The Economic Times

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.

India's economic outcomes show distortions, not solely free-market forces at play. Company earnings and asset valuations are influenced by government interventions and incentives. Production Linked Incentive schemes support profitability in manufacturing sectors. Rural spending persists due to direct government transfers, not productivity gains. Policy interventions reshape outcomes, making growth seem stronger than it is.

Pidilite Industries expects consumer demand to remain resilient despite inflationary pressures. The company does not foresee immediate price increases in the current quarter. Demand trends in July and August are broadly in line with the June quarter. Pidilite remains confident of delivering double-digit volume growth while maintaining profitability. The company is also expanding its international business and manufacturing footprint.

State Bank of India plans to divest nearly one percent of its National Stock Exchange stake. This divestment will occur as part of the exchange's upcoming initial public offering. SBI's mortgage portfolio is projected to surpass ten lakh crore rupees this quarter. The bank holds a significant market share in the home loan segment. Home loans are considered vital for India's overall economic growth.

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.

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

Over the past two months, 10 penny stocks delivered gains ranging from 13% to 119%, with four emerging as multibaggers.

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.

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.

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.

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.

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.

Securonix CEO Toby Weiss believes AI will not simplify the fragmented cybersecurity landscape. He notes that enterprises are rapidly adopting AI despite security concerns. The recent Hugging Face incident has intensified discussions about AI regulation and governance. Weiss sees Securonix helping customers prepare for security challenges in the AI era. India represents a significant market and engineering talent pool for the company.

RSS chief Mohan Bhagwat addressed the Indian-American community in New York. He highlighted unity in diversity as India's inherent characteristic. Bhagwat urged the diaspora to embrace their land of action and impart values. Interfaith leaders also spoke about oneness and mutual support. The event celebrated global cultures and a call to action.

Partial results from Iceland's referendum show a slim lead for the 'yes' camp. Voters are deciding on whether to restart accession talks with the European Union. Some 51.2% supported the government's proposal, while 48.8% opposed it. A 'yes' vote would be welcomed in Brussels as a low-risk case. Iceland's strategic position also adds appeal amid growing Arctic security focus.

Engaging in positive shared experiences serves as a protective barrier for the cardiovascular system. Joy and contentment trigger the release of brain chemicals that actively diminish inflammation. The connections we foster enhance our health, significantly increasing immunity and longevity. Studies indicate that experiencing shared happiness leads to lower production of the stress hormone cortisol. By valuing daily interactions, we can better support heart health and resilience in aging individ

Donald Trump will be the honorary chairman for the 2026 Presidents Cup. He will attend the event scheduled for September 24-27. The competition will take place at Medinah Country Club in Chicago. Trump previously held this role during the 2017 Presidents Cup. PGA Tour CEO Brian Rolapp stated Trump's involvement elevates the international event.

Janmashtami 2026 date in India: Krishna Janmashtami 2026 will be celebrated onSeptember 4, not September 5. The confusion arises because the midnight birth celebration continues into September 5. Mathura, Vrindavan, Bengal and Gujarat will observe Janmashtami on September 4, while Vrindavan's Nandotsav and many Dahi Handi celebrations follow on September 5.

Venezuela's interim president announced a historic 25-year energy accord with the United States. This agreement targets increasing crude output to 1.5 million barrels daily. It aims to revive the nation's economy and boost government revenue significantly. The deal preserves Venezuela's sovereignty over its vast natural resources. Several companies, including US firms, are expected to sign new oil rights next week.

India's monsoon rainfall deficit has widened to nearly fourteen percent. Erratic rainfall has hurt kharif crop sowing across several regions. Total area under summer-sown crops is lower than last year. Twelve states recorded rainfall deficits exceeding twenty percent since June. Eastern India may see some relief while peninsular India faces continued subdued activity.

East Boot Lake in Minnesota was removed from an impaired waters list after eighteen years. Targeted watershed and in-lake management strategies significantly reduced phosphorus loading into the lake. Agricultural runoff