Indian Grandmaster Abhijeet Gupta and USA's Vaidyanathan Kannan are joint leaders after the third round of the Pune International Grand Master Round Robin Event, both tied at 2.5 points. The round saw several draws and an upset victory.
Grandmaster Abhijeet Gupta secured the championship at the Pune International Grandmaster Round Robin Chess Tournament. International Master Aswath S finished as runner-up, achieving his final Grandmaster norm to become India's 98th Grandmaster. Kushagra Mohan took third place, while Advik Agarwal earned his second International Master norm.
Top seed Grandmaster Abhijeet Gupta secured a decisive victory against Aleksej Alexandrov in the sixth round of the Pune International Grandmaster Round Robin Chess Tournament, maintaining his sole lead. Indian International Masters Aswath S and Kushagra Mohan are in second and third positions, respectively, with three rounds remaining.
Grandmaster Abhijeet Gupta and USA's Vaidyanathan Kannan have emerged as joint leaders in the Pune International Grandmaster Round Robin Chess Tournament after securing their second consecutive wins. Kannan, a 13-year-old, defeated GM Aleksey Fedorov, while Gupta overcame Ashwath S. India's Kushagra Mohan also caused an upset by beating GM Aleksey Alexandrov.
Indian Grandmaster Abhijeet Gupta has taken the sole lead in the Pune International Grandmaster Round Robin Chess tournament after drawing his fourth-round match. He is followed by Advik Agarwal and Vaidyanathan Kannan, with Kannan losing his joint lead.
Grandmaster Abhijeet Gupta maintained his sole lead in the Pune International Grandmaster Round Robin chess tournament after drawing with IM Akshay Borgaonkar in the seventh round. Other Indian players, IM Kushagra Mohan and IM Ashwath S, also performed well, securing third and second places respectively.
Top seed Abhijeet Gupta has maintained his lead in the Pune International Grandmaster Round Robin chess tournament after securing his fourth win. International Master Aswath S caused a significant upset by defeating Belarus Grandmaster Fedorov Alexei, moving into second place. All five games in the fifth round produced decisive results.
Top-seed Indian Abhijeet Gupta secured a crucial victory in the eighth round of the Pune International Grandmaster Round Robin Chess Tournament, maintaining his lead. Fellow Indian International Masters Aswath S and Kushagra Mohan also won, positioning themselves strongly for the title in the final round, with Aswath eyeing a Grandmaster title and Kushagra a Grandmaster norm.
The Supreme Court of India has emphasised the importance of open access to all temples and 'maths' for everyone, warning that excluding any denomination would negatively impact Hinduism and divide society. This statement was made during hearings on petitions related to discrimination against women at religious sites and the scope of religious freedom.
A nine-judge Supreme Court bench has reserved its order on petitions related to discrimination against women at religious places, including the Sabarimala temple, and the scope of religious freedom.
The Travancore Devaswom Board (TDB), managing the Sabarimala temple, argued in the Supreme Court that religious beliefs should be judged subjectively by the community, as the court hears petitions related to discrimination against women at religious places.
What is the reason behind this drying up of talent for the top post in private banks?
The Delhi High Court has suspended the jail term of expelled BJP leader Kuldeep Singh Sengar, who is serving life imprisonment in the 2017 Unnao rape case, while imposing several conditions.
A bench of justices Anil Kshetarpal and Harish Vaidyanathan Shankar, while pronouncing the order in Moitra's plea, said "The order is set aside. We have requested the Lokpal to accord consideration for grant of sanction under Section 20 of the Lokpal and Lokayuktas Act in accordance with the relevant provisions within one month".
The CBI will challenge the suspension of life sentence and bail granted to former BJP MLA Kuldeep Singh Sengar in the Unnao rape case in the Supreme Court. The decision follows a Delhi High Court order suspending Sengar's sentence. Rahul Gandhi has criticized the decision and met with the survivor.
The Delhi High Court has held that profits from cricket betting would constitute "proceeds of crime" under the anti-money laundering law.
The Delhi High Court has ruled that a husband cannot claim exclusive ownership of a property jointly acquired with his wife, even if he paid the EMIs. The court emphasized that once a property is registered in both spouses' names, the husband cannot assert sole ownership based solely on financial contribution.
The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.
The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.
The Delhi High Court has ordered a retrial in a 1984 anti-Sikh riots case related to the killing of a man in Ghaziabad's Raj Nagar area, citing a flawed investigation and trial.
The accused challenged a trial court's order rejecting their bail plea in the December 2023 incident.
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HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
Vaidyanathan's compensation is 'a performance-linked booty'.
With more players, products and rising consciousness about the need for insurance, the market has to grow. As for the team, the existing management team continues (at ICICI Prudential) to be there. The team has built a solid business, an excellent brand. The systems are in place, so it is a good stepping stone, says Vaidyanathan.
Bharatanatyam and Kuchipudi veteran Yamini Krishnamurti died at the Apollo hospital New Delhi on Saturday. She was 84.
The country's largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit - deposit (CD) ratio to pre-merger levels. "We will bring down the CD ratio faster than what we had anticipated.
HDFC Bank on Monday reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself. On a standalone basis, the largest private sector lender reported a net profit of Rs 15,976 crore. In the year-ago period, the net profit of the merged entity would have been Rs 11,162 crore on a consolidated level while the same on a standalone basis would have been Rs 10,606 crore.
Anu Vaidyanathan has never passed up an experience life has to offer her.
One of the resolutions uploaded on the apex court website said a vacancy in the office of the chief justice of the Uttarakhand high court has arisen consequent upon retirement of Justice Vipin Sanghi on October 26, 2023.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
V Vaidyanathan -- managing director and CEO of IDFC First Bank -- is considered one of India's most astute bankers. But who know he was such a good singer?
The Supreme Court on Friday asked what was the harm if a person provided the details of caste or sub-caste during the Bihar caste survey when an individual's data was not going to be published by the state.
Vaidyanathan apologised to the court but added that the present plea was filed as another petition challenging a high court order dated April 11, 2022 is pending before the apex court.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Mehta said but did not elaborate on the consequences the contentious exercise could possibly have.
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
HDFC Bank, the country's largest private-sector lender, lost to competition wholesale loans of around Rs 50,000 crore after it increased interest rates in May, said Chief Financial Officer Srinivasan Vaidyanathan in an analyst call. "There were some customers who were offered lower rates by other market participants. "But we decided not to cut back on our rates," he said while addressing analysts after the announcement of the bank's Q1 earnings.
