Mumbai, July 27 (IANS) HDFC Bank on Monday said its board has issued warning letters and imposed a monetary penalty of Rs 1 lakh each on Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head – Retail Assets Arvind Vohra following the conclusion of an internal review into the bank’s deposit arrangements with the Maharashtra State Road Development Corporation (MSRDC).The action follows the findings of a Special Disciplin…
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Mumbai, July 26 (IANS) The combined market valuation of nine of India’s 10 most-valued listed companies declined by Rs 2.74 lakh crore last week as a sharp sell-off in domestic equities weighed on heavyweight stocks, with HDFC Bank emerging as the biggest laggard.The decline in market capitalisation came in line with a weak broader market, as the Sensex plunged 2,091.68 points, or 2.67 per cent, during the week, while the Nifty dropped 566.85 points, or 2.32 per cent.Among the country’s top-10 m…
New Delhi, July 24 (IANS) Shares of India’s largest private sector lender, HDFC Bank, fell more than 1 per cent in early trade on Friday after three US law firms announced separate investigations into whether the bank may have violated federal securities laws.The investigations were announced by the Law Offices of Howard G. Smith, the Law Offices of Frank R. Cruz and Glancy Prongay Wolke & Rotter through separate press releases.According to the law firms, the investigations are focused on wh…
Mumbai, July 21 (IANS) Indian benchmark equity indices ended lower for the second consecutive session on Tuesday, dragged down by losses in information technology and public sector banking stocks as investors remained cautious amid continuing geopolitical tensions in West Asia.The Sensex declined 238.41 points, or 0.31 per cent, to settle at 77,470.11, while the Nifty fell 51 points, or 0.21 per cent, to close at 24,187.70.Commenting on Nifty technical outlook, experts said that immediate suppor…
Mumbai, July 21 (IANS) Indian equity markets opened on a flat note on Tuesday as investors remained cautious amid ongoing geopolitical tensions in the Middle East, despite a decline in crude oil prices.Sensex opened 58.89 points or 0.08 per cent lower at 77,649.63, while Nifty fell 22.45 points or 0.09 per cent to 24,216.05.Sectorally, IT, cement and metal stocks bucked the weak broader trend. Nifty IT rose 0.46 per cent, while Nifty Cement and Nifty Metal indices gained 0.51 per cent and 0.33 p…
Surat, July 20 (IANS) Three men from Uttarakhand have been arrested for allegedly facilitating a cyber fraud in which a Surat resident was duped of more than Rs 1.63 crore through a fake gold mining investment scheme, with investigators alleging that the accused provided bank accounts used to route the proceeds of the crime. According to the Surat City Cyber Crime Cell, the fraud took place between December 10, 2024, and April 25, 2025.The complainant was allegedly contacted through a Facebook p…
Mumbai, July 20 (IANS) Benchmark equity indices ended lower on Monday, weighed down by losses in banking and financial stocks as investors remained cautious amid rising geopolitical tensions between the United States and Iran.The Sensex declined 443 points, or 0.57 per cent, to settle at 77,708.52, while the Nifty fell 96 points, or 0.39 per cent, to close at 24,238.50.Commenting on Nifty technical outlook, experts said that the 24,300–24,400 zone continues to be the immediate resistance, with…
Mumbai, July 20 (IANS) Domestic equity markets opened lower on Monday, tracking weak global cues and spike in crude oil prices amid escalating tensions in the Middle East kept investors cautious.Sensex fell over 500 points or 0.7 per cent to an intraday low of 77,591 in early trade, while Nifty started the session 144 points or 0.6 per cent lower at 24,190.05.Sectorally, selling pressure was concentrated in financial stocks, with Nifty Private Bank index dropping more than 2 per cent, followed b…
Bhubaneswar, July 20 (IANS) The Commissionerate Police on Sunday arrested two persons, including a woman, for allegedly duping a Bhubaneswar-based couple of around Rs 90 lakh by luring them to invest in a legitimate online dollar trading business with the promise of high returns. The accused were identified as Nilima Satpathy (41) of Bharatpur area in Bhubaneswar and Manoj Kumar Satpathy (43) of Koeri area in Jajpur district.According to the police, the case (381/26) was registered at Nayapalli …
Mumbai, July 19 (IANS) The combined market valuation of five of India’s 10 most-valued companies surged by Rs 1.54 lakh crore last week with IT major Tata Consultancy Services (TCS) emerging as the biggest wealth creator amid a positive trend in domestic equities.The broader market remained upbeat during the week, with the Sensex gaining 582.06 points, or 0.75 per cent, while the Nifty advanced 127.4 points, or 0.52 per cent.Among the top-10 firms by market capitalisation, Reliance Industries, I…