In a stunning reversal of fortunes, IndusInd Bank reported a consolidated net loss of ₹2,329 crore for the final quarter of FY25, driven by massive provisioning linked to suspected accounting fraud. The fallout includes top-level resignations, a forensic probe, and disclosures pointing to internal control failures and the possible involvement of senior personnel. Once seen as a stable private-sector lender, the bank now faces a credibility crisis.

Microsoft is reinforcing its position at the forefront of the artificial intelligence revolution by integrating advanced AI coding agents into its GitHub platform. In a significant development unveiled at its annual software developer conference, the tech giant announced the addition of Anthropic’s AI coding agent—backed by Google—alongside its proprietary agent and another developed by OpenAI. This strategic move reflects Microsoft’s shift toward an open, multi-partner approach in the AI space, enhancing productivity tools for millions of developers worldwide.

India’s automotive component industry is expected to post a stable revenue growth of 7–9 percent in the current fiscal year, driven by sustained domestic demand in the two-wheeler and passenger vehicle segments, particularly utility vehicles. Despite domestic resilience, challenges loom on the global front—sluggish demand in the U.S. and European markets, coupled with potential new tariffs, pose a risk to export-driven firms. Aided by a shift toward higher-margin, tech-intensive products and a softening of input costs, operating margins are expected to hold steady.

In a remarkable display of growth and operational efficiency, Guwahati’s Lokpriya Gopinath Bordoloi International (LGBI) Airport closed the 2024–25 financial year with record-breaking passenger traffic, flight movements, and cargo volumes. Managed by Adani Airport Holdings Ltd, the gateway to Northeast India handled over 6.57 million passengers and nearly 46,500 aircraft movements—underscoring its expanding role in India’s aviation ecosystem.

In the world of Indian cinema, where every interaction between emerging talent and industry titans is scrutinized, actress Wamiqa Gabbi’s candid recollection of her first meeting with Shah Rukh Khan offers an unexpectedly human moment. As she prepares for the release of Bhool Chuk Maaf alongside Rajkummar Rao, Gabbi revisited what she described as a “very weird” encounter with the superstar during the muhurat ceremony of Baby John.

Renowned television actress Dipika Kakar, a familiar face in Indian households, recently shared a deeply personal health update that sent shockwaves through her fanbase. Diagnosed with a liver tumor roughly the size of a tennis ball, Kakar’s journey—marked by vulnerability, resilience, and unwavering optimism—offers a rare glimpse into the private struggles faced by public personalities. Initially misattributed to digestive discomfort, her condition was uncovered during filming for Celebrity MasterChef India, prompting an unexpected exit from the show.

Oil India Ltd., the state-run energy explorer, reported a 21 percent year-on-year decline in its net profit for the March quarter of FY25, driven primarily by weaker realizations from crude oil and natural gas. Despite the quarterly setback, the company posted record-high oil and gas output for the fiscal year and a 10 percent increase in annual net earnings. Capital expenditure more than doubled, underscoring Oil India’s aggressive investment strategy.

Tata Power has announced a leadership reshuffle as part of its strategic realignment toward clean energy. Effective June 1, 2025, Sanjay Banga—currently President of Transmission & Distribution—will assume the role of President-Renewables and also take charge as CEO and Managing Director of Tata Power Renewable Energy Ltd. The move follows the resignation of Deepesh Nanda, who stepped down due to personal reasons.

In a strategic move that underscores its deepening commitment to consumer-facing artificial intelligence, Google has officially released its AI-powered research tool, NotebookLM, as a native mobile app for Android, iOS, and iPadOS. The app, which was initially web-based and accessible only on desktops, is now available for download via the Google Play Store and Apple’s App Store. This expansion enables seamless on-the-go access to a powerful platform that transforms how users interact with research material, documents, and complex topics.

Huawei has launched a groundbreaking entry into the foldable computing market with the MateBook Fold Ultimate, a premium device that blends cutting-edge hardware, proprietary software, and a bold divergence from the Windows ecosystem. This 18-inch foldable laptop, running on Huawei’s HarmonyOS 5, is now available for pre-order in China and is poised to redefine how consumers perceive ultra-portable, productivity-driven devices. Priced between Rs. 2,85,000 and Rs.