Monthly Archives: October 2018

Higher provisioning impacts IndusInd Bank Q2 net profit

IndusInd Bank Ltd. reported a lower than expected net profit of Rs. 920.25 crore for the second quarter ended September 30, 2018 as compared with Rs. 880.10 crore in the year-earlier period on account of one-off prudential contingency provision of Rs. 275 crore. According to analysts the Rs. 275 crore …

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Higher food prices drive wholesale inflation to 5.13%

Wholesale inflation accelerated to 5.13% in September, driven in large part by quickening inflation in the primary articles segment and stabilising food prices, according to official data released on Monday. Growth in the Wholesale Price Index quickened in September from 4.53% in August. Inflation in the primary articles category stood …

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NCLAT breather for IL&FS, subsidiaries

Infrastructure Leasing and & Financial Services (IL&FS), which is in the midst of a huge liquidity crisis, has got a one-month relief from proceedings filed against the company by banks and other creditors as the National Company Law Appellate Tribunal (NCLAT) has stayed all such proceedings against the company and …

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Bangladesh editors protest ‘anti-press’ law

Bangladeshi newspapers’ editors on Monday staged a protest demanding sweeping amendments to a newly-enacted digital law that journalists and rights groups say will curb freedom of expression. Critics say the measures — including prison sentences for spreading “negative propaganda” — are an attempt by an increasingly autocratic Prime Minister Sheikh …

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Bhutan’s not-so-happy evicted minority

The Himalayan nation of Bhutan, often described as a “Shangri-La” where happiness is equated to wealth, is holding elections this week. But the Lhotshampa people, brutally driven out of the small kingdom in the 1990s, won’t be voting. The Nepali-speaking Lhotshampa were branded as immigrants and stripped of citizenship rights …

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