HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold crucial meetings to appoint a new general secretary, fill three vacant trustee posts, and deliberate on the appointment of the temple's first Chief Executive Officer (CEO), all while addressing the ongoing donation theft controversy and the Supreme Court's call for a fair investigation.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.
HCLTech CEO C Vijayakumar's total salary for the financial year 2025-26 surged by nearly 66.9 per cent to $18.13 million, primarily driven by long-term incentives and stock options, placing him at the top among his Indian IT sector peers.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to convene in Ayodhya to discuss the preliminary report of the SIT investigating the Ram Temple donation theft. The agenda includes reviewing the resignations of general secretary Champat Rai and trustee Anil Mishra, considering the appointment of a CEO, and approving financial statements. The meeting comes amidst ongoing police and SIT investigations, with eight arrests made in connection with the theft.
Amazon CEO Andy Jassy met Prime Minister Narendra Modi and announced the company's intention to invest an additional USD 13 billion in India by 2030, focusing on expanding AI and cloud infrastructure.
Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.
Telegram CEO Pavel Durov has accused Reliance Group, which has a partial Meta stake, of lobbying for a ban on Telegram in India and sabotaging its access for users outside India through BGP hijacking. A senior telecom industry source dismissed these claims as 'fake news,' stating Durov confused Reliance Communications with Reliance Industries Ltd. The allegations come as the Indian government has ordered Google and Apple to delist Telegram temporarily and disable its message-editing feature in India due to concerns over paper leaks in the NEET-UG examination.
'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'
Fintech platform CRED announced a significant funding round of Rs 8,550 crore led by Meta, coinciding with founder Kunal Shah's departure as CEO to take on the global leadership role for WhatsApp.
Perplexity CEO Aravind Srinivas unveiled the company's vision for AI operating systems at COMPUTEX 2026, highlighting Perplexity Computer's ability to coordinate multiple AI models and balance performance with privacy and cost. He emphasised the growing trend of hybrid AI, combining local device processing with data centre capabilities, and acknowledged Intel's partnership.
The CEO of Noida-based IT firm ThynkTech India OPC Pvt Ltd has been arrested in connection with the sudden closure of its Pune branch, which left around 500 employees jobless. The company is accused of withholding salaries and financial irregularities.
Nvidia CEO Jensen Huang has publicly endorsed Marvell Technology as a potential 'trillion-dollar company,' citing its crucial role in developing advanced connectivity solutions for next-generation artificial intelligence infrastructure. This endorsement, made at Computex 2026, follows a significant Nvidia investment in Marvell and highlights the industry's shift towards optical interconnects to meet the demands of large-scale AI systems.
Outgoing Air India CEO Campbell Wilson stated that the airline's foundations have been rebuilt over the last four years, but non-delivery of aircraft on schedule has significantly impacted growth and fleet modernisation. He also revealed he has no plans to take up another full-time executive position after stepping down.
India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.
IndiGo, India's largest airline, has placed a record-breaking order with CFM International for over 1,000 LEAP-1A engines to power its 510 Airbus A320 neo family aircraft. This significant deal, announced at the Farnborough International Airshow, also includes extensive MRO support and material services, reinforcing CFM's commitment to the Indian aviation market.
Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.
Delhi Police have registered a case against the CEO of a south Delhi-based company following a complaint by a former intern alleging sexual harassment, intimidation, and abuse of authority.
Delhi Police have registered a case against the CEO of a digital marketing firm following a sexual harassment complaint filed by a former intern.
Former HCL Technologies CEO Vineet Nayar's new book, "Humans First, Machines Second: 30 Sparks for Winning in the Age of AI," argues that the greatest risk of the AI era is not advanced machines, but humanity losing faith in its unique capabilities. The book advocates for investing in human potential over solely adopting technology faster.
