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Shares of IndusInd Bank ended flat on Friday after dropping nearly 6 per cent earlier in the day as the firm said its Internal Audit Department (IAD) found "unsubstantiated balances" of Rs 595 crore in "other assets" of its balance sheet, and has also examined the roles of key employees in this lapse.
The stock tanked 5.68 per cent to Rs 735.95 during the morning trade on the BSE. Later, at the fag-end of the trade, the stock managed to settle in the green, up 0.26 per cent at Rs 782.30.
At the NSE, shares of the firm ended at Rs 784.70, up 0.53 per cent after dropping 3.90 per cent to Rs 750 in morning trade.
In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances appearing in "other liabilities" accounts.
It said following receipt of a whistleblower complaint, the IAD was asked by the audit committee of the board to review transactions recorded in "other assets" and "other liabilities". This was in ...

In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances appearing in other liabilities accounts

Tube Investments of India Ltd has reported a consolidated profit after tax of Rs 158.19 crore for the January-March 2025 quarter, the company said on Friday.
The company, part of the city-based diversified conglomerate, Murugappa Group, had registered a net profit of Rs 274.46 crore during the corresponding quarter of last year.
For the year ending March 31, 2025 the profit after tax stood at Rs 1,054.29 crore, as compared to Rs 1,732.99 crore registered in the year-ago period, a press release said.
The consolidated total income for the quarter under review grew to Rs 5,308.21 crore, from Rs 4,573.48 crore registered during the corresponding quarter of the last fiscal.
For the financial year ending March 31, 2025 the total income stood at Rs 19,835.71 crore, as against Rs 17,142.04 crore registered in the year-ago period.
The Board of Directors has recommended a final dividend of Rs 1.50 per share for the financial year 2024-25. An interim dividend of Rs 2 per share was declared i

For the financial year ending March 31, 2025 the total income stood at Rs 19,835.71 crore, as against Rs 17,142.04 crore registered in the year-ago period

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Prime Minister Narendra Modi will chair NITI Aayog's Governing Council meeting on May 24, according to official sources.
The agenda of the meeting is being firmed up, they said.
The governing council -- the apex body of NITI Aayog -- includes all chief ministers, lieutenant governors of Union Territories, and several Union ministers.
Modi is the Chairman of NITI Aayog.
Generally, the full council meeting happens every year and last year it was held under the chairmanship of Modi on July 27.
The first meeting of the council took place on February 8, 2015.

The governing council -- the apex body of NITI Aayog -- includes all chief ministers, lieutenant governors of Union Territories, and several Union ministers

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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