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HDFC Bank may turn to Plan B with just two months to find its next CEO
HDFC Bank Deputy MD Kaizad Bharucha is likely to hold the fort while the lender searches for a full-time CEO, putting succession firmly in focus.
Govt plans incentives to help chemical exporters cut US dependence, enter new markets
The proposed measures are aimed at helping chemical exporters pivot to specialty products across Europe, Asia, and Latin America, mitigating US export concentration and Chinese import dependence.
India hopes to win top global telecom post; Pakistan signals support
Revathi Mannepalli, joint wireless adviser at the department of telecommunications, is contesting against two European candidates for the post of director of the Radiocommunication Bureau at ITU.
Group entities to reconcile, settle dues with lenders: Essel Chairman
Subhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlighted that his personal debt stands at zero, backed by 22,000 crore in personal guarantees. The repayment strategy involves Chandra committing 6.25 crore from his own resources, while other entities cover 1,494 crore. Although most amounts have been repaid, some lenders are challenging the NCLT-approved plan and are considering appeals.
'Many deals over $10 billion amid conflicts... this is astonishing': JPMorgan chief Anu Aiyengar
Deal-making momentum is driven by available financing and open markets, while M&A activity focuses on large strategic deals. Private credit has seen a correction, which is seen as healthy for markets. High US yields influence sponsor math, but monetization and exits remain key constraints. Hyperscalers' AI financings involve third-party capital, assessing cash flows and guarantees. Companies are given leeway on AI spending, with accountability expected by 2027.
HDFC Bank eyes revival after peers outperform
Active MFs reduce bets to multi-year low as HDFC Bank shares slide
Market experts anticipate the stock could face further volatility till the announcement of his successor
Here's how to invest your retirement corpus to keep income steady but still earn from your money
Retirement planning requires a thorough analysis of goals, financial status, and lifestyle aspirations. It's crucial to prepare for emergencies while balancing risk in your portfolio, gradually shifting from equities to safer options as you age.
Banks look to push prudent borrowing for small loan-takers
Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline among young borrowers. The campaign will address risks from rapid digital credit growth and predatory apps. It will also focus on improving credit history and timely payment knowledge. The government is pushing youth awareness on financial discipline and credit scores.
IPOs are booming, but 37% fell below issue price: 6 red flags to check hiding in the RHP
Since IPO-bound companies do not have a listed-market track record or exchange trading history, investors largely have to depend on information provided before the listing
Sugar prices have remained steadily over 60 per kg in most retail markets across India today on 30 August. This high price stability comes despite several steps taken by the central government to check rise in cost, according to official data.
The 8th Pay Commission is set to close applications for contract-based consultant roles on its website on Monday, 31 August. With the deadline looming we explain the eligibility, and where and how to submit your applications
Cash market volumes fall to five-month low as CAS swings rattle investors
The ADT on the NSE fell to a five-month low in August as investors turned cautious amid sharp price volatility and widespread profit-booking
Uzbekistan has joined the list of countries that is set to adopt the UPI, the Ministry of External Affairs announced today after PM Narendra Modi's two-day official visit to the Central Asian country.
How Chandra's Rs 6.5 Cr Insolvency Plan Got NCLT Nod
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
Taxpayers with business or professional income cannot switch between the old and new tax regimes every year. Form 10-IEA is required for the switch, with restrictions on re-entering the old regime. Here's what taxpayers filing ITR-3 and ITR-4 need to know for AY 2026-27.
Odisha govt employees who default on court-ordered alimony or maintenance payments may now have the amount deducted directly from their salaries. The payment will be transferred to beneficiaries, with cases integrated into the states HRMS for automated compliance.
Innovation funds invest in companies driving new technologies and disruptive trends. The category has seen varied performance over the past year, with some funds delivering strong double-digit returns. However, none of the funds posted a negative return during the period.
A diversified portfolio can perform very differently depending on how you split your money across Indian equities, debt, gold and US equities. Heres what 16 financial years of data, from FY2011 to FY2027 year-to-date, reveal about the returns across these asset classes.
