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Fraud impact likely to be limited: IDFC First
Financial Express Kochi
|February 24, 2026
EMPLOYEES SUSPENDED; KPMG TO DO FORENSIC AUDIT
IDFC FIRST BANK on Monday said the %590-crore fraud at its Chandigarh branch is confined to a single location, involves employee collusion with third parties, and represents a conservatively assessed outer limit of financial impact.
The stock fell 20% intraday before recovering some losses to close 16% lower at ¥70.04 on the BSE. In a specially convened call for investors and analysts ahead of opening of the equity markets, Managing Director and CEO V Vaidyanathan said, “We will get to the bottom of this. We will spare no one”
Bu hikaye Financial Express Kochi dergisinin February 24, 2026 baskısından alınmıştır.
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Financial Express Kochi'den DAHA FAZLA HİKAYE
Financial Express Kochi
TN votes today, 4,023 candidates in fray
OVER 57.3 MILLION voters will decide the electoral fate of 4,023 candidates in the fray for the crucial Tamil Nadu Assembly elections on April 23, amid tight security and a massive crackdown by election
1 min
April 23, 2026
Financial Express Kochi
Tesla drives in new model, talks robots and more
FOR TESLA ENTHUSIASTS in India, there’s now more on the menu.
1 min
April 23, 2026
Financial Express Kochi
Talks underway to assess Mythos risks
THE RESERVE BANK of India (RBI) is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Anthropic's new artificial intelligence model Mythos, three sources said.
1 min
April 23, 2026
Financial Express Kochi
Microsoft to face UK class action
MICROSOFT MUST FACE a UK classaction trial over allegations it abused its dominant position in the market to overcharge businesses that used the Windows Server operating system and Azure, an antitrust tribunal has ruled.
1 min
April 23, 2026
Financial Express Kochi
Pixxel targets 100-satellite capacity in next one year
SPACE-TECH STARTUP PIXXEL is preparing to scale up its satellite manufacturing capacity as demand for its space infrastructure grows with plans to expand production from its current capacity of 20-25 satellites at a time to as many as 100 over the next one year.
1 mins
April 23, 2026
Financial Express Kochi
Why stable tech ecosystem will win the AI infrastructure race
FOR MUCH OF the twentieth century, the economic power of the Gulf was defined by oil.
3 mins
April 23, 2026
Financial Express Kochi
Jupiter Wagons' Vikash Lohia tops next-gen biz leaders list
JUPITER WAGONS' VIKASH LOHIA, a second-generation business leader, has topped the inaugural 2026 ASK Private Wealth Hurun India Successors 50, having multiplied his company's market cap 152.8 times in just six years.
1 min
April 23, 2026
Financial Express Kochi
Ola pivots to lower-cost batteries
OLA ELECTRIC'S RECENT stock movement suggests a recalibration in investor expectations with attention shifting from near-term sales volatility to the company’s battery roadmap.
1 min
April 23, 2026
Financial Express Kochi
Govt allows biofuel blending in jet fuel
LOWERING EMISSIONS
1 mins
April 23, 2026
Financial Express Kochi
SCHEME TO GUARANTEE UP TO 90% OF LOANS TO THE TUNE OF ₹100 CR Cabinet nod to ₹2.5-lakh-cr credit guarantee plan soon
THE UNION CABINET is likely to give its nod to the ₹2.5-lakh-crore credit guarantee scheme soon, to protect small businesses from the adverse impact of the war in West Asia.
2 mins
April 23, 2026
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