Devina Sengupta

Mumbai, Southern Asia

Deputy Editor at Mint

HR/Workplace/EdTech reporter @Livemint . Past @EconomicTimes. Storyteller via print/podcast/video & 🧵📧[email protected]

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Articles

HT Syndication: How IndusInd spotted a Rs.600-crore error in its microfinance book

1 week ago | htsyndication.com | Shayan Ghosh |Devina Sengupta

New Delhi, May 6 -- IndusInd Bank's statutory auditors were reviewing the lender's latest quarterly numbers when they noticed something amiss: the bank had bunched interest income from many microfinance loans together, instead of making individual entries for them. The auditors flagged the matter to the lender, uncovering a Rs.600 crore discrepancy, three people aware of the matter said.
How IndusInd spotted a ₹600-crore error in its microfinance book

1 week ago | livemint.com | Shayan Ghosh |Devina Sengupta

On 22 April, the bank said its internal audit department is reviewing its microfinance business to “examine certain concerns which have been brought to the bank’s attention". IndusInd said it had appointed Big Four auditor EY to assist in reviewing these records. “When auditors looked at the documents, they realized that these were shown as just a handful of accounts instead of separate entries for every loan.
Mark My Worth: Who called you a top performer-and then shrunk your hike?

1 week ago | livemint.com | Devina Sengupta

Today, it’s all digital. Appraisal letters land in your inbox, and a discreet peek at your screen is all it takes. But one thing hasn’t changed: the sinking feeling when the numbers just don’t add up. Top rating? Check. Extra effort? Check. So why doesn’t your pay reflect it? In this post, Mark My Worth decodes the math (and the mystery) behind shrinking increments—even when the performance rating looks stellar.
HT Syndication: Mark My Worth: Who called you a top performer-and then shrunk your hike?

1 week ago | htsyndication.com | Devina Sengupta

New Delhi, May 5 -- A decade ago, appraisal day meant a face-to-face with the boss, a sealed envelope with your name on it, and a quiet corner to process the numbers inside. You'd do the mental math, adjust your expression, and return to your desk-grinning inside or gritting your teeth. Today, it's all digital. Appraisal letters land in your inbox, and a discreet peek at your screen is all it takes. But one thing hasn't changed: the sinking feeling when the numbers just don't add up. Top rating?
HT Syndication: AI hallucination spooks law firms, halts adoption

1 week ago | htsyndication.com | Krishna Yadav |Shouvik Das |Devina Sengupta

New Delhi, May 2 -- Worried by instances of artificial intelligence (AI) tools such as ChatGPT throwing up fictitious cases and results, Indian law firms have started restricting AI usage internally. Law firmsare sharing cautionary notes with their employees, conducting training programmes and draftingagreements to assure clients that AI tools will not be used for legal advice or research, according to solicitors representing companies across sectors.
AI hallucination spooks law firms, halts adoption

1 week ago | livemint.com | Krishna Yadav |Shouvik Das |Devina Sengupta

Worried by instances of artificial intelligence (AI) tools such as ChatGPT throwing up fictitious cases and results, Indian law firms have started restricting AI usage internally. Law firms are sharing cautionary notes with their employees, conducting training programmes and drafting agreements to assure clients that AI tools will not be used for legal advice or research, according to solicitors representing companies across sectors.
HT Syndication: Six years on, RCom vs Ericsson battle resurfaces

2 weeks ago | htsyndication.com | Devina Sengupta

Posted On: 2025-05-01 Posted By: Devina Sengupta National Technology Politics Hindustan Times Mumbai, May 1 -- Nearly six years since Sweden's Ericsson won Rs.550 crore dues from Reliance Communications Ltd (RCom) following a Supreme Court order, the bankrupt telco's demand to return the money is coming up in court.
Court case between Reliance Communications, Ericsson returns after 6 years

2 weeks ago | livemint.com | Devina Sengupta

Nearly six years since Sweden's Ericsson won ₹550 crore dues from Reliance Communications Ltd (RCom) following a Supreme Court order, the bankrupt telco's demand to return the money is coming up in court. On Thursday, the Mumbai bench of National Company Law Tribunal (NCLT) will hear RCom resolution professional's petition that the Swedish company is an operational creditor, and paying it first while financial creditors wait would be a case of preferential treatment.
IndusInd Bank shortlists executive search firm Spencer Stuart for CEO hunt

2 weeks ago | livemint.com | Devina Sengupta

IndusInd Bank’s deputy CEO Arun Khurana also resigned this week after accounting discrepancies were recently discovered in the bank’s derivatives portfolio. “Spencer Stuart was selected in March and the search for the new CEO should get over in the next couple of months. For good corporate governance, the bank may look at other search firms for its other senior positions or even take someone internally.
HT Syndication: IndusInd Bank shortlists executive search firm Spencer Stuart for CEO hunt

2 weeks ago | htsyndication.com | Devina Sengupta

New Delhi, April 30 -- IndusInd Bank has shortlisted Spencer Stuart to search for a new chief executive after Sumant Kathpalia stepped down Tuesday as its managing director and CEO. The bank, which a committee of executives will run for now, is expected to finalise its new chief in a couple of months, said senior executives aware of the development.