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.
'Banking is the only sector that can see double-digit growth in FY27.'
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
Automobile manufacturers are increasingly vocal about the mounting paperwork and delays associated with India's Production-Linked Incentive (PLI) scheme for the automotive sector, arguing that compliance requirements are becoming as challenging as meeting technical eligibility conditions. They are pushing for a simpler, faster, and more predictable certification and compliance framework.
India's manufacturing sector experienced a moderation in growth during June, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 54.2 from 55.0 in May. This slowdown is attributed to softer increases in new business orders and international sales, leading to reduced expansions in buying levels, employment, and output.
Six-time world champion and Olympic bronze-medallist M C Mary Kom believes Indian pugilists will secure a 'reasonably good medal haul' at the Commonwealth Games, though gold might be elusive, while expressing less certainty for the Asian Games. She also criticised the Boxing Federation of India's functioning and selection policies.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
At 31, it would be too early and unwise to phase out a special talent like Sanju Samson, who despite the odd blip appears to be enjoying the best phase of his India career.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
India's services sector experienced its strongest growth in six months in May, with the HSBC India Services PMI Business Activity Index rising to 59.8. This expansion was driven by healthy demand, new client acquisitions, and improved new business intakes, alongside a softer rise in cost burdens.
Indian opener Rohit Sharma has returned to net practice, showcasing good form with elegant strokes, as he prepares for the upcoming three-match ODI series against England starting July 14. The "Hitman" is India's third-highest ODI run-scorer, and his inclusion, alongside Virat Kohli, boosts the squad.
A compelling all-round performance helped India A thrash Afghanistan A by 101 runs and qualify for the One-day tri-series final in Dambulla on Wednesday.
India's Code on Wages mandates strict payout deadlines, two-day full and final settlements, universal wage coverage and capped deductions to safeguard employees and enhance payroll transparency nationwide.
Javelin thrower Neeraj Chopra has partnered with the Indian Olympic Association (IOA) to launch a "Clean Sports Campaign" aimed at combating doping in India. This initiative comes as India faces a serious doping problem, topping WADA's list of offenders, and seeks to educate athletes on anti-doping regulations and promote fair play. Chopra emphasised the importance of patience over quick gains through doping, highlighting the long-term damage it causes to athletes and the nation's sporting image.
Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.
15-year-old batting prodigy Vaibhav Sooryavanshi has received his first call-up to the Indian national cricket team for the upcoming T20I series against Ireland and England, following a stellar IPL 2026 season and an impressive U19 World Cup performance.
India's bowling coach hails team's "hungry mindset" after strong T20 World Cup start
'I don't see fear becoming a dominant factor for retail investors.'
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
Ishan Kishan has ascended to the No.1 spot in the ICC T20I batting rankings, surpassing Abhishek Sharma after strong performances, including at the T20 World Cup. Jasprit Bumrah now leads the Test bowling rankings, while Travis Head is the top Test batter. The latest ICC rankings also show significant movements for other players across T20I and Test formats.
Governor: Simplistic narrative, questionable historical accuracy, underwhelming production quality, notes Sukanya Verma.
India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
With their tri-series campaign hanging in the balance, India A take on Afghanistan A in a must-win contest on Wednesday. Another defeat could leave Tilak Varma's side relying on other results to stay in the race for the final.
To get its act going in Myanmar, India would need very dynamic diplomacy and not the lazy all-eggs-in-one-basket approach, points out Subir Bhaumik.
Former India batter Sanjay Manjrekar has criticised the team management's decision to drop T20 World Cup hero Sanju Samson for the second T20 against England, calling it "bizarre" despite the debut of teen sensation Vaibhav Sooryavanshi. India lost the match, trailing 0-1 in the five-match series.
India has launched its first hydrogen-powered train, the 'Namo Green Rail', from Jind, Haryana, marking a significant step towards sustainable railway mobility. The 10-coach train, which emits only water vapour, is currently operating on the Jind-Sonipat route and represents a major technological advancement for the country's transport sector.
Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.
Rajasthan all-rounder Manav Suthar has made his Test debut for India against Afghanistan in Mullanpur, becoming the 319th player to represent the country in Test cricket.
Nissan Motor India aims to achieve a fourfold increase in domestic sales, targeting 100,000 units annually, and export another 100,000 vehicles from its Chennai plant by financial year 2027-28 (FY28), marking a significant revival of its presence in the Indian passenger vehicle market.
Yastika Bhatia scripted history by becoming the first woman to score a Test century at Lord's. Here's the inspiring story of her journey from Baroda prodigy and ACL injury comeback to India's latest cricket hero.
Former India all-rounder Irfan Pathan criticised Dhruv Jurel after Rajasthan Royals' defeat to Delhi Capitals, saying the wicketkeeper-batter should have scored faster and helped his side cross the 200-run mark.
India produced a record-breaking batting display, piling up 402 runs against Afghanistan in the second ODI of the three-match series in Lucknow on Wednesday, in a match filled with major individual milestones.
Young adults in India are increasingly grappling with high blood pressure, a condition once thought to affect mainly the older demographics. Cardiologists point to sedentary lifestyles, obesity, chronic stress and unhealthy diets as primary drivers of this silent epidemic.
India's toll collection growth is projected to moderate to 5-7 per cent year-on-year in FY27, a 150-200 basis points reduction, primarily due to the economic impact of the West Asia conflict and a slowdown in commercial traffic, according to Crisil Ratings.
The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.
A new report from the Stockholm International Peace Research Institute (SIPRI) indicates that India has expanded its nuclear arsenal and is developing long-range weapons capable of reaching targets across China, while also maintaining focus on its rivalry with Pakistan.
Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.