Noida airports slow take-off: Four big challenges behind its 28.6 crore loss outlook & slow growth
Zurich AG said slower ramp up expected due to challenging geopolitical environment with near-time performance remaining subject to elevated uncertainty
Want to sell inherited agricultural land? Here are the tax breaks available
Inherited agricultural land can attract capital gains tax if it qualifies as urban agricultural land, but reinvestment in a home, agricultural land or specified bonds can help reduce the tax burden.
DA news update: After workers in Punjab undertook a strike on 27 August to push for pending DA and other demands; the state govt has hardened its stance and directed officers to issue notices for unauthorised absences.
India now a major petrol supplier to Russia after refinery disruptions
India has become a significant supplier of gasoline to Russia, with Indian refiners providing 1 million barrels in the last two months, as Ukrainian drone attacks severely disrupt Russia's domestic fuel production.
Former BJP MP Kirit Somaiya seeks SEBI probe into sharp Sensex swing during CAS
Former BJP MP Kirit Somaiya has urged SEBI to investigate the sharp swings in the Sensex during the Closing Auction Session on August 27, when the index plunged over 2,000 points within minutes before recovering much of the loss. He questioned whether the new CAS mechanism, introduced on August 3, has weaknesses related to liquidity and price discovery.
Nifty may be in accumulation phase, says Anand James; Ather, Nazara top bets
Niftys September series begins with a cautiously positive undertone, with options positioning indicating support at 24,00024,100 and resistance at 24,20024,500. A decisive breakout could trigger further gains, while a break below 24,000 may invite downside. Meanwhile, Ather Energy and Nazara Technologies remain among the top stock picks, with analysts seeing further upside after recent bullish breakouts and strong momentum.
Bullion braces for fresh swings as US jobs data, Iran tensions take centre stage: Analysts
September promises volatility in the commodity markets, especially after the notable decline in gold prices. Traders are set to keep a close eye on US job reports and emerging geopolitical events as they navigate market direction. Key inflation metrics and US non-farm payroll data will play vital roles in shaping investment strategies.
Privately placed InvITs eye public listings by March 2027: BIA CEO
The move could increase the number of publicly listed InvITs to 12-14, widening investor participation and improving liquidity in the infrastructure investment market
YouTube is changing the view game. Creators may have to chase attention, not clicks
As YouTube starts counting views from the first frame, creators may have to trade volume for attention, while brands look beyond reach and Netflix steps up its fight for top digital talent.
10 largecap stocks with up to 40% upside potential. Do you own any?
Among BSE large-cap stocks, several companies are currently projected to deliver strong gains over the next 12 months, based on consensus estimates from Trendlyne.
EPFO Employees Enrolment Campaign 2026 aims to widen social security coverage, regularise past compliance and formalise employment. Here are the campaign dates, key benefits and practical takeaways for employers and workers.
Indian Bank to add 100 branches, hire 2,500 as expansion shifts west
Indian Bank plans to open approximately one hundred new branches this year. The bank will also increase its workforce by about two thousand five hundred personnel. This expansion aims to strengthen its presence in Central and Western regions. Asset quality management remains a focus, with targets for reducing NPAs. The lender anticipates its gold loan book will surpass one lakh fifty thousand crore rupees.
FPIs invest Rs 30,919 cr in August, second month of inflows
Foreign portfolio investors (FPIs) have injected Rs 30,919 crore into Indian equities in August, marking their second consecutive month of net buying. This follows a Rs 20,200 crore investment in July, indicating a potential reversal after four months of significant outflows, driven by improving corporate earnings, resilient economic activity, and a stable rupee.
Mint Explainer | What the datura episode says about food safety in online grocery
Amazon, Swiggy, Instamart and BigBasket have been ordered to remove the datura listings, stop selling or distributing the plant as food, and submit compliance reports to the authorities. How will the suspension impact e-commerce platforms' food operations?
Mutual Fund CIO Umesh Mehta says Nifty mega caps may remain subdued as institutional ownership limits fresh buying and earnings momentum shifts towards mid- and small-cap stocks. He explains why Samco Flexicap Fund has allocated 7075% of its portfolio beyond large caps, while highlighting opportunities in defence, power, AI ancillaries and gold, and warning about IPO-led liquidity pressures.
