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.
HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
Indian police have dismantled an illegal MD drug manufacturing unit in Telangana, leading to the arrest of 18 people and the seizure of drugs and materials worth Rs 20.72 crore.
A top SBI official has highlighted the challenges bankers face in lending to MSMEs using only GST data, advocating for the integration of alternative data sources like power consumption and telecom records through credit bureaus to improve credit assessment.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
'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.'
Sachin Tendulkar remembered his father Ramesh's timeless lessons on honesty, character and avoiding shortcuts, while launching a fellowship to honour his legacy and expand opportunities for young professionals.
Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.
Kaverappa's four-wicket haul gave South Zone control before they stumbled, while Mukesh and Sarkar struck three each to bowl Central Zone out, giving East Zone a strong start.
Top Indian squash player Abhay Singh, ranked world no. 24, secured his 13th PSA Tour title by winning the Tuanku Muhriz Trophy in Negeri Sembilan, Malaysia. He defeated Hong Kong's Henry Leung in a thrilling five-game final, showcasing his dominance throughout the tournament.
Former Reliance Communications Group managing director Amitabh Jhunjhunwala has been lodged in Mumbai's Arthur Road Jail after being arrested by the CBI in connection with a multi-crore bank loan fraud case.
Artificial intelligence (AI) is significantly increasing the demand for flexible office spaces in India, as enterprises prioritise agility, speed-to-market, and struggle with forecasting workforce requirements. AI-native startups are a primary driver, while established companies are adopting 'core-plus-flex' strategies to balance stability with adaptability.
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.
Rajasthan Police's Anti-Narcotics Task Force dismantled an illegal MD drug manufacturing unit in Jodhpur, arresting six individuals and seizing a large quantity of raw materials.
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
Teenage golfer Vishesh Sharma and veteran Amardeep Malik are tied for the lead at 14-under 126 after the second round of the PGTI Telangana Golconda Masters. Sharma, who matched a course record in round one, maintained his strong performance, while Malik climbed to the top with a solid five-under 65.
Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.
Indian rally champions Dean Mascarenhas and co-driver Gagan Karumbaiah are set to compete in their second WRC3 event of the season, Rally del Paraguay. This marks their first gravel rally in the championship, following previous appearances in the Canary Islands and Rome, as they continue to gain international experience.
North Zone's Sanat Sangwan scored a resilient 76, putting aside earlier controversies, as his team fought back against South Zone in the Duleep Trophy semi-final. Despite Sangwan's efforts and a partnership with Ayush Doseja, North Zone suffered a batting collapse, leaving South Zone poised for victory. South Zone holds a significant lead, needing only a draw to advance to the final.
The proposed arrangement would involve sub-assembly kits produced at Lockheed Martin's facility in Troy, Alabama, and guidance electronics units manufactured at Raytheon's facility in Tucson, Arizona, being shipped to India for final assembly and integration.
The Duleep Trophy final between East Zone and South Zone will feature a mix of rising talents like Devdutt Padikkal, Tilak Varma, and Vaibhav Sooryavanshi, alongside established players like Mohammed Siraj, KL Rahul, and Mohammed Shami. Players will be looking to impress selectors for upcoming national assignments, with Padikkal aiming to continue his red-ball form and Siraj seeking to regain rhythm. The match also marks Shami's 100th first-class game.
India's passenger vehicle sales are estimated to have surged by approximately 35 per cent to about 4.5 lakh units in August, driven by strong performances from major automakers like Maruti Suzuki India, Tata Motors Passenger Vehicles, and Mahindra & Mahindra, with the industry entering the festive season with optimism.
A cyberattack on an automaker can spread through its wider supply chain and create significant financial losses.
India has announced its 23-member squad for the upcoming AFC U20 Asian Cup Qualifiers in Tashkent, with eight players omitted from the initial camp. The team, led by Mahesh Gawali, will compete against Syria, Uzbekistan, and Bangladesh from August 31 to September 6, aiming for qualification to the main tournament in China in 2027.
The Durand Football Tournament Society has recognised 11 young footballers with the Emerging Player award, each receiving Rs 1 lakh. These players, from various teams across all six groups, impressed with their performances, showcasing promising talent and potential during the ongoing Durand Cup.
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.
If you appeared for the exams, you can now check your subject-wise marks statement directly by logging into the official portal at icsi.edu.
A long-standing Janmashtami celebration in Kolkata's Mominpore, known for its syncretic culture with significant Muslim participation, is undergoing a major change. BJP leader Rakesh Singh has taken charge, forming an exclusively Hindu organising committee, sparking a debate about religious harmony, political influence, and the nature of shared festivals in the city.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
Delhi Police have dismantled an alleged Pakistan ISI-backed espionage module, arresting a couple, Md Sahil and Sameera, for procuring Indian SIM cards and sending them to Pakistan. The couple allegedly recruited individuals for reconnaissance of cantonment areas and facilitated communication for Pakistani handlers through social media.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
Vaibhav Sooryavanshi made 40 before captain Ishan Kishan stroke a fluent knock of 39 not out to help East Zone down Central Zone in the Duleep Trophy semi-final match.
Indian passenger vehicle manufacturers are significantly increasing production and stocking dealerships in anticipation of strong festival season demand, with new launches planned and supply bottlenecks being addressed. However, the industry faces potential moderation in growth during the second half of FY27 due to a high base from last year's post-GST surge, commodity inflation, and elevated inventory levels.
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 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.
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.
India has successfully manufactured and test-fired its first fully indigenous AK-203 assault rifle, named 'Sher', at the Korwa facility in Uttar Pradesh, marking a significant milestone in defence self-reliance with 100 per cent Indian components.
JSW Group and China's SAIC Motor are in discussions for the next round of capital support for JSW MG Motor India, aiming to expand manufacturing capacity beyond 220,000 units annually to an ambitious one million vehicles and broaden its new-energy vehicle (NEV) portfolio.
The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.
