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Mumbai, March 19 The benchmark stock indices, Sensex and Nifty, plummeted by over 3 per cent on Thursday as a sharp increase in crude oil prices and weak global trends, amid escalating strikes on energy infrastructure in West Asia, unnerved investors.The 30-share BSE Sensex fell by 2,496.89...

New Delhi, March 19 A day after HDFC Bank Chairman Atanu Chakraborty resigned due to ethical concerns, a top official from the Finance Ministry said on Thursday that the bank is a "strong institution with strong fundamentals".Financial Services Secretary M Nagaraju said that the Reserve Bank...

March 19, New Delhi – The Reserve Bank has taken note of the recent developments at HDFC Bank, and a transitional arrangement is being put in place regarding the position of the bank's Part-Time Chairman.HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a...

Mumbai, March 19 Hours after HDFC Bank Chairman Atanu Chakraborty resigned, citing ethical concerns, the Reserve Bank said on Thursday that there were no significant concerns regarding the bank's conduct or governance."HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound...

New Delhi, March 19 HDFC Bank's shares plunged by nearly 9% on Thursday morning trading after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 8.41% to Rs 772 – its 52-week low – on the BSE.On the NSE, the...

Mumbai, March 19 The benchmark indices in the Indian stock market, Sensex and Nifty, fell in early trading on Thursday after a three-day rally, following a sharp increase in crude oil prices and weak global trends.Furthermore, continued outflows of foreign funds also dampened market sentiment...

New Delhi, March 19 In a sudden move, Atanu Chakraborty resigned as chairman of the country's second-largest lender, HDFC Bank, citing ethical concerns.This is the first time that the part-time chairman of HDFC Bank has resigned mid-way, raising concerns about its functioning."Certain events...

Bhopal, March 18 – The Enforcement Directorate (ED), Bhopal Zonal Office, has provisionally attached 11 immovable properties worth Rs 20.59 crore belonging to M/s Jayshri Gayatri Food Products Pvt Ltd and its Managing Director, Kishan Modi, under the Prevention of Money Laundering Act (PMLA)...

Bhopal, March 16 – The Enforcement Directorate's Bhopal Zonal Office has arrested Kishan Modi, a key individual linked to M/s Jayshri Gayatri Food Products Pvt Ltd, in a major money laundering case involving the production and export of adulterated dairy products.The arrest was made on March...

Mumbai, March 16 The stock market benchmark indices, Sensex and Nifty, rebounded by over 1 per cent on Monday after experiencing a significant decline in the previous three trading days, driven by value buying in blue-chip banking stocks.The 30-share BSE Sensex rose by 938.93 points or 1.26...

Mumbai, March 16 – The benchmark equity indices, Sensex and Nifty, rebounded on Monday after a three-day slump, driven by value buying in blue-chip stocks like HDFC Bank and State Bank of India.In the initial trading session, the 30-share BSE Sensex declined by 179.31 points to 74,384.61. The...

New Delhi, March 15 The combined market valuation of the top 10 domestic firms declined sharply by Rs 4.48 lakh crore last week, in line with a steep decline in equities, with major banking firms State Bank of India and HDFC Bank experiencing the biggest losses.Last week, the BSE benchmark...

Mumbai, March 13 The benchmark indices Sensex and Nifty continued their downward trend in early trading on Friday, falling by nearly 1%, as the ongoing conflict in West Asia and rising oil prices continued to dampen investor sentiment.Heavy selling in global markets, persistent outflows of...

Mumbai, March 11 Benchmark indices Sensex and Nifty declined in early trading on Wednesday after a day of relative calm amid ongoing tensions in the Middle East and continued outflows of foreign funds.Weakness in blue-chip bank stocks also contributed to the decline in the markets.The...

New Delhi, March 10 A Delhi court on Tuesday ordered the contractor to be held in one day's judicial custody, after he was arrested in connection with the death of a bank employee following an accident involving his motorcycle in Janakpuri.The contractor, Himanshu Gupta, had been evading...

New Delhi, March 9 – The National Highways Authority of India (NHAI)-sponsored Raajmarg Infra Investment Trust (RIIT) announced on Monday that the initial portion of its upcoming IPO will be allocated exclusively to domestic investors.The anchor book will open for subscriptions on March 10...

Chandauli (UP), March 8 A property dispute and mounting financial tensions allegedly drove a man to kill his younger brother, a 27-year-old farmer, in the district of Chandauli in Uttar Pradesh, police said on Sunday.The incident occurred on Friday in Jamalpur village, in the Kandwa area, when...

New Delhi, March 8 The combined market valuation of eight of the top-10 most-valued companies declined by ₹2,81,581.53 crore last week, with State Bank of India experiencing the biggest drop, in line with a weak trend in equities.Last week, the BSE benchmark fell by 2,368.29 points, or 2.91...

Srinagar, March 6 A court in the Shopian district of Jammu and Kashmir has denied bail to five HDFC Bank officials accused of large-scale financial fraud, the Crime Branch said on Friday.A spokesman for the Economic Offences Wing (EOW) said that the Court of the Chief Judicial Magistrate...

Srinagar, March 6 – The Chief Judicial Magistrate (CJM) in Shopian district, Jammu and Kashmir (J&K), on Friday rejected the bail applications of five HDFC Bank officials who were allegedly involved in a major financial fraud case.Officials said on Friday that in a significant development in a...