HDFC Bank has moved to reassure stakeholders following the resignation of its part-time Chairman Atanu Chakraborty, asserting that there are no regulatory or operational concerns linked to his exit, while appointing Keki Mistry as interim chairman for three months. Addressing
Despite a raging war in the Middle East, involving the US and Israel on one side and Iran on the other, shares of Chinese defence companies are trading with sharp cuts. Iran and China share deep strategic ties involving oil
Following the HDFC Bank chairman’s resignation, the Reserve Bank of India (RBI) has issued a statement reassuring the public about the bank’s financial stability, governance, and overall sound position in the Indian banking sector. Photograph: ANI Photo Key Points RBI
LPG is used to heat the air needed for withering and drying tea leaves. IMAGE: Workers carry freshly plucked tea leaves. Photograph: Sahiba Chawdhary/Reuters Key Points Around 41 per cent of Darjeeling tea is exported. Darjeeling tea gardens maintain limited stocks
Discover why Cognizant’s Chief AI Officer believes India is uniquely positioned to lead in artificial intelligence development, thanks to its tech-savvy population and robust digital infrastructure. IMAGE: Workers carry freshly plucked tea leaves.Illustration: Dado Ruvic/Reuters Key Points India’s strong technology
Indian stock markets surged, with Sensex and Nifty closing higher for the third consecutive day, driven by factors like falling crude oil prices and a robust IT sector performance. Illustration: Dominic Xavier/Rediff Key Points Sensex and Nifty indices closed nearly
Reliance Jio Platforms has appointed as many as 17 banks to manage its much-awaited IPO, which is expected to be structured entirely as an offer-for-sale (OFS), according to a Reuters report citing sources familiar with the matter. This means no
Edelweiss Asset Management Company, led by Radhika Gupta, has announced the launch of India’s first hybrid passive index fund, which will have a mix of both equities and government bonds. The new fund offer (NFO) has opened for subscription today,
The observations came in a judgment delivered by a Bench of Justices J B Pardiwala and R Mahadevan while examining the validity of a provision in the Social Security Code, 2020. Photograph: Lucy Pemoni/Reuters Key Points SC underscored the absence of
Jio Payments Bank is revolutionising cash access in India with its new UPI-based cash withdrawal service, designed to boost financial inclusion and simplify transactions for users in rural and semi-urban areas. Key Points Jio Payments Bank introduces UPI-based cash withdrawals
