HDFC Bank's leadership addresses the sudden resignation of its chairman, citing ethical concerns, and attempts to reassure stakeholders about the bank's governance and future stability.
Maharashtra Chief Minister Devendra Fadnavis clarifies the separation of powers between the legislature and executive branches following a directive to suspend a Satara Superintendent of Police. He emphasised that while the executive is accountable to the legislature, the legislature cannot assume the executive's role.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
The invitation comes as the US administration moves forward with formalising the "Board of Peace" structure linked to Trump's broader Gaza roadmap.
India was among the countries not present in Davos when US President Donald Trump unveiled his "Board of Peace" that seeks to work towards bringing lasting peace to Gaza and possibly resolve global conflicts. India is yet to take a call on it, people familiar with the matter said when asked about Trump's invite to PM Modi.
India is yet to take a call on United States President Donald Trump's invitation to be part of the 'Board of Peace' that will work towards bringing lasting peace to Gaza and possibly resolve global conflicts, people familiar with the matter said on Wednesday.
Trump's 'Board of Peace' is being projected by Washington, DC as a new international body to usher in peace and stability in Gaza and beyond, triggering speculation that it could throw a challenge to the United Nations.
Sunil Bharti Mittal, 68, will retire as chairman of Airtel Africa in July after the conclusion of this year's annual general meeting (AGM), the board of the African arm of India's second-largest telecom service provider Bharti Airtel said in a statement to the exchanges on Wednesday.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.
Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.
'Being an important institution in the banking system, we are subject to regulatory supervision, both offsite and onsite.' 'When you look at the intensity at which these levels of supervision come, we, on the board and in management, believe there should not be any surprises.'
UP Prometheans will replace Chennai Lions in the Ultimate Table Tennis (UTT) league. Season 7 will be held in Goa in July and will feature seven teams competing in a single round-robin format.
Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT, effective July 1.
Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
A Haryana resident, arrested in connection with a job fraud and extortion racket, died in police custody in Jammu after complaining of severe stomach pain. An inquest and magisterial inquiry have been initiated.
Former England opener Geoffrey Boycott has criticised the England and Wales Cricket Board (ECB) for retaining head coach Brendon McCullum and managing director Rob Key following England's Ashes defeat, questioning the lack of accountability.
Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.
The International Cricket Council (ICC) has cancelled its Board and committee meetings due to the ongoing military conflict in West Asia, according to a report by ESPNcricinfo on Tuesday.
What is the reason behind this drying up of talent for the top post in private banks?
RCB suffer early IPL 2026 setback as Nuwan Thushara fails Sri Lanka Cricket fitness test, delaying his availability for the tournament opener.
The government is closely watching the fast-paced developments at the salt-to-semiconductor conglomerate.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
IPL ranks third in WCA global league ratings, excelling in pay but lagging in player rights, dispute resolution and welfare standards.
The International Cricket Council (ICC) has postponed its three-day meeting scheduled for March 25-27 in Doha, Qatar, due to the ongoing conflict involving the US, Israel, and Iran. The meeting has been rescheduled for next month at a location within the same continent.
Brendon McCullum will continue as England's head coach in all three formats, the England and Wales Cricket Board (ECB) said on Monday, despite the team's lacklustre performances and lingering questions about their dressing-room culture.
The limited-overs series between Afghanistan and Sri Lanka scheduled for March in the United Arab Emirates has been postponed due to the ongoing crisis in the Middle East.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
Vardhan's elevation to the chairmanship of the 34-member World Health Organisation (WHO) Executive Board comes amid growing calls, including by United States President Donald Trump, to investigate how coronavirus originated in China's Wuhan city and subsequent action by Beijing.
Congress leader Jairam Ramesh recalls writing to Narendra Modi in 2010 about conserving the Great Indian Bustard, amid recent announcements of successful conservation efforts.
Where was the Board when a predictable regulatory change brought the country's largest airline to its knees? asks Dr Sudhir Bisht.
Shardul Thakur and Jasprit Bumrah swung the momentum in Mumbai Indians' favour, restricting KKR after a blazing start in the IPL 2026 clash at the Wankhede.
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
The cremation of a warehousing corporation official who died by suicide after accusing former Punjab minister Laljit Singh Bhullar of harassment was held in Amritsar. Bhullar has been arrested for abetting suicide, sparking a political row and demands for a CBI probe.
The Athletics Federation of India (AFI) will conduct SRY Gene Tests in national-level competitions to ensure fair competition in the women's category. They will also conduct DNA testing of upcoming athletes for research and development purposes.
Do not exit in panic or buy falling stocks without reassessing fundamentals; instead, build a watchlist and invest gradually with a disciplined, long-term approach.
Addressing the 36th extraordinary session of the Council of the International Maritime Organisation (IMO) held on Thursday in London, the Indian envoy said, "India remains deeply concerned about the evolving situation and continues to call for de-escalation through dialogue and diplomacy, with utmost restraint and priority being given to the safety of civilians."
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