Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
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.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
With less than a month to go, football fans have all fingers -- and toes -- crossed, notes Kanika Datta.
Most defections originated from three major parties -- the Congress, BJP and BSP.
Kanwal Rekhi is a peaceful techie who ardently believes in competitive market economics and democracy, despite the trauma his family suffered during Partition and his narrow escape from violent mobs in 1984.
Raghav Chadha explains his decision to leave the AAP, citing a 'toxic' work environment where leaders were allegedly prevented from working and speaking freely.
SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.
HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
The Aam Aadmi Party has petitioned for the disqualification of seven Rajya Sabha MPs who defected to the BJP, citing violation of the anti-defection law and betrayal of the people's mandate.
The delimitation of constituencies, which aimed to reduce the influence of minority candidates, is a significant factor in the NDA's strong performance in the Assam elections, where they secured a record 102 seats. The 2023 delimitation exercise redrew constituencies, reserving some Muslim-majority seats for indigenous communities, which increased the BJP and its allies' seat count.
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
Air India CEO and MD Campbell Wilson has resigned after four years at the helm, prompting the airline to form a committee to find his replacement. Wilson's tenure saw significant changes, including the merger of airlines and fleet expansion, but also faced challenges such as the London-bound flight crash and safety concerns.
The AAP government in Punjab successfully moved a Confidence Motion in the state assembly, following the defection of seven Rajya Sabha MPs to the BJP. Chief Minister Bhagwant Mann asserted the party's strength and national presence during the special session.
The Punjab police registered two FIRs under sections for non-bailable offences against Rajya Sabha MP Sandeep Pathak. Both FIRs were filed in different districts of Punjab.
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.
HDFC Bank, India's largest private-sector lender, has revised its FY27 growth trajectory, stepping back from earlier guidance to align with a more measured 12 per cent year-on-year expansion, citing geopolitical uncertainties.
The criminal trial of Israeli Prime Minister Benjamin Netanyahu is set to resume after being suspended due to emergency restrictions imposed on the judiciary amid the ongoing conflict with Iran.
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 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.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
Puducherry witnessed a historic voter turnout of 89.87% in the recent Assembly elections, the highest since 1964. The election saw a contest between the NDA and Congress-led bloc, with other parties also vying for influence. Polling was largely peaceful, with a minor clash reported.
NCP (SP) leader Rohit Pawar has raised doubts about the circumstances surrounding the death of Deputy Chief Minister Ajit Pawar in an air crash and plans to provide a detailed presentation on the matter.
Voters in Kerala, Assam, and Puducherry are voting in crucial assembly elections.
Small parties have the capacity to play both ends against the middle. Puducherry could be heading that way, points out Aditi Phadnis.
Indian IT services companies are set to significantly increase their acquisition spending to $6.5-7 billion this year, up from $5 billion last year, as they seek to boost revenue and capabilities in areas like Cloud, data, enterprise platforms, and AI amidst a challenging economic environment.
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 Jammu and Kashmir government reports that over 3,000 schools have experienced low or zero enrolment since 2022, prompting school closures and mergers. The report details the financial implications and district-wise breakdown of the affected schools.
Senior JD(U) leader K C Tyagi has resigned from the party after a long association, stating his commitment to ideological principles and respect for Nitish Kumar remain unchanged. He plans to decide his future course of action soon.
The talks about the reunification had already started when Ajit Pawar was alive. In fact, the two parties even contested the civic polls in Pune and Pimpri Chinchwad together.
In an era where today's cricketers seldom read reports or build personal bonds with journalists, these four belonged to a different, warmer time. They valued relationships. They acknowledged the storyteller.
'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.
Former JD(U) leader KC Tyagi has joined the Rashtriya Lok Dal (RLD), citing shared ideologies with Chaudhary Charan Singh and Ram Manohar Lohia. He aims to strengthen the party and champion the cause of farmers.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
What is the reason behind this drying up of talent for the top post in private banks?
Sunetra Pawar, wife of late NCP leader Ajit Pawar, was sworn in as Maharashtra's first woman deputy Chief Minister after being elected as the leader of the NCP legislature wing.
Sunetra Pawar, wife of the late Ajit Pawar, has been appointed as the first woman Deputy Chief Minister of Maharashtra, marking a new chapter for the NCP and presenting her with the challenge of leading the party.
'The entire Pawar family -- Sunetra Vahini, Jay and Parth Pawar (Ajit Pawar's sons), Sharad Pawar, his daughter Supriya Sule -- will sit together and decide how to move forward.'
