News

IndusInd Bank has refuted media reports claiming PwC submitted a report to its board, clarifying the situation in an official statement. Meanwhile, the Reserve Bank of India (RBI) has reassured the public that IndusInd Bank remains well-capitalized and its financial position is stable, despite recent concerns regarding accounting irregularities.

The Karnataka High Court has imposed a six-week suspension on bike taxi services provided by platforms like Ola, Uber, and Rapido until the state government crafts regulations under the Motor Vehicles Act, 1988. This decision follows concerns over safety issues and the ineffective rollout of the electric bike taxi incentive scheme, amid ongoing operational and legal challenges in the region.

Vodafone Idea will issue ₹36,950 crore worth of new equity shares, boosting the government's stake in the telco from 22.60% to approximately 48.99%. This equity conversion, part of the 2021 telecom relief package, comes as a strategic measure to alleviate financial pressures while maintaining operational control with the original promoters.

A Delhi court denied interim bail for AAP Chief Minister Arvind Kejriwal in connection with an excise policy case, extending his judicial custody until mid-June and scheduling further bail hearings. The court also ordered mandatory medical tests for Kejriwal while considering his next bail plea, following earlier detentions and judicial proceedings linked to a money-laundering case.

The Bharatiya Janata Party (BJP) has distanced itself from its Mandi MP Kangana Ranaut's remarks about the farmers' agitation and asked her to refrain from making such statements in the future. The party clarified that Ranaut is not authorized to speak on policy matters on behalf of the BJP and her comments do not reflect the party's stance.