MSCI
How you invest 1.5 lakh in the Public Provident Fund (PPF) could influence the size of your long-term corpus. Heres what investors should know about PPF investment timing, interest calculation and key rules over 15 years.
Markets Brace for GDP, Crude Oil, US Jobs Data This Week
Analysts predict that the Indian stock market's sentiment this week will be primarily influenced by the domestic GDP data announcement, crude oil prices, and the crucial US non-farm payrolls report.
Many credit cardholders fall into debt trap because of their habit of paying only the minimum balance, leading to high interest and prolonged repayment. Check 7 strategies to get out of debt trap and ensure quick repayment
HDFC Bank weighing deputy MD Bharucha, outsider for CEO: Report
HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This search follows recent leadership changes and governance concerns. Sashidhar Jagdishan's retirement is scheduled for October after his second term. The Reserve Bank of India must approve the final appointment.
Mutual fund NFOs: 3 new funds will open for subscription this week
Three new passive mutual funds are set to open for subscription this week, including two index funds and one ETF. UTI Mutual Fund will launch two BSE India Sector Leaders funds, while Navi Mutual Fund will introduce a Nifty REITs & Realty Index Fund. Investors should evaluate these new fund offers based on their risk appetite, investment horizon and financial goals.
SBI, SBI Capital Markets to dilute up to 1% stake in NSE via public offer
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining, he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
GDP data, crude oil prices likely to drive stock markets in week ahead
Trading sentiment in the stock market this week will be largely guided by the domestic GDP data announcement, crude oil prices, and the US non-farm payrolls report, analysts said. Besides, macroeconomic data announcements, auto sales numbers and trading activity of foreign investors would also guide movement in the market going ahead, they added. The coming week is expected to remain highly eventful, with domestic GDP data and global economic releases likely to determine market direction. India's Q1 FY27 GDP data will be released on August 31. Investors will also monitor India's August manufacturing and services PMI readings, GST collections, foreign exchange reserves and movement in the rupee, Ajit Mishra SVP, Research, Religare Broking Ltd, said. US employment data will remain the most important trigger, with the August non-farm payrolls report scheduled for September 4, he said. The outcome could significantly influence expectations regarding the Federal Reserve's September
Mint Explainer | How regional rural banks lowered bad loans and whats next for them?
The improvement comes after years of consolidation and balance-sheet repair, with the government now seeking to leverage RRBs' stronger financial position to expand rural credit, deepen financial inclusion, and improve operational efficiency.
Warren Buffett turns 96: Top 10 investing lessons from the Oracle of Omaha
As Warren Buffett turns 96 in his first birthday since stepping down as Berkshire Hathaway's CEO, the piece revisits the investing principles behind his six-decade run
SBI, arm to dilute up to 1% stake in NSE via IPO
The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI.
HDFC Bank CEO search tests governance & investor confidence
HDFC Bank's chief executive will not seek reappointment after October twenty-sixth. This succession occurs amid ongoing governance scrutiny and recent regulatory issues. The bank's shares have significantly underperformed its peers and the broader market. A new leader must restore investor confidence and address business challenges. The transition is crucial for HDFC Bank's future growth trajectory and standards.
FPIs turn buyers for second month, invest 30,919 cr in August
However, foreign investors remain net sellers in Indian equities in 2026.
Nifty weekly outlook: Nifty trapped in 23,900-24,750 range; fresh buying should remain selective
Nifty ended the week lower after consolidating in a narrow range, with the broader technical structure remaining unchanged. The index moved between 24,076.85 and 24,378.60, while India VIX declined 4.64% to 10.68. Support remains at 23,900
Mcap of 7 of top 10 most valued firms erodes 1.13 trn, Airtel worst hit
Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent
10 penny stocks zoom up to 119% in just 2 months, 4 turn multibaggers. Did you own any?
Over the past two months, 10 penny stocks delivered gains ranging from 13% to 119%, with four emerging as multibaggers.
