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,…
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…
Strong growth in tyre exports in Q1 reflects the growing acceptance of Indian-made tyres across global markets Chennai: India’s tyre exports grew 16% year-on-year to ₹7,700 crore in the first quarter of FY27, despite geopolitical uncertainty, supply chain disruptions, and elevated input and logistics costs, the Automotive Tyre Manufacturers’ Association (ATMA) said, citing Commerce Ministry…
BENGALURU: At 12 pm on Friday, Raksha Bandhan shoppers on Instamart were ordering 857 rakhis every minute. One Bengaluru customer spent Rs 10,995 on five rakhis featuring 24-karat gold coins, while a shopper in Gurugram put together a Rs 14,630 basket containing rakhis, skincare products, chocolates and soft toys.These were among the festive snapshots shared…
Jio IPO gets Sebi approval MUMBAI: Jio Platforms, the digital arm of Mukesh Ambani’s Reliance Industries, has secured Sebi clearance for an initial public offering (IPO) expected to raise up to $4 billion, setting the stage for what could be India’s largest-ever stock market debut.In a stock exchange filing on Friday, RIL said Jio Platforms…
US President Donald Trump with Canadian Prime Minister Mark Carney The US-Canada trade war has intensified, with both countries imposing fresh tariffs on a range of goods, including cars, building materials, household products and alcohol. The latest measures come after US President Donald Trump’s threat to raise tariffs on Canadian imports, prompting Prime Minister Mark…
Payment Bill rekindles MDR hopes for large-value UPI MUMBAI: India’s digital merchant payments market grew 19.6% year-on-year to Rs 11.7 lakh crore in July, but the more consequential change was in how that money moved: UPI’s share of person-to-merchant transactions reached a record 77.3%, while credit and debit cards continued to lose ground.According to a…
NEW DELHI: HDFC Bank managing director and chief executive Sashidhar Jagdishan has decided not to seek reappointment when his current term ends on October 26, the country’s largest private sector lender said in a regulatory filing on Saturday.Jagdishan conveyed his decision to the bank’s board and reiterated it despite the board’s “persuasion”, the filing said….
Smartphones became India’s top exported individual commodity in FY 2025-26. In 2020 when the Production Linked Incentive (PLI) Scheme was launched as a cornerstone of the ‘Atmanirbhar Bharat’ push, little did anyone know that smartphones would emerge as the poster boy of its success. Mobile phones assembly and manufacturing is arguably the biggest success story…