Former HCL Technologies CEO Vineet Nayar's new book, "Humans First, Machines Second: 30 Sparks for Winning in the Age of AI," argues that the greatest risk of the AI era is not advanced machines, but humanity losing faith in its unique capabilities. The book advocates for investing in human potential over solely adopting technology faster.
The Calcutta High Court has ordered a status quo on the demolition of TMC MP Abhishek Banerjee's constituency office in South 24 Parganas. The court's directive prevents further demolition until a new hearing or the end of July, following a petition by Leaps and Bounds Private Limited, a company Banerjee is CEO of. The district administration had initiated demolition citing alleged construction without an approved plan.
Shares of gems and jewellery firm Rajesh Exports Ltd dropped 5 per cent to hit the lower circuit limit after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds.
Google has removed the messaging app Telegram from its Play Store in India, with Apple expected to follow, in compliance with a government order aimed at preventing paper leaks during the upcoming NEET-UG re-examination on June 21. The government has also directed Telegram to temporarily disable its message-editing feature until June 30.
Hardik Pandya has been linked with multiple franchises after another disappointing Mumbai Indians campaign, with the Kolkata Knight Riders and Rajasthan Royals also being mentioned as potential suitors.
Ram Temple Construction Committee Chairman Nripendra Mishra stated that the alleged donation theft at the Ayodhya temple was a 'disgraceful blot' and expressed confidence that the temple management system would be improved to prevent future incidents.
US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
IT major Wipro reported a nearly flat consolidated net profit of Rs 3,352 crore in the April-June quarter of FY27, a marginal increase from Rs 3,330.4 crore in the year-ago period, while revenue from operations grew 10.6 per cent to Rs 24,478.6 crore.
'Sometimes, two people can deeply care about each other, but circumstances can get in the way,' counsels rediffGURU Ravi Mittal, CEO of online dating website Quack Quack and Rebounce, a matrimony platform.
Kapila Chandrasena, former CEO of SriLankan Airlines, was found dead at his home in suspicious circumstances after securing bail in a corruption case. He was charged with taking a kickback on aircraft purchases for the national carrier and had allegedly admitted to bribing former president Mahinda Rajapaksa.
World number one Magnus Carlsen is set to compete in the pilot event of the FIDE-approved Total Chess World Championship Tour in November, a precursor to a global season launching in March 2027.
The probe into the alleged Badrinath Temple donation theft case is gaining pace as former temple officer of Badrinath Temple Rajendra Chauhan has been arrested by the Special Investigation Team (SIT) following four hours of questioning on Friday.
Indian benchmark indices Sensex and Nifty tumbled nearly 1 per cent for the third consecutive day, driven by a sharp spike in crude oil prices and significant selling in bank stocks, with Brent crude jumping to USD 95.27 per barrel.
Brand USA, the destination marketing organisation for the United States, has launched a new social-first series called 'More to Love'. This campaign aims to thank international fans who visited the US during the FIFA World Cup and encourage them to return to explore more of the country's diverse attractions, including its national parks and landmarks. The campaign is being amplified globally, including in India.
Indian benchmark indices Sensex and Nifty experienced a downturn in early trade, primarily influenced by a dip in HDFC Bank shares, persistent outflows from foreign funds, and escalating geopolitical tensions between the US and Iran. Track Sensex, Nifty performance.
BMW Group India says every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases.
Brand USA, the destination marketing organisation for the United States, has launched a new social-first series called 'More to Love'. This campaign aims to leverage the success of the FIFA World Cup 2026, which was hosted across the US, Canada, and Mexico, to encourage international fans to return and explore more of the country's diverse attractions, including its national parks and various states. The campaign is being amplified globally, including in India.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.
Wipro's net profit in the first quarter saw minimal growth, rising less than one per cent to 3,352 crore, while revenue increased by 10.6 per cent to 24,480 crore. The IT services segment, a key metric, grew by only one per cent year-on-year, falling short of analyst estimates amidst a challenging demand environment and longer decision cycles from clients.
