Sunday, October 18
Following the May 10 understanding between India and Pakistan on cessation of hostilities, it was decided to continue the confidence building measures to reduce the alertness level, Indian officials said on Thursday. The clarification came after Pakistan military said the understanding on ending the hostilities has been extended until May 18. "Further to the understanding between the two DGMOs (Directors General of Military Operations) on May 10, it has been decided to continue the confidence building measures so as to reduce the alertness level," an Indian Army official said. "As situation develops further, we shall intimate you," he said.
Adani Airport Holdings has terminated its newly-formed partnership with Chinese company DragonPass, a platform offering airport lounge access services, just a week after the association began. The decision is effective immediately, the company said in a statement on Thursday. “Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports," a spokesperson for Adani Airport Holdings said. This change will have no impact on the airport lounge and travel experience for other customers, they added.Also Read: Govt revokes security clearance for Turkish ground handling firm Celebi Airport ServicesThe company did not elaborate on the reasons for the abrupt
The IndusInd Bank on Thursday said that the lender's Internal Audit Department report showed that it had incorrectly recorded Rs 674 crores as interest for three quarters of fiscal 2025.The report, submitted on May 8, also found unsubstantiated balances aggregating to Rs 595 crore in "other assets" accounts of the bank, the Hinduja Group-owned lender said."The IAD has since submitted its report on May 8, 2025. Based on the report, it is noted that a cumulative amount of Rs. 674 crores was incorrectly recorded as interest over three quarters of FY 24-25, which was fully reversed as on January 10, 2025," said the bank in a stock exchange filing.The new accounting lapses were reported by The Economic Times in its May 15th edition. ET had reported that the a whistle‑blower letter, sent to th
