HDFC

Reliance Industries has emerged as India's most valuable company over the past five years, while financial services firms continue to dominate the country's corporate rankings

Chairman Keki Mistry says favourable demographics, rising financial awareness and regulatory reforms will support long-term growth in India's life insurance sector

India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon

The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales

The Bombay High Court has granted temporary injunction against a ransomware group identifying itself as "Morpheus" from distributing or disclosing confidential data exfiltrated by it from the HFDC Asset Management Company. A vacation bench of Justice Shreeram Shirsat, in the order passed on May 29, said prima facie an arguable case was made out to grant interim relief. "If the confidential data is misused or leaked or traded or compromised, it will lead to dreadful consequences and it can cause irreparable and irreversible damage to the plaintiff company," the court said. Apart from the injunction against the ransomware group from using, distributing or disclosing the confidential data, the court also directed the Union government to take all steps necessary to remove, delete, block and disable accounts in relation to the stolen confidential data. The order was passed on an application and suit filed by HDFC Asset Management Company Limited seeking an injunction against the hackers

The CBSE revaluation portal's payment system was hit by a "malicious attack", with around 50 students getting affected, government sources have said. "There were some unauthorised attacks on the portal. The payment gateway was with respect to HDFC about 50-odd children had got in after the hack," a source said. According to the sources, the issue led to abnormal fee displays on the portal, where the payable amount in some cases fluctuated from around Re 1 to nearly Rs 67,000-68,000. "I think out of fun or out of mala fide intention, one rupee was shown and then Rs 67-68,000. So, there were about 50 children in whose cases the amount had changed," the source said. The glitch was linked to the HDFC payment gateway integrated with the system and occurred when the portal went live. "I think the portal was not functional for quite some time. There were issues with respect to the amount where 50 children came in, and they (hackers) manipulated the system," the source said. Four PSU ban

Kotak Institutional Equities said strong retail flows, trading activity and client additions supported earnings growth despite MTM-related pressure

Equity performance and gold ETF demand helped Nippon, HDFC, ICICI Pru, and Tata widen lead

Near-term earnings may face pressure from geopolitical risks and oil prices, but improved valuations and strong fundamentals keep India's long-term equity story intact

Markets have gone through a full cycle in the last five years: crashes, rallies, corrections, and recoveries. But which mutual funds actually delivered?

Higher corporate profits lifted CSR spending, with more firms meeting or exceeding mandated outlays even as some funds remained unspent and were moved to designated accounts

Despite attractive valuations, persistent FPI overweight and limited domestic mutual fund capacity may keep HDFC Bank stock vulnerable to further declines

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics

Many large Indian firms that once commanded premium valuations have had their records and reputations questioned over the past decade

Move follows Atanu Chakraborty's resignation citing ethical concerns; bank seeks to reinforce governance standards amid investor worries

HDFC Bank said that Chakraborty 'did not mention any happenings and practices which were not in congruence with his personal values and ethics'

The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse

HDFC Bank chairman resigns, stock tumbles HDFC Bank’s part-time chairman, Atanu Chakraborty, resigned abruptly, citing differences over the bank’s governance and his ethics. The stock fell nearly 7%

HDFC Bank spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in PM Narendra Modi's administration, left after almost five years as part-time chairman of the lender

Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership