Business

Kumar described governance risks as isolated and manageable events rather than structural failures MUMBAI: HDFC Bank’s newly appointed chairman Rajiv Kumar said the lender’s corporate governance remains fundamentally uncompromised, while asserting that the board will ensure control functions stay fully empowered with zero tolerance for unethical practices.Addressing leadership changes and external scrutiny after the exit…

Indian benchmark indices opened higher on Thursday, extending gains after the RBI kept interest rates unchanged in its latest monetary policy review. The BSE Sensex opened at 78,782.43, up 201.43 points (0.26%) from its previous close of 78,581, while the NSE Nifty 50 opened at 24,641, gaining 16.35 points (0.07%) from its previous close of…

Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer – these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management. The expert has also shared outlook on Nifty50 and Bank Nifty: Stock recommendations Ambuja Cements…

Oil prices edged lower as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal NEW DELHI: Oil prices edged lower on Thursday as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal, potentially ending the five-month conflict and reopening the Strait…

The shake-up comes during a pivotal juncture for Google DeepMind: the flagship version of its latest Gemini model remains unreleased Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and as several leaders of its Gemini model, including veteran engineer…

BENGALURU: Diageo-owned United Spirits has moved Bombay high court against a Food Safety and Standards Authority of India (FSSAI) order concerning McDowell’s No. 1 Rum manufactured at its Baramati plant.The company disclosed the legal challenge on Tuesday, days after the food regulator barred the sale of certain rum and whisky products made by United Spirits…

Centre introduces Taxation and Other Laws (Amendment) Bill in Lok Sabha, proposes fresh tax exemptions, investment-friendly reforms NEW DELHI: FM Nirmala Sitharaman on Tuesday moved the Taxational and Other Laws (Amendment) Bill, proposing fresh steps to woo overseas investors and fund managers into the country, while offering predictability to electronics goods makers and component suppliers.The…

RBI Governor Sanjay Malhotra addresses a press conference on Monetary Policy Statement and Post-Monetary Policy, in Mumbai, Maharashtra. (@reservebankofindia593/Yt via PTI Photo)(PTI08_05_2026_000027B) MUMBAI: RBI governor Sanjay Malhotra said inflows from the special FCNR(B) deposit scheme for non-residents will have a temporary and limited impact on liquidity, with surplus conditions expected to ease after peaking around…

Reserve Bank of India (RBI) Governor Sanjay Malhotra gestures on MPC policy NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to questions on enabling merchant fees on UPI, Malhotra said it was too early to take a view and…

Market participants said that any appreciation of the rupee beyond the 95-per-dollar mark is likely to trigger fresh demand for the US currency. The rupee strengthened to a one-month high on Wednesday, supported by lower crude oil prices. However, gains were trimmed after the Reserve Bank of India delivered its widely anticipated decision to keep…