HDFC Bank CEO Sashidhar Jagdishan decides not to seek third term, will retire on Oct 26; board to fast-track successor selection. MUMBAI: HDFC Bank MD & CEO Sashidhar Jagdishan, chief of the country’s largest private lender, has decided not to seek a third term and will retire on Oct 26, bringing an unexpected end to…
Canara Bank, Union Bank challenge NCLT’s approval of Subhash Chandra’s repayment plan offering creditors just 0.03% recovery. MUMBAI: Canara Bank and Union Bank of India are challenging NCLT’s approval of Zee group founder Subhash Chandra’s repayment plan, under which creditors would recover 0.03% of their admitted claims relating to his liabilities as a personal guarantor,…
Next HDFC Bank CEO Will Be In By Oct: Sources MUMBAI: Sashidhar Jagdishan’s decision not to seek another term has brought Kaizad Bharucha, an HDFC Bank old guard and an earlier contender for the top job, into focus as a possible successor.Sources said a successor will be in place before Jagdishan steps down in Oct,…
Bitumen prices remain elevated in India as supply improves but crude sourcing challenges keep road construction costs high NEW DELHI: India had faced a severe bitumen shortage at the peak of the West Asia crisis despite receiving crude supplies from Russia. The reason was that Russian oil is predominantly “sweet crude”, making it unsuitable for…
US President Donald Trump has put Venezuela’s vast oil reserves at the centre of what he calls “the biggest oil deal in world history.” Venezuela’s interim President Delcy Rodriguez stated that the energy pact with the US will last 25 years and aims to revive the country’s struggling oil industry.Trump said the deal was negotiated…
Motorcyclists ride past a billboard depicting US President Donald Trump inside a catering container in downtown Tehran, Iran Six months into the war between the US, Israel and Iran, some of the worst fears for the global economy have failed to materialise, despite the conflict driving up energy and food costs, disrupting travel and trade,…
India’s economy set for 7-7.2% growth in FY27 despite global headwinds India’s economic engine is expected to stay firmly on track in FY27, with real GDP growth projected at 7-7.2%. The growth comes on the back of strong domestic demand and continued government spending on capital projects supporting economic activity, EY said in a recent…
Stock market headed for busy week; GDP data, global cues and more in focus Dalal Street is set for a busy week, with India’s GDP growth data and key US jobs report likely to steer market sentiment. Investors will also track crude oil prices, foreign investor flows and auto sales for further cues.One of the…
Where are gold and silver prices headed this week Gold and silver prices could remain under pressure in September, with US employment data, central-bank expectations and geopolitical tensions likely to drive trading.The bullion market is set to enter the month on a cautious note the after witnessing a sharp sell-off last week. On the Multi…
Foreign investors pump over Rs 30,900 crore into Indian equities in August Foreign investors returned to Indian equities in August with a stronger buying pace, putting Rs 30,919 crore into the market and extending their net purchases for the second month. The latest inflow came after Rs 20,200 crore was invested in July, offering a…
