Company News

HDFC Bank firefights after chairman Atanu Chakraborty's abrupt exit

RBI clears the air on governance concerns; mcap falls ₹66,433 cr

HDFC Bank may ask ex-chairman Chakraborty to explain resignation concerns

HDFC Bank board may seek clarification from former chairman Atanu Chakraborty over concerns cited in his resignation letter amid questions on governance and management relations

At 71, Keki Mistry underscores integrity at HDFC Bank amid concerns

Keki Mistry takes charge as interim chairman of HDFC Bank, assuring stakeholders on governance and integrity after Atanu Chakraborty's resignation

HDFC Bank board likely to approve CEO Sashidhar Jagdishan reappointment

During an analyst call in the morning, Jagdishan said the best period of the bank will start now, with growth returning to pre-merger levels

Skoda Auto India keeps foot on the pedal, targets 10-12% growth

Skoda Auto India targets 10-12% growth in 2026, outpacing the market, even as West Asia tensions and rising oil prices pose risks to demand and supply chains

Cybersecurity needs more than human intervention in AI age: Nicole Quinn

AI has shortened ransomware attack timelines, making cybersecurity more complex and requiring firms to embed protection from the outset, says Palo Alto Networks executive

Eli Lilly banks on tirzepatide's clinical edge as GLP-1 generics loom

Lilly positions tirzepatide as a clinically superior option as semaglutide patent expiry triggers a wave of generics, intensifying competition in India's diabetes and obesity market

Gas-based power plants increasingly becoming impractical: NTPC chief

NTPC Chairman Gurdeep Singh flags viability concerns for gas-based power plants amid fuel supply uncertainties and stresses need for flexible generation solutions

Aditya Khaitan steps down from Kilburn Engineering board amid changes

Aditya Khaitan steps down as non-executive director of Kilburn Engineering, citing other commitments amid board-level changes within the promoter group

Coal India ramps up measures to ensure coal supply to all segments

Coal India steps up supply measures with increased e-auctions and robust stock levels to ensure uninterrupted coal availability amid disruptions from West Asia crisis

Fintech firm MobiKwik to double down on payment devices business

MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities

Nestle India to add Munch production line at Sanand plant with ₹225 crore

Nestle India will invest ₹225 crore to add a new Munch production line at its Sanand facility, boosting capacity to meet rising demand for confectionery products

NTPC, UK's Octopus Energy sign pact to explore power sector opportunities

Homegrown power giant NTPC has signed an agreement with UK-based Octopus Energy Group to explore business opportunities in various segments, including electricity distribution and storage.

Corporate governance experts seek clarity on Chakraborty's HDFC Bank exit

Experts call for an independent directors' committee to probe circumstances behind Chakraborty's exit, citing ambiguity in resignation letter and investor concerns

Wipro launches GIFT City Hub to provide services to global BFSI clients

The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday

Marrakech landmark La Mamounia turns its attention to the Indian traveller

Century-old property headed by the hotelier who helped reposition The Imperial New Delhi

HDFC Bank 'a strong institution with strong fundamentals': FinMin official

Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard

Mahindra Lifespace aims ₹3,000 cr revenue from new Mumbai housing project

Spanning 25.47 acres, the project is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination

BharatPe appoints Himanshu Verma as head of its POS business unit

He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem

HMSI to invest ₹1,500 crore on new production line at Tapukara plant

It will also generate employment opportunities for over 2,000 people, further contributing to development of the region