Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Review of HDFC Bank finds no major governance concerns after chairman exit, says report
HDFC Bank governance review finds no major lapses, clearing the way for CEO Sashidhar Jagdishan reappointment and easing investor concerns.
HDFC Bank shares jump over 3% as report finds no governance concerns post chairman exit
HDFC Bank shares surged over 3% following a Reuters report indicating independent legal reviews found no major governance lapses. This eases investor concerns and clears the path for CEO Sashidhar Jagdishan's reappointment, following the chairman's earlier resignation. The findings are expected to be submitted to the board and the RBI, restoring confidence amid the bank's ongoing merger integration.
HDFC Bank shares climb 3% on governance review findings By Investing.com - Investing.com India
HDFC Bank shares climb 3% on governance review findings By Investing.comInvesting.com India
HDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources say
HDFC Bank's governance review is nearing completion. Law firms are expected to report no significant issues. This development paves the way for the reappointment of CEO Sashidhar Jagdishan. The Reserve Bank of India is reportedly comfortable with this decision. The bank's stability is crucial for the Indian economy. This news has positively impacted the bank's stock.
Indices drift higher in early trade; breadth strong
Barring FMCG index all the sectoral indices on the NSE were traded in green with PSU Bank, IT and auto shares leading the rally.
Stock Alert: J&K Bank, Larsen & Toubro, Coforge, SRF, United Breweries, Hero MotoCorp - Business Standard
Stock Alert: J&K Bank, Larsen & Toubro, Coforge, SRF, United Breweries, Hero MotoCorpBusiness Standard
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200-points higher; L&T in focus after results
Sensex Today | Stock Market LIVE Updates: The two indices to watch though, will be Nifty Bank and Nifty IT. The banking index has struggled to hold above 55,000, while IT stocks also contributed to the recent volatility. L&T and Hero Moto, along with SRF, Coforge, Poonawalla Fincorp, and others will react to their results today. Bajaj Auto reports results today along with announcing a share buyback.
Bombay HC quashes FIR against HDFC Bank CEO Sashidhar Jagdishan in Lilavati Trust case
The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast to recovery proceedings. It stated that the complaint lacked justification for investigation. The court also noted the matter stemmed from civil disputes and recovery actions.
Tata Power’s Bhutan hydro project gets $515 mn World Bank nod
The project in eastern Bhutan, once completed, is set to generate 4,500GWh of clean electricity every year, with 80% of it to be exported to India during the peak summer season.
Stocks to Watch for May 6: L&T, SRF, UCO Bank, Coforge, Poonawalla Fincorp and more
From Larsen & Toubro reporting a mixed set of Q4 results to Poonawalla Fincorp reporting a sharp 309% year-on-year rise in its Q4 net profit at ₹255 crore, here are some stocks to watch ahead of Wednesday's trading session.
Power bank explodes on IndiGo flight shortly before landing at Mohali
An IndiGo flight from Hyderabad to Chandigarh experienced a scare after landing at Mohali. A passenger's power bank caught fire, filling the cabin with smoke. The cabin crew quickly extinguished the flames. All passengers were safely evacuated from the aircraft. A few passengers sustained minor injuries during the evacuation process.
Bombay HC quashes ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan
This was in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai. Shares of HDFC Bank Ltd ended at ₹772.55, down by ₹5.35, or 0.69%, on the BSE today, May 5.