IndusInd Bank on Thursday disclosed to the exchanges that a review of the bank’s microfinance business by the internal audit department (IAD) has found an incorrect recording of ₹674 crore as interest income over three quarters of FY25. The amount was fully reversed as of January 10.

The bank has also informed the exchanges that pursuant to receipt of a whistleblower complaint, the audit committee asked the IAD to review transactions recorded under “other assets” and “other liabilities”.

A hospital in southern Gaza says 54 people have been killed in overnight airstrikes on the city of Khan Younis.

An Associated Press cameraman in Khan Younis counted 10 airstrikes on the city overnight into Thursday, and saw numerous bodies taken to the morgue in the city's Nasser Hospital.

Tata Motors on Thursday said it has partnered with electric mobility solutions provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to sustainable mobility.

The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement.

US President Donald Trump has said that India has proposed zero tariffs on American goods as part of efforts to strike a new trade agreement with Washington. Speaking at a business gathering in Qatar, Trump claimed that India was “willing to literally charge us no tariff” on US exports, though he did not elaborate on the terms or sectors covered by the reported offer.

Trump has floated this idea before, however, the Government of India has not made any comments on Trump's remarks.

US President Donald Trump asserted that he spoke to Apple Inc CEO Tim Cook in Doha, Qatar and told him there is no need to construct factories in India unless it is to serve that market specifically.

“I had a little problem with Tim Cook yesterday,” Trump said of his conversation with the Apple chief executive in Qatar, where he is on a state visit.

Passenger vehicle wholesales got off to a positive start in fiscal 2025–26, registering nearly 4 per cent growth in April to 348,847 units.

Data released by the Society of Indian Automobile Manufacturers (SIAM) showed that two-wheeler performance disappointed in April — dropping by 16.7 per cent to 1.45 million units.

Amid escalating friction between the executive and the judiciary, President Droupadi Murmu has invoked Article 143 of the Constitution to seek the Supreme Court’s opinion on 14 key legal questions concerning the roles and powers of the President and Governors. These queries focus particularly on whether the top court can impose timelines on constitutional authorities for granting assent to bills, and the extent of its powers under Article 142 to ensure “complete justice".

The International Monetary Fund has disbursed a second tranche of $1.023 billion under the Extended Fund Facility programme for Pakistan, the central bank said on Wednesday.

The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan's upcoming budget as the visit of its mission to Islamabad was delayed due to security concerns in the region.

KPI Green Energy on Wednesday said its net profit more than doubled to Rs 104.18 crore in the quarter ended March 31, 2025, on account of higher revenues.

The company had posted a net profit of Rs 43.04 crore in the January-March period of the preceding 2023-24 financial year, the KP Group company said in a regulatory filing.

The Union Cabinet on Wednesday approved a semiconductor manufacturing facility by HCL and Foxconn under the India Semiconductor Mission.

“Already five semiconductor units are in advanced stages of construction. With this sixth unit, Bharat moves forward in its journey to develop the strategically vital semiconductor industry,” the government said.

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