financial impact News

IndusInd Bank Faces Rs 1,979 Cr Hit Due to Derivative Portfolio Accounting Lapses: What Went Wrong?

IndusInd Bank discloses a Rs 1,979 crore impact on its net worth due to derivative portfolio accounting lapses, with external audits underway to identify causes and remedial measur...

Income Tax Department Imposes Hefty Rs 944 Crore Penalty on IndiGo's Parent Company

InterGlobe Aviation, IndiGo's parent company, faces a Rs 944.2 crore penalty from the Income Tax department for 2021-22. The company disputes the order as erroneous and plans legal...

Ho Chi Minh City's Short-Term Rental Ban Leaves Airbnb Investors Fearing Financial Ruin

Ho Chi Minh City's ban on short-term apartment leases has left Airbnb investors and property owners facing financial uncertainty. With significant investments at risk, the market m...

Boeing CFO Raises Alarm Over Tariff Impact on Aircraft Parts Supply Chain

Boeing's CFO, Brian West, expressed concerns over the potential disruptions caused by President Trump's tariffs on the supply of aircraft parts, while also noting a $150 million an...

Boeing CFO Raises Alarm Over Tariff Impact on Aircraft Parts Supply Chain

Boeing CFO Brian West expressed concerns over the impact of President Trump's tariffs on the aircraft parts supply chain, highlighting a $150 million charge in Q1 but reassured sho...