IndusInd Bank faces scrutiny as auditors demand clarity on its derivative accounting discrepancy, potentially classifying it as fraud. The issue, involving losses near ₹2,000 crore, stems from differing accounting treatments in internal and external forex transactions. The bank’s board must…
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Airtel Africa has grown faster than its African peers consistently over time in the lucrative mobile money space, the reason analysts have repeatedly pitched the much awaited IPO of Airtel Africa’s mobile money business as a key business growth catalyst.
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A panel appointed by the regulator recommended easing limits on index and single-stock derivatives and doing away with the suggestion to impose a penalty in the event of a transgression in the trading limits. The plan to change the way…
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In a statement, the foreign ministers of the G7 countries said further military escalation poses a serious threat to regional stability.
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WTO chief Ngozi Okonjo-Iweala welcomes talks between US and Chinese officials this weekend as a “positive and constructive step toward de-escalation” in their trade war, a spokesperson said Friday. These are the highest-level talks between Beijing and Washington since US…
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Nirmala Sitharaman chaired a meeting with bank and insurance heads. The meeting addressed cyber security readiness due to border tensions. Banks were directed to stay alert and ensure uninterrupted services. They must audit cyber systems and designate officers for cyber…
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