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.
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.
The Bangladesh Cricket Board's (BCB) Integrity Unit has charged two more Bangladesh Premier League (BPL) officials, Md Abdul Kayum Rashed and Md Amin Khan, with alleged breaches of the ICC Anti-Corruption Code, bringing the total number of individuals charged in BPL-linked cases to nine since May.
The Supreme Court has refused to quash proceedings under the Prevention of Corruption Act against former NSE MD and CEO Chitra Ramkrishna, stating that the trial court will determine whether she can be considered a 'public servant' under the Act.
Delhi Police conducted a 96-hour special operation in west Delhi, arresting 19 individuals, including six foreign nationals, and recovering narcotics valued at approximately Rs 5 crore. The operation targeted organised drug supply chains, leading to 17 cases registered under the NDPS Act and the seizure of various illicit substances.
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.
Delhi Police have arrested a 22-year-old man, Md Lal Babu, and his alleged girlfriend, Rukhsar Khatoon, for the murder of his wife, Sabilla Khatun, in Prahladpur last month. The motive is believed to be their relationship. The arrests followed an extensive multi-state investigation involving over 300 CCTV cameras. Lal Babu's cousin, Md Osama, was also arrested for aiding his escape.
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.
Indian benchmark indices, Sensex and Nifty, saw early gains driven by strong buying in IT stocks like HCL Tech, Tech Mahindra, TCS, and Infosys, alongside a significant boost from HDFC Bank.
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.
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.
India's U20 football team secured a dominant 3-0 victory over Bangladesh in their final AFC U20 Asian Cup Qualifiers group match. Goals from Danny Meitei Laishram, Vishal Yadav, and Md Arbash sealed the win, bringing India's total to six points. The team's qualification for the main tournament, potentially after 20 years, now hinges on the outcome of the Syria-Uzbekistan match.
The liver is the second-largest organ in the human body and carries out hundreds of essential functions every day. It filters harmful substances from the bloodstream, processes medicines and converts the food you eat into nutrients your body can use.
Hyundai Motor India Ltd (HMIL) is set to launch a localised mass-market SUV built on a dedicated EV platform, expanding its EV portfolio beyond the IONIQ 5 and CRETA Electric, while also significantly boosting its charging infrastructure and training its workforce.
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
The removal of Goods and Services Tax (GST) on individual health and life insurance has led to a significant increase in new policy purchases and higher coverage levels, despite an initial surge moderating, according to industry experts.
Five-time IPL champions Chennai Super Kings have announced former India pace bowler Zaheer Khan as their new head coach for the IPL 2027 season, replacing long-serving Stephen Fleming.
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.'
koda Auto Volkswagen India is actively exploring various approaches to penetrate India's burgeoning electric vehicle (EV) market, including importing global models, local assembly, and developing highly localised products, as EV penetration is expected to reach 17-18% by the end of the decade.
Ishan Kishan made another strong red-ball statement with 80 after his 270, as East Zone moved within touching distance of the Duleep Trophy title.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
India's U20 football team secured a historic qualification for the AFC U20 Asian Cup main tournament after a 20-year hiatus, following a dominant 3-0 victory over Bangladesh. Goals from Danny Meitei Laishram, Vishal Yadav, and Md Arbash sealed their spot as one of the best runners-up, with the main tournament scheduled for 2027 in China.
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.
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.
In August, Hyundai recorded its highest ever domestic sales for the month with 54,396 units sold, marking a 23.6 per cent Y-o-Y increase. The Creta Electric currently anchors Hyundai's mass-market electric portfolio, while the Ioniq 5 caters to the premium end
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
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.
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.
Senior executives from Meta, the parent company of Facebook, Instagram, and WhatsApp, appeared before India's child rights body, NCPCR, for questioning regarding alleged advertisements promoting child sexual exploitative and abuse material (CSEAM) on its platforms. This follows a BBC report and a stern notice from the Ministry of Electronics and Information Technology (MeitY) to Meta over the issue.
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.
When the Internet reduced Katrina Kaif to her post-pregnancy body, it exposed how society prioritises cruel 'bounce back' ideals over genuine postpartum healing.
India's MSME sector faces a significant formal credit gap of approximately Rs 60 lakh crore, with traditional channels meeting only a fraction of the demand. A new report suggests that a centralised, interoperable digital layer could effectively bridge this gap and enhance productivity across the formal business sector by digitising workflows and enabling cash-flow-based underwriting.
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.
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
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.
State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks.
India's white-collar job market experienced a 14 per cent year-on-year growth in August, with the auto, healthcare, and retail sectors leading the surge, according to a report by Naukri.com.
