Crime Today News
IndusInd Bank has disclosed that a cumulative amount of ₹674 crore was incorrectly recorded as interest over three quarters of FY25 in its microfinance institution (MFI) business and that there were unsubstantiated balances aggregating to ₹595 crore in its “other assets” accounts The aforementioned disclosures have been made by India’s fifth largest private sector lender following its Internal Audit Department (IAD) submitting a report on May 8.
American private equity giant TPG on Thursday sold shares of Onesource Specialty Pharma for nearly Rs 139 crore through an open market transaction by selling 8.84 lakh shares at an average price of ₹1,568.04. Details of the buyers of Bengaluru-based Onesource Specialty shares could not be ascertained on the BSE.
Infosys has expanded its strategic collaboration with DNB Bank ASA (DNB), Norway’s largest bank, to accelerate the bank’s digital transformation. The collaboration will leverage company’s services, solutions, and platforms, including the Infosys Finacle platform to accelerate their IT modernization journey, improve resilience, and deliver enhanced customer experience.
Shraddha Prime Projects has received IOD (Intimation of Disapproval) for one of its largest redevelopments project ‘Shraddha Paradise Enclave’ in Central Suburbs-Mulund West, having Carpet Area of over Residential –1,28,921 Sq. Ft. & Commercial–29,588 Sq. Ft with a potential to generate revenue of approximate ₹420 crore in the next 5 Years. This project will be a multi-storied high-rise tower and shall be developed as per Development Control Planning Regulation (DCPR) 2034, under 33(11) Scheme which will fetch additional benefits by way of higher FSI for the Project.
Vipul Organics has opened a Sales Office in the United States of America. After receiving the local approvals, all the necessary procedures have been completed and the office has been registered under the name Vipul Organics USA Inc. Based at the State of Delaware, this office will give a boost to the sales and marketing efforts of the company in USA as well as Central American Countries. In addition, stocks will be maintained at a warehouse that will ensure immediate deliveries to the customers.
GPT Infraprojects has secured order worth Rs 32.29 crore from Eastern Railway, Kolkata for manufacture and supply of Mono Block Pre-Stressed Concrete Line Sleeper. Earlier, the company had secured order worth Rs 481.11 crore from CAO Construction, South Eastern Railway, Kolkata.
JK Tyre & Industries on Thursday said it has commenced production of passenger car tyres using ISCC Plus certified sustainable raw materials at its Chennai-based manufacturing plant. The company has initiated production of UX Royale Green tyres at the plant.
The Adani group has terminated its association with China-based lounge access provider DragonPass. This follows criticism over the company’s tie-up with Chinese company in the backdrop of terror attack at Pahalgam and Operations Sindoor.
The board of JSW Energy, while considering Q4 and FY25 results, has allso approved a fund-raising plan of up to ₹10,000 crore through one or more tranches via private offerings, preferential allotment, qualified institutional placement (QIP), or a combination of methods, subject to regulatory and shareholders’ approvals.
Alkem Laboratories has informed the exchanges about a cyber security breach at Enzene Biosciences Ltd, a wholly owned subsidiary of the company. The incident involved the compromise of business email accounts belonging to certain employees, resulting in the fraudulent transfer of funds. The company stated that the total amount affected by the fraud is currently under investigation. The company has engaged independent external agencies to carry out a thorough inquiry into the breach.
The board of Bajaj Auto has approved an additional capital infusion of €125 million (₹1,199.92 crore) to Bajaj Auto International Holdings BV (BAIH BV), a wholly owned subsidiary to support its investment opportunities. The Netherlands-based entity plays a key role in Bajaj Auto’s global expansion strategy, and this funding reinforces its commitment to international growth.
Results Calendar: Ashok Leyland, Aro Granite, BHEL, BMW, CreditAccess Grameen, Delhivery, Dhampur Sugars, Dhanuka Agritech, EIH Associated Hotels, Emami, Eureka Forbes, ESAF Small Finance Bank, Galaxy Surfactants, GIC Housing Finance, Gujarat Alkalies and Chemicals, Heritage Foods, Hyundai Motor India, India Glycols, IOL Chemicals & Pharmaceuticals, Jubilant Pharmova, Kalpataru Projects International, KRBL, NESCO, Nava, Nucleus Software Exports, Ratnamani Metals & Tubes, Reliance Infrastructure, Repco Home Finance, Sammaan Capital, Shipping Corporation of India, S H Kelkar and Company, Sterlite Technologies, Texmaco Rail & Engineering
Published on May 16, 2025
This article first appeared on The Hindu Business Line
📰 Crime Today News is proudly sponsored by DRYFRUIT & CO – A Brand by eFabby Global LLC
Design & Developed by Yes Mom Hosting
