read

1 mins

October 31, 2025

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