'There is mis-alignment in strategic thinking of the board and management.' 'As the business environment and customer behaviour evolve rapidly, boards are increasingly looking for leaders who can bring new ideas and challenge legacy approaches.'
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
Shares of HDFC Bank rose nearly 3 per cent after its Managing Director and Chief Executive Sashidhar Jagdishan decided not to seek reappointment after his current term concludes on October 26.
The Shri Ram Janmbhoomi Teerth Kshetra Trust is set to appoint the first Chief Executive Officer (CEO) for the Ram temple in Ayodhya. A selection committee is expected to submit three shortlisted names on Wednesday, following an extensive search process that reviewed approximately 5,500 applications. This move comes after the Trust acknowledged that donation theft had harmed its image, aiming to ensure superior management and restore devotee faith.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
The top 500 listed companies had 860 women directors or board members overall.
The Shri Ram Janmbhoomi Teerth Kshetra trust has shortlisted 18 candidates for the Chief Executive Officer position from over 5,300 applicants. Interviews are scheduled for Tuesday and Wednesday, with the CEO's role focusing on temple administration and management. The selection follows allegations of embezzlement of temple donations, which led to an SIT probe and arrests.
The Shri Ram Janmbhoomi Teerth Kshetra Trust has completed interviews for its first full-time CEO, focusing on professional experience, vision, and management capabilities rather than personal beliefs or practices. The selection process involved multiple rounds, culminating in face-to-face interactions with 16 top candidates.
Atletico Madrid chief executive Miguel Angel Gil Marin has vehemently rejected Barcelona's attempts to sign Julian Alvarez, accusing the Catalan club of dishonesty and stating that the Argentine forward will 'never, ever' be sold to them. This comes after Barcelona's president expressed continued interest in Alvarez.
Willie Walsh, former IATA Director General and CEO of British Airways, has officially taken charge as the CEO of IndiGo, India's largest airline, with a mandate to drive global expansion and operational excellence.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
Amitesh Kumar Jha, CEO of Swiggy's quick commerce platform Instamart, has resigned to pursue other opportunities, with Nandita Sinha, formerly CEO of Myntra, appointed as his successor effective August 3, 2026.
Manappuram Finance has announced the appointment of Ashish Singh as its new managing director and chief executive officer, effective January 1, 2027, marking a significant shift from its family-led governance structure.
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.
Formula One chief executive Stefano Domenicali announced that the sport will feature more sprint races in 2027 than the current six, while emphasising the importance of maintaining their 'scarcity value' to ensure commercial appeal.
Infosys, India's second-largest IT services firm, has appointed company veteran Ashiss Kumar Dash as CEO designate, with the leadership transition scheduled for April 1, 2027, after current CEO Salil Parekh completes his second term.
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.
Russia's Federal Security Service (FSB) has charged Telegram co-founder Pavel Durov with facilitating terrorist activities and initiated procedures to place him on the international wanted list, according to Russian state-run news agency TASS.
Cricket South Africa CEO Pholetsi Moseki expressed excitement as the brand identity and 12 host venues for the 2027 ODI Cricket World Cup were unveiled, marking the tournament's return to Africa after 24 years with a new three-stage format.
The Shri Ram Janmabhoomi Teerth Kshetra Trust on Wednesday deferred the selection of its first chief executive officer (CEO) by a month after receiving 5,200 applications for the post and decided to appoint a secretary in the interim to meet growing administrative requirements.
Delhi's draft electoral rolls show a high percentage of voter exclusions, particularly in minority-dominated and SC-reserved constituencies. Overall, 33% of voters were deleted, with some areas like Okhla seeing up to 45% exclusions. The CEO office attributes most deletions to absent or shifted voters, who can re-register by September 30.
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.
Bengaluru-based Oppex AI, an AI-native platform for production operations, has successfully raised Rs 4.2 crore in a pre-seed funding round led by Info Edge Ventures. The capital will be utilised to expand its team, accelerate product development, and scale deployments, aiming to advance AI-led transformation in enterprise technology.
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.
Arun Singh Dhumal and Khairul Jamal Majumdar are poised for unopposed re-election to the IPL Governing Council at the upcoming BCCI Annual General Meeting on September 18. The election process, including nomination dates and candidate scrutiny, has been outlined by the BCCI Electoral Officer.
Japan Cricket Association CEO Naoki Alex Miyaji has addressed concerns raised by leading cricketing nations regarding accommodation and facilities for the upcoming Asian Games. Miyaji clarified that hotel stays are offered, teams can make their own arrangements, and temporary yet comfortable facilities have been prepared for players, including washrooms and dressing rooms, despite tight timelines and resource limitations.
Tata Motors Passenger Vehicles Ltd (TMPV) has launched its new brand identity, TATA.CARS, aiming to appeal to a younger demographic with a focus on smarter, greener, and more connected mobility experiences.
Tata Elxsi has partnered with Sarla Aviation to develop the Shunya air taxi platform. Tata Elxsi will provide engineering support for avionics, software integration, and certification, while Sarla Aviation will lead the design and type certification of the electric vertical take-off and landing (VTOL) aircraft.
Indian benchmark indices Sensex and Nifty opened higher, driven by a significant drop in crude oil prices and a positive trend in global equities, with foreign fund inflows further bolstering domestic markets.
Qcom platforms are prioritising convenience, selection, AI-driven inventory planning and loyalty rewards over deep discounting.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.
Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.
'Across the entire value chain, we will be able to industrialise AI adoption, and that is the main purpose of the deal.'
Indian Olympic Association (IOA) CEO Raghuram Iyer announced a massive nationwide talent hunt targeting children aged 5 to 15 to identify and nurture future athletes, aiming for 30-40 medals at the 2036 Olympics.
SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
