IndusInd Bank posts record Rs 2,329 cr Q4 loss amid deep cleanup, leadership crisis

Representative image (Picture credit: IANS) Fraud-hit IndusInd Bank on Wednesday posted a record net loss of Rs 2,329 crore for the March quarter, its worst-ever performance, after the lender took a series of one-time hits to clean up its books and recognise past accounting lapses. The heavy quarterly setback followed deep-rooted governance failures, incorrect reporting…

Read More

First quarterly loss for IndusInd Bank in 19 years

MUMBAI: IndusInd Bank reported a quarterly loss of Rs 2,236 crore for the three months ending March 2025, reversing a net profit of Rs 2,346 crore in the same period a year earlier. It was the bank’s first quarterly loss since March 2006.This disclosure follows the abrupt exits of its chief executive and his deputy…

Read More

New Income tax bill: Get one-time set off of long-term capital loss against short-term capital gains from tax year 2026–27

A one-time tax relief proposed under the new Income Tax Bill, 2025 could significantly reduce capital gains tax liabilities for many individual taxpayers. The new Income Tax bill allows long-term capital losses (LTCL) incurred up to March 31, 2026, to be set off against any short-term capital gains (STCG) from tax year 2026–27 onwards. This…

Read More

Donald Trump ally seeks H-1B visa curbs after US announces crackdown on illegal immigration-linked Indian travel agents

Donald Trump’s ally Laura Loomer called for restrictions on H-1B visas after the US banned Indian travel agents accused of illegal migration.Loomer, a vocal critic of immigrant employment, posted on X: “Let’s go. Now do the H1B visas. Thank you for your attention to this very important matter!”Her remarks come after the US government implemented…

Read More