HDFC Bank: Chakraborty Resigns, Mistry Interim Chairman
HDFC Bank announces the resignation of Chairman Atanu Chakraborty, appointing Keki Mistry as interim chairman. The move comes amid market scrutiny of the bank's ADR performance and governance.
Category : Business
Nifty50, Sensex Crash Over 2% on Fed, Israel-Iran War Fears
Indian equity benchmarks Nifty50 and BSE Sensex plunged over 2% in opening trade Thursday, triggered by US Federal Reserve's unchanged rates and escalating Israel-Iran conflict impacting oil prices and global markets.
HDFC Bank Stock Drops After Chairman's Ethical Resignation
HDFC Bank shares fell sharply after part-time chairman Atanu Chakraborty resigned, citing misalignment with his principles. The stock opened down 4.39% amid broader declines.
SGX Nifty Up, Sensex to Open Higher on March 17, 2026 (19.03.2026)
Indian stock markets are set for a positive opening on March 17, 2026, with SGX Nifty indicating gains. Key factors include global market trends, Fed meeting outcomes, and movements in HDFC Bank and Kotak Bank shares.
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HDFC Bank Chairman Resigns Over Values and Ethics Differences
Atanu Chakraborty, Chairman of HDFC Bank, has resigned from his position, citing differences in values and ethics with the bank's management. This unexpected move raises questions about governance and leadership at India's largest private sector bank.
Brent Crude Surges 4% After Iran-Qatar Energy Attacks
Brent crude oil prices surged over 4% to $112.17 per barrel following Israeli strikes on an Iranian gas field and retaliatory attacks on Qatar's key fuel hub, raising global supply concerns.
Punjab Power Demand Halves as Temperatures Dip Post-Rain
Punjab's electricity demand has sharply fallen from 11,400 MW to 5,500 MW due to recent rainfall and cooler weather, providing relief to PSPCL amid grid stability concerns.
Amazon Clarifies USPS Partnership, Details Failed Talks
Amazon issues a blog post clarifying its relationship with USPS, stating negotiations for a new contract broke down in December after over a year of talks, creating uncertainty for its logistics planning.
India's Semiconductor Production to Hit 60% by 2035
India is poised to meet 60% of its semiconductor demand through domestic production by 2035, up from 10% currently, driven by massive investments and ecosystem development, according to a Deloitte report.
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Stock Markets Closed for Gudhi Padwa, Ugadi on March 19, 2026
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on March 19, 2026, for Gudhi Padwa and Ugadi festivals. Check the full 2026 holiday calendar for trading schedules.
WABAG's West Asia Projects Unaffected by Conflict, Reconstruction Opportunities
Chennai-based VA Tech WABAG reports its $400 million West Asia water projects remain largely unaffected by ongoing conflict, with potential for reconstruction opportunities in desalination and wastewater infrastructure.
UP-RERA Clears 24 Projects Worth Rs 6,841 Crore
UP-RERA has approved 24 real estate projects valued at Rs 6,841 crore across Uttar Pradesh, with GB Nagar dominating in approvals, investment, and unit count. The approvals signal strong investor confidence in the state's regulatory framework.
Indore Chemical Factory Fire: 11 Workers Rescued from Blaze
A massive fire erupted at a pest control factory in Indore's Palda industrial area, sending thick smoke plumes skyward. Quick action by a local corporator and residents rescued trapped workers, with 11 sustaining minor injuries.
India's Restricted Real Estate Markets: Sikkim to Manipur
Explore India's most regulated real estate markets where land ownership for non-residents faces strict restrictions. Learn about Sikkim, Arunachal Pradesh, Nagaland, Manipur, and Mizoram's unique property laws designed to protect indigenous communities an
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Gurgaon Allots 2,709 Flats to EWS Families Under CM Scheme
In a major boost for affordable housing, 2,709 EWS families in Gurgaon received flats under the Chief Minister Housing Scheme via an online draw, providing 200 sq ft units at Rs 1.5 lakh each.
