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 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.
HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
Hockey India has called an urgent executive board meeting to address a series of sexual harassment, misconduct, and indiscipline cases, considering stringent actions including life bans.
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.
The United States Trade Representative (USTR) has expressed concerns that India's Digital Personal Data Protection (DPDP) Act, particularly the lack of a deemed consent mechanism for credit information companies, and the Information Technology (IT) Rules of 2021, along with frequent internet shutdowns, could negatively impact the ability of US companies to operate and trade in India.
Indian stock market indices Sensex and Nifty experienced a significant drop in early trade, reversing a three-day rally. The decline was triggered by a sharp increase in crude oil prices, weak global market trends, and continuous outflows of foreign funds.
The makers of Hai Jawani Toh Ishq Hona Hai, including producer Ramesh Taurani and Tips, have vehemently denied producer Vashu Bhagnani's allegations regarding song ownership, calling them a "smear campaign" ahead of the film's release.
India women's cricket team head coach Amol Muzumdar said the team would return richer in 'learnings' despite a 1-4 defeat against South Africa women. He identified the team's inability to strike in the powerplay and lapses in finishing with the bat as key areas of concern.
The Delhi government's Women and Child Development Department (WCD) has introduced a new internship and research framework, offering students in social work, psychology, and related fields structured field exposure at child care institutions and welfare centres.
HDFC Bank is engaging external legal firms, both domestic and international, to investigate the circumstances surrounding former part-time chairman Atanu Chakraborty's resignation.
Veteran Congress leader Mani Shankar Aiyar has criticised his party's decision to ally with the TVK in Tamil Nadu, calling it 'dreadful' and 'low political opportunism'. He fears it could facilitate the entry of the BJP into Tamil Nadu's Dravidian political landscape.
Blast mixes engaging family drama with massy martial arts mayhem to deliver a thoroughly entertaining action ride.
Mumbai Indians head coach Mahela Jayawardene revealed that Jasprit Bumrah's reduced effectiveness in IPL 2026 was due to managing a niggle carried from the T20 World Cup, impacting his sharpness despite adequate rest and workload management.
Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.
Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.
A hospital in Thane, India, has been found operating an unauthorised IVF centre, leading to its closure and a city-wide inspection of all IVF and sonography facilities.
Assistant coach Ian Bell acknowledges Delhi Capitals' inconsistency in IPL 2024, emphasising the need to capitalise on crucial moments and improve consistency in their remaining matches.
Brijesh Singh, Principal Secretary (Information and Publicity), Maharashtra, highlighted the transformative role of Artificial Intelligence in journalism and encouraged women journalists to embrace this technological shift to enhance their skills and drive positive change.
Karnataka Chief Minister Siddaramaiah has called for the establishment of a Supreme Court bench in South India to improve accessibility to justice. Speaking at a conference on Artificial Intelligence in the judiciary, he also highlighted the need to address algorithmic bias and ensure judicial independence in the age of AI.
The National Commission for Women (NCW) has submitted a fact-finding report to the Maharashtra government, revealing pervasive sexual harassment, systemic bullying, and zero compliance with the POSH Act at the Nashik unit of Tata Consultancy Services (TCS). The report details a toxic workplace environment and recommends strict action and compliance with the POSH Act.
Chief Justice of India Surya Kant has cautioned against the uncritical adoption of Artificial Intelligence in the judiciary, emphasising the need to balance technological advancements with human intellect and ethical considerations.
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.
Chief Justice of India Surya Kant cautioned against the uncritical adoption of AI in the judiciary, emphasising the need for human judgement and ethical considerations in judicial decision-making.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
A photo shoot in Jaipur featuring an elephant painted pink has sparked controversy and animal welfare concerns after the elephant's death. The incident has led to calls for stricter regulations on the use of animals in commercial and artistic activities.
The Supreme Court of India has ruled that a minor child cannot be forced to carry a pregnancy to term, urging the government to amend laws to allow rape survivors to terminate unwanted pregnancies beyond 20 weeks.
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
The Paralympic Committee of India (PCI) has terminated the services of coach Naval Singh after Paralympic gold medallist Sumit Antil accused him of mental harassment and verbal abuse.
A female employee of TCS in Nashik, accused of religious conversion and sexual harassment of women colleagues, has applied for anticipatory bail, citing her pregnancy. Police are investigating the allegations, and TCS has launched an internal probe.
HDFC Bank reported an 8.04 per cent increase in its March quarter consolidated net profit to Rs 20,350.76 crore, but highlighted potential near-term risks for small-business borrowers due to the West Asia conflict. The bank's CEO also addressed the recent resignation of its non-executive chairman and hinted at a potential top-level reorganisation.
The Department of Personnel and Training (DoPT) in India is actively integrating artificial intelligence (AI) into government processes to enhance efficiency, transparency, and accuracy. Initiatives include AI-enabled solutions for salary processing, grievance handling, and training content development, with a focus on data security and ethical use.
The Jnanpith Award conferred upon lyricist Vairamuthu has ignited controversy within the Tamil literary community, with prominent figures like Jeyamohan and Charu Nivedita criticising the decision due to #MeToo allegations and questioning his literary merit.
The Athletics Integrity Unit (AIU) has enhanced its intelligence gathering tool to allow two-way communication with anonymous informers of doping and other ethical violations in athletics, while preserving their confidentiality.
Supreme Court judge Justice B V Nagarathna stated that judicial independence in the modern era is not just freedom from external power, but also from algorithmic influence, while speaking at a conference in Bengaluru.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
Supreme Court judge Justice B V Nagarathna has cautioned against the over-reliance on Artificial Intelligence (AI) in the judiciary, emphasising the need for judicial independence from algorithmic influence. She stressed that AI should only serve as a tool and not replace human judgement, which is guided by legal reasoning, constitutional values, and a deep sense of justice.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
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