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.
HDFC Bank is engaging external legal firms, both domestic and international, to investigate the circumstances surrounding former part-time chairman Atanu Chakraborty's resignation.
Coforge Chairman O P Bhatt has abruptly resigned from the IT firm after an internal audit raised concerns over the handling and presentation of a 'board evaluation report' to the board, with the company asserting the move will not impact its financial or operational performance.
Rajya Sabha MP Sukhen Shekhar Ray has resigned from the Trinamool Congress (TMC) and his parliamentary seat, adding to the party's ongoing internal crisis and political turmoil.
YR Sadashiva Reddy, Co-Chairman of the Bar Council of India (BCI), has called for the immediate resignation of BCI Chairman Manan Kumar Mishra, citing alleged irregularities in appointments, diversion of Council funds, financial dealings with law colleges, and other governance issues. Mishra has dismissed the allegations as 'baseless'.
The Bombay High Court affirmed the right of students to protest alleged malpractices in MPSC examinations, stating they are not anti-social elements. The court stressed the state's duty to ensure impartial exams and asked the government to submit a roadmap within three weeks, while also urging students to return to their studies.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
MPSC aspirants are protesting in Pune, demanding reforms and the resignation of the MPSC chairman due to alleged paper leaks. NCP (SP) MLA Rohit Pawar announced that Rahul Gandhi is expected to meet the protesters on October 7 or 8. The Maharashtra government has already terminated an MPSC secretary and initiated a judicial inquiry into the commission's functioning.
Former Vice President Jagdeep Dhankhar has been invited as a guest to the RSS' annual Vijayadashmi event in Nagpur next week, which also marks the closing of the organisation's centenary year. The event will feature Sanjay Gupta as chief guest and an address by RSS chief Mohan Bhagwat. The Congress has criticised the government regarding Dhankhar's housing situation despite the RSS invite.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
The Supreme Court has directed the Delhi police commissioner to form a Special Investigation Team (SIT) to probe a complaint filed by lawyers who were allegedly assaulted during a protest demanding the resignation of Bar Council of India (BCI) chairman Manan Kumar Mishra. This directive comes after the Delhi High Court had dismissed a similar plea, stating it was not maintainable.
Siddaramaiah is facing the Lokayukta and ED probes into alleged irregularities in the allotment of 14 sites to his wife by the MUDA.
MPSC aspirants in Maharashtra have ended their 10-day protest after the state government formed a committee, led by ex-judge Dilip Bhosale and senior IAS officer Tukaram Mundhe, to investigate alleged irregularities, including paper leaks, within the recruitment body. Following this, MPSC Chairman Vivek Bhimanwar announced he has proceeded on leave until the inquiry is completed.
HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.
The scenes are same; placards, viral videos, riot, police but the grievances could hardly be more different, notes Abhay Jere, ex-Vice Chairman, AICTE.
Chief Justice of India Surya Kant has stated that the ongoing protests against Chief Election Commissioner Gyanesh Kumar and the associated restrictions in Delhi fall under law and order, not his judicial purview, and declined to meet opposition leaders regarding the issue.
The Cockroach Janta Party (CJP) and its founder Abhijeet Dipke have announced their support for students protesting alleged paper leaks and irregularities in Maharashtra Public Service Commission (MPSC) online examinations. The CJP plans to join the agitation and undertake a statewide tour if demands for the MPSC chairman and secretary's resignations are not met by September 24.
The Shri Ram Janmabhoomi Teerth Kshetra Trust held a crucial meeting in Ayodhya to deliberate on the resignations of general secretary Champat Rai and member Anil Mishra, following allegations of embezzlement of donations. The meeting also reviewed the ongoing SIT probe into the alleged theft.
The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.
CPI(M) leader John Brittas was allegedly manhandled and injured by Delhi Police personnel during a protest against Chief Election Commissioner Gyanesh Kumar. The Rajya Sabha MP was taken to RML Hospital for examination. Brittas has written to the President, Rajya Sabha chairman, and CJI seeking an independent investigation into the alleged assault, claiming he was dragged, assaulted, and abandoned. Congress MP Shashi Tharoor condemned the incident, and other political leaders like M A Baby and Manoj Jha visited Brittas, criticising the police action and alleging brutality against protesters. The protest was organised to demand Kumar's resignation over alleged electoral roll irregularities.
Nandan Nilekani, head of the task force on exam reforms, stated on Tuesday that technology and a systematic approach can solve the issue of question paper leaks. He suggested generating exam papers from a large question bank at the last minute to remove economic incentives for leaks and also proposed moving towards computer-based testing.
The Reserve Bank of India has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank, continuing his tenure until September 18, 2026, or until a regular chairman is appointed.
A Parliamentary panel has recommended that district administrations withhold permission for rallies and public gatherings on competitive examination days to prevent disturbances for candidates. The panel also suggested allowing latecomers to enter exam halls with an undertaking and dedicating a 15-minute window for formalities outside the exam duration.
The Opposition India bloc has threatened to initiate impeachment proceedings against Chief Election Commissioner Gyanesh Kumar, citing alleged irregularities in the Special Intensive Revision (SIR) of electoral rolls. This move comes as the Opposition plans a joint agitation and highlights the constitutional process for removing a CEC, which mirrors that of a Supreme Court judge.
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.
The Congress party in Maharashtra has accused the police of illegally entering its Mumbai headquarters, Tilak Bhawan, and arresting tribal students and NSUI members who were protesting. While the police deny these claims, stating no arrests were made from the building, the Congress has threatened to gherao the Chief Minister's residence if the detained individuals are not released, escalating a political confrontation over student protests.
Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.
Trinamool Congress MP Sushmita Dev has resigned from the Rajya Sabha, becoming the second TMC MP to do so this week. Speculation suggests she may join the BJP, following a meeting with Assam Chief Minister Himanta Biswa Sarma, amidst a broader rebellion within the TMC after its recent electoral defeat.
The Congress party has demanded the resignation of Chief Election Commissioner Gyanesh Kumar, alleging "vote chori" and treason, following a media report revealing that two other Election Commissioners had formally objected to decisions regarding the Special Intensive Revision of electoral rolls. Rahul Gandhi and Mallikarjun Kharge have accused the BJP, RSS, and EC of undermining democracy, citing concerns over voter list tampering and lack of transparency.
The National Testing Agency (NTA) has moved to a new office and deployed CISF security to safeguard confidential areas, following a major controversy over the NEET paper leak and administrative lapses. This move aims to implement foolproof security arrangements and restore public trust in the examination system.
Actor-turned-politician and Trinamool Congress MP Rukmini Mallick, popularly known as Koel Mallick, on Thursday resigned from the Rajya Sabha, the fourth TMC MP to do so ever since the Mamata Banerjee-led party was ousted from power in West Bengal.
The Ram temple trust on Monday accepted the resignations of Champat Rai as its general secretary and member Anil Mishra in the wake of embezzlement of donations. Trustee Krishna Mohan has been named as interim general secretary. The Shri Ram Janmabhoomi Teerth Kshetra Trust also announced the formation of a three-member committee to identify a chief executive officer (CEO) for the temple trust.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
Professor Subha Shankar Sarkar has resigned as the head of a five-member committee investigating alleged ABVP vandalism at Jadavpur University, citing his inability to conduct an effective inquiry, prompting the university to seek a new chairperson.
Opposition parties in India are demanding the impeachment and arrest of Chief Election Commissioner (CEC) Gyanesh Kumar, alleging he is running the poll panel as a 'one-man autocracy' following revelations that two Election Commissioners red-flagged issues related to the Special Intensive Revision (SIR) of electoral rolls.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
'You cannot stop these models from getting better. There is competitive and business pressure and if the US stops then maybe China will go ahead.'
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
'Chandrasekaran wanted a five-year extension, but the Tata Group has a policy of 65 years as the retirement age for its executive chairman.'
The chairman and secretary of the Central Board of Secondary Education (CBSE) have been removed from their positions following allegations of irregularities in the digital evaluation system for the class 12 examination process.
