HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
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.
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has announced that all government officials listed in the Officers of Doubtful Integrity (ODI) will be removed from sensitive positions. The decision follows concerns raised in the state assembly regarding officials with questionable integrity holding key posts and receiving extensions.
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.
Haryana's Chief Minister Nayab Singh Saini reviewed the progress of the Haryana AI Development Programme (HAIDP), a Rs 474-crore initiative developed with the World Bank, focusing on AI skilling, startup incubation, and ethical AI governance.
India is developing legislation to criminalise the trafficking and administration of performance-enhancing drugs to athletes, aiming to combat doping and uphold sports integrity.
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.
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 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.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
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 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.
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
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.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
One of the notable celebrations includes the Rath Yatra -- a spectacular procession through the streets with Lord Mahavir's idol on a chariot, with followers accompanying it while chanting hymns and performing prayers.
The Indian government is unlikely to allow a parliamentary debate on the West Asia crisis, citing prior briefings by the External Affairs Minister. This decision comes amid opposition protests and a pending no-confidence motion against the Speaker.
Vertex Group has launched its 'Responsible AI Lab' with a Rs 100 crore investment in research and development, focusing on ethical, transparent, and accountable AI solutions for businesses.
'We are considering this to ensure swift action on content for which the respective ministries have domain experts and can better determine the illegality of the content or the web site that needs to be taken down.'
The BJD is demanding the dismissal of Odisha's Health minister and the arrest of a BJP MLA for allegedly violating laws during Ram Navami processions. The allegations include riding a motorbike without a helmet and firing a gun in public.
A TCS employee accused of religious conversion and sexual harassment in Nashik has applied for anticipatory bail, as police continue to investigate the alleged misconduct at the IT firm.
Maharashtra minister Narhari Zirwal is embroiled in controversy after a video featuring him and a transgender person went viral, prompting calls for his removal from office.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
The Karnataka government has introduced a draft policy to address the growing concerns surrounding excessive and unsafe digital technology use among students, focusing on mental health, cyber safety, and responsible digital behaviour.
Despite a government ban, Karnataka State Open University (KSOU) in Mysuru proceeded with a lecture series on RSS ideologue Deendayal Upadhyay, featuring virtual and physical attendance by high-profile figures, sparking political controversy and raising questions about university autonomy and ideological influence.
Under Usha and Narang, the National Olympic Academy will "collaborate" closely with the International Olympic Academy in Olympia, to "align India's Olympic education programmes with the Olympic Charter and international best practices."
A cybersecurity expert warns that cyberattacks are increasingly targeting critical infrastructure, posing direct risks to human lives beyond mere data theft. The convergence of IT and OT expands the attack surface, making sectors like aviation, transport, and public utilities highly vulnerable.
Maharashtra minister Narhari Zirwal is facing calls for his dismissal after a video showing him with a transperson went viral. The minister claims the video is doctored and a blackmail attempt, while opposition parties demand his sacking for 'obscene and unethical behaviour'.
The Indian Institute of Technology Kharagpur has announced the launch of a new school dedicated to digital learning, applied artificial intelligence, and machine learning, supported by a significant philanthropic commitment.
'...even though the investigation in the matter is ongoing, we have paid 100 per cent of the principal and interest to relevant departments of the Haryana government.'
Political parties in Kerala are increasingly using AI-generated content to influence voters in the upcoming elections, raising concerns about the blurring lines between reality and fiction in political messaging.
Cybersecurity breaches have emerged as the top risk shaping organisational performance, with 61 per cent of respondents identifying it as the primary risk, said a Ficci and EY report.
A senior health expert warns against the growing trend of using AI for self-diagnosis and treatment, emphasizing that these tools should not replace human clinical judgment.
The Centre has allowed companies to begin lab testing immediately after filing applications instead of waiting for detailed scrutiny, in a move to expedite approvals for manufacture, or import of new drugs.
We know in our heart that speaking the truth on this stupid Iran war will anger Trump and so we look the other way because if we look him in the eye the bully will straighten us out, asserts Aakar Patel.
The government on Tuesday brought in stricter obligations for online platforms on handling AI-generated and synthetic content, including deepfakes, saying platforms such as X and Instagram must take down within three hours any such content flagged by a competent authority or courts.
A Delhi court has dismissed the anticipatory bail plea of a senior IPS officer from Mizoram, accused of conducting unauthorised raids, illegal detentions, and demanding money from a foreign national in Delhi.