FPIs turn buyers for second straight month, invest Rs 30,919 cr in August
During August, foreign portfolio investors added over Rs 30,000 crore to Indian equities, showcasing the ongoing trend of substantial market inflows for the second month in a row. This surge can be attributed to enhancing corporate earnings and a stable economic environment. Furthermore, easing global geopolitical tensions have aided investor optimism, yet uncertainties surrounding crude oil prices and US bond yields remain pressing issues.
7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit
Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust buying in IT stocks, which facilitated a recovery in the market on Friday.
Sukanya Samriddhi Yojana: Can you open an account if your daughter has turned 10?
Sukanya Samriddhi Yojana has a clear age cut-off for opening new accounts. Know the SSY eligibility rules, deposit limits, maturity period, interest rate and what happens after a girl turns 10.
Equity mutual funds delivered up to 7% returns last week. Check top 10
Equity mutual funds posted mixed performance last week, with 426 of 621 funds delivering positive returns between August 24 and 29. Nippon India Taiwan Equity Fund topped the list with a 6.56% gain, while the other top performers, including international, healthcare, contra and momentum funds, delivered returns over 2.40%.
Nearly 90 companies, including NTPC, Coal India and Oil India, have scheduled record dates for dividends, bonus issues and stock splits from August 31 to September 4. Investors must hold the respective shares as of the record date to qualify. Mastek, Glenmark Pharma and Triveni Engineering are among Mondays stocks, with several companies announcing dividends for shareholders.
India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies
Indian refiners supplies as much as 1 million barrels of gasoline in the last two months. The supplies essentially come from Vadinar refinery in Gujarat, operated by Nayara Energy, which is half owned by Russia's Rosneft
From hidden spare keys to unrecorded ownership, Gurugram-based real estate firm Shail Homes shared what new owners must do immediately to truly secure their new investment.
These 5 flexicap funds delivered up to 15% CAGR in 3 years. Do you own any?
These five flexicap mutual funds delivered strong returns over the past three years, with annualised returns ranging from 18.1% to 20.2%, according to ET Wealth data as of August 19, 2026. Bank of India Flexi Cap Fund topped the list with a 20.2% CAGR, followed closely by Motilal Oswal Flexi Cap Fund at 20.1%.
To maintain coverage and protect No Claim Bonus, vehicle owners should renew their insurance before expiry since delayed renewal can lead to financial repercussions. Timely renewal safeguards against untoward accidents.
The 8th Pay Commission may consider higher annual increments alongside a revised fitment factor. While a higher fitment factor could boost basic pay immediately, 5% or 7% increments may deliver stronger salary growth over time.
Reliance Jio IPO: Google, Meta among 6 investors to retain stakes in Rs 37,700 crore offer
Reliance Industries telecom and digital arm Jio Platforms has secured Sebi approval for its IPO, taking one of Indias most closely watched listings a step closer to the market.
GDP data, crude prices among 7 factors likely to steer D-Street this week
Indian equities are likely to take cues from a slew of domestic and global factors this week, including Indias first-quarter GDP data, US jobs numbers, crude oil prices, institutional flows and global technology sentiment. Analysts expect the Nifty to remain in consolidation, with the technical setup balanced as investors track key resistance and support levels.
Young investors do not necessarily need to avoid debt mutual funds, even if they can take higher equity risk. Experts explain how debt can provide stability, liquidity and diversification based on financial goals and investment horizons.
A 1 crore home loan for 20 years can cost significantly more as interest rates rise. Here is a simple comparison of EMI, total interest and repayment at rates from 7% to 10%. Before locking in on any home loan offers it is wise to carry out proper due diligence.
Amex Cardholders have until 11:59 PM on 29 September 2026 to maximise the programme.
Can a credit report mistake raise your loan cost? Expert explains what borrowers should know
Credit report mistakes can affect how lenders assess borrowers and potentially influence loan eligibility, interest rates and terms. Heres how to spot inaccurate information, dispute errors and protect your credit profile before borrowing.
Buying life insurance online? Beware of fake policy offers, phishing links and payment scams
Buying life insurance online can expose customers to fake policies, phishing links, payment fraud and impersonation scams. Experts explain the warning signs and simple steps to protect your money, personal information and insurance policy.
A tax notice issued in a deceased taxpayers name should not be ignored by legal heirs. Heres what heirs need to know about registering as a legal representative, responding to notices and handling tax dues or refunds.
Bank holidays this week: Banks will remain open for 5 to 6 days this week. Closed on 4 September for Janmashtami in various cities and on 11 September for elections in Jaipur. Check RBI holiday calendar here.
How to spot IPO red flags before you invest
IPO activity is heating up, but investors need to look beyond the hype. Heres how to use an IPO's red herring propsectus to assess financials, governance, valuation and other warning signs before subscribing.
Trust and jargon can be dangerous. Invest only in what you understand
Opacity, complexity, apparent sophistication, can all become proxies for a good investment, and investors can fall for that.
25,000 monthly savings: How to balance SIPs, stocks and FDs for growth and safety
Investing 25,000 every month? Learn how to balance mutual fund SIPs, stocks, fixed deposits and safer assets based on your financial goals, risk appetite and investment horizon.
HDFC Bank CEO Sashidhar Jagdishan to step down in October
Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process.
On September 1, LPG and ATF prices, along with banking charges, may change. Consumers should check local prices and bank fees to avoid unexpected costs. Important tax deadlines also impact taxpayers, with August 31 being crucial for return filings and Aadhaar authentication.
Subhash Chandra denied accusations regarding a 22,000 crore personal debt, asserting true lender claims are 3,992 crore. Canara Bank, Union Bank, and LIC Housing Finance plan to contest the NCLT's endorsement of a contested repayment arrangement in upcoming NCLAT appeals.
There is increasing demand for education loans from Tier II and III cities, lending data from Kuhoo Finance platform showed. Smaller cities account for 86.5% of applications on the platform, it added.
HDFC Bank CEO Jagdishan opts out of reappointment
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
In September 2026, banks in India will observe holidays based on regional celebrations, as per the RBI calendar. Customers should confirm local bank schedules before visiting, as not all holidays apply nationwide. Digital services remain available during closures.
EPFO 3.0: Centralised database, more digital and online withdrawal options through UPI and ATM, quicker settlement times and more. Here's a look at the key features, and what changes for subscribers
HDFC Bank CEO Sashidhar Jagdishan steps down: How the lender fared under his leadership
HDFC Bank CEO Sashidhar Jagdishan announced his resignation as his term ends on October 26. He has led the bank since October 2020, overseeing significant mergers and profit growth, while also facing controversies related to irregularities and regulatory issues during his tenure.
UPI transaction limits explained: From 1,000 to 5 lakh, how much can you transfer?
NPCI and the RBI have permitted higher transaction limits for certain categories. These include tax payments, initial public offerings (IPOs), hospitals and educational institutions, among others
HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution.
8th pay commission meeting in Jaipur on Monday Here is what's on the agenda and latest updates
The 8th pay commission has scheduled a meeting in Jaipur from 31 August to 1 September to consult with employee groups and stakeholders before finalising recommendations. The announcement is expected latest by May 2027.
Private credit offers up to 22% returns: Why the advertised gains may not be what you get
Private credit offers higher returns but entails significant risks compared to traditional debt investments. Investors must evaluate underwriting practices, fund performance, and fees, while being mindful of liquidity and the impact of taxes on returns.
Tempsens IPO delivers record listing gains, boosting August's market performance
Tempsens Instruments India has emerged as the strongest mainboard IPO debutant of calendar year 2026 so far, delivering a 95.55 per cent gain on its listing day, surpassing all previous top performers and contributing to August being the strongest month for listing gains this year.
Can Indias Grid Handle the Renewable Energy Surge?
A Mumbai ITAT ruling has clarified how Section 54 applies when taxpayers invest in two adjacent flats. The Tribunals finding on their amalgamation could offer an important distinction from the rule governing investment in two separate residential houses.
Got 1 crore in ESOPs? You may need 22 lakh upfront before you can cash out
Falling valuations coupled with delayed exits decrease certainty regarding when and at what price shares can be monetized
Prataap Snacks completes acquisition of RLOP Food Processing
Consequent to the completion of the acquisition, target company has become a wholly-owned subsidiary of the Company.