India Orders Oil & Gas Firms to Share Import-Export Data
The Indian government has directed oil and gas companies to share import and export data to enhance transparency and monitor energy flows. This move aims to improve policy-making and ensure efficient resource management.
Nuvama's Stock Picks: Chambal, Ather, KSB Recommendations
Aakash K Hindocha of Nuvama recommends buying Chambal Fertilisers, Ather Energy, and KSB stocks. He also shares views on Nifty and Bank Nifty amid market volatility and geopolitical tensions.
Morgan Stanley Bullish on RIL, Analysts See $3B Green Deal
Morgan Stanley maintains overweight rating on Reliance Industries with a Rs 1,803 target. Analysts highlight a $3 billion green ammonia deal and a $20 billion valuation for RIL's new energy business, citing strong growth prospects.
UP's Mega Textile Park Under PM MITRA to Boost Industry
Uttar Pradesh is advancing a 1,000-acre integrated textile park in Lucknow with Rs 990 crore investment under the PM MITRA scheme, aiming to create jobs and attract over Rs 63,000 crore in proposals nationwide.
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Maharashtra Farmer to Speak at Oxford AI Conference on Sustainable Farming
Ravindra Metkar, a farmer from Maharashtra's Amravati district, will share his journey from earning Rs 150 monthly to building a Rs 15-crore agricultural enterprise at Oxford University's Global Research Conference on AI.
HDFC Bank Chairman Resigns Over Ethical Concerns on Internal Practices
Atanu Chakraborty resigns as HDFC Bank's non-executive chairman, citing internal practices misaligned with his values. The move raises governance questions at a key financial institution.
UP Government and Industry Push for MSME and Women-Led Business Growth
Uttar Pradesh officials and industry representatives emphasized enhanced awareness of government schemes, easier financial access, and stronger institutional support to boost MSMEs and women-led enterprises at a Lucknow workshop.
UP Job Fair: 2,500+ Youths Hired, New Digital Tools Unveiled
A mega job fair in Uttar Pradesh saw 2,527 youths receive job offers from 116 companies, with salary packages up to Rs 40,000. The event also featured the launch of three digital platforms to modernize skill development.
Prayagraj LPG Distributors Seek Higher Supply for Festivals
LPG distributors in Prayagraj urge authorities to increase daily supply quotas to clear backlogs ahead of Navratri and Eid, citing manageable demand with fixed cylinder allocations and mandatory booking gaps.
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Dubai-Oman Green Corridor Transforms Global Sea-Air Logistics
Dubai unveils a 'green corridor' with Oman for seamless sea-air cargo, promising faster, more efficient trade between Asia, the Middle East, and beyond, reshaping global supply chains.
Bike Taxi Service in T'puram Faces Auto Union Opposition
Autorickshaw and taxi workers in Thiruvananthapuram strongly oppose the new bike taxi service by Rapido, citing threats to their livelihoods and passenger safety concerns. The union warns of protests if authorities don't intervene.
Jaipur's Longest Elevated Road Planned Over Dravyavati River
Jaipur Development Authority is preparing a detailed project report for a proposed elevated road corridor over the rejuvenated Dravyavati River, which could become the city's longest elevated road with minimal land acquisition required.
Rajasthan Launches 3 Industrial Policies to Boost Manufacturing
Chief Minister Bhajan Lal Sharma announced the Rajasthan Industrial Park, Aerospace & Defence, and Semiconductor Policies on Foundation Day, alongside inaugurating projects worth Rs 245 crore.
Valiyathura Sea Bridge Redevelopment Stalls After Bid Rejection
The Kerala Maritime Board has rejected the lone expression of interest for redeveloping Valiyathura's historic sea bridge, delaying the coastal restoration project until after elections.
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Gurgaon Seals Illegal Palam Vihar Units in Enforcement Drive
Gurgaon authorities order immediate sealing of illegally built dwelling units in Palam Vihar, disconnecting utilities and investigating compliance lapses after court directives.
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