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Sensex, Nifty Surge Over 5.7% as Banking Heavyweights Drive Massive Equity Rally Indian equity markets concluded a strong rally last week, powered by significant gains across key financial and industrial sectors. The combined market valuation of eight of the top-10 most valued companies saw a...

Mumbai, April 9 – The benchmark indices Sensex and Nifty plunged on Thursday afternoon trading after a strong rally in the previous session, as fresh tensions in West Asia threatened the ceasefire reached between the US and Iran.Weak trends in Asian markets and continued outflows of foreign...

Mumbai, April 8 The rupee appreciated by 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral...

Mumbai, April 8 The Reserve Bank found no governance or conduct-related issues during its supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday.Responding to a question at the post-monetary policy press conference on the sudden resignation of HDFC Bank Chairman Atanu...

Mumbai, April 8 In an effort to promote ease of doing business, Reserve Bank Governor Sanjay Malhotra proposed on Wednesday to revise and rationalize guidelines to facilitate better utilization of bank board time, and draft directions in this regard would be released shortly.The matters to be...

New Delhi, April 5 The combined market valuation of six of the top-10 most valued companies declined by ₹64,734.46 crore in a shortened week due to the holiday period, with Bharti Airtel experiencing the biggest drop, reflecting the overall weakness in the equity market.Last week, the BSE...

Mumbai, April 4 – HDFC Bank reported on Saturday a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilization, keeping the bank's credit-deposit ratio elevated.According to an exchange filing, the...

Mumbai, April 2 Foreign portfolio investors have withdrawn ₹17,689 crore of their investments in Fully Accessible Route (FAR) government securities since the beginning of the conflict in the Middle East, reflecting heightened risk aversion among global investors and growing concerns over...

Mumbai, March 30 The reasons for his resignation were the mis-selling of AT-1 bonds, which led to criticism from regulators, and the under-performance of HDFC Bank, the country's largest private sector lender, according to former chairman Atanu Chakraborty on Monday.He said that personal...

New Delhi, March 29: The combined market valuation of seven out of India’s top 10 most valued companies declined by Rs 1.75 lakh crore in the week leading up to the holiday, reflecting a broader weakness in equity markets. Reliance Industries recorded the steepest fall during the period...

Indian Stock Markets End Sharply Lower Amid Global Geopolitical Uncertainty Mumbai, March 27 – Indian stock markets fell sharply on Friday, snapping a two-day winning streak as uncertainty over ongoing talks between the United States, Israel, and Iran unsettled investor sentiment.Nifty and...

Jefferies Exits HDFC Bank, Cuts India Exposure After Chairman ResignationNew Delhi, March 27: Global brokerage Jefferies has exited its holdings in HDFC Bank and trimmed its exposure to India across key portfolios following the resignation of the bank’s part-time chairman, Atanu Chakraborty...

Sensex and Nifty Surge as Crude Oil Declines Amid Geopolitical Relief Mumbai, March 25 – The benchmark indices, Sensex and Nifty, continued their upward trajectory in early trading on Wednesday, bolstered by a sharp decline in crude oil prices and positive sentiment across Asian markets. The...

HDFC Bank Appoints External Law Firms to Review Atanu Chakraborty’s Resignation Board Moves to Strengthen Governance Oversight Mumbai, March 24: HDFC Bank has announced that its Board has approved the appointment of external law firms, both domestic and international, to review the resignation...

Mumbai, March 23 In the wake of the HDFC Bank crisis triggered by chairman Atanu Chakraborty's sudden resignation, Sebi chairman Tuhin Kanta Pandey said on Monday that independent directors need to act responsibly and back up any accusations with evidence.In comments that came days after...

New Delhi, March 23 Shares of HDFC Bank have been on a downward trend, falling by nearly 12 per cent in three days, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".On Monday, the heavyweight stock plummeted 4.70 per cent to...

Indian Equity Markets Open Sharply Lower Amid Geopolitical Concerns Mumbai, March 23 – Domestic equity benchmarks experienced a significant downturn at the start of the trading week on Monday, driven by escalating tensions in West Asia and rising crude oil prices.The Sensex was at 72,977.34...

Mumbai, March 22 – HDFC Bank emerged as the biggest loser among India’s top companies last week, with its market capitalization dropping over Rs 56,000 crore, even as broader equity markets remained largely flat.India’s stock markets experienced a cautious week, with five of the top 10...

New Delhi, March 22 — The combined market valuation of five of India’s top 10 most-valued companies declined by over ₹1 lakh crore last week, with HDFC Bank registering the sharpest drop.During the week, benchmark indices showed marginal weakness. The BSE Sensex slipped 30.96 points (0.04%)...

HDFC Bank Terminates Three Employees Over DIFC Onboarding Lapses After Chairman’s Resignation Action Taken Following Dubai Branch Compliance Issues New Delhi, March 21: Days after the resignation of HDFC Bank Chairman Atanu Chakraborty over ethical concerns, the bank has terminated three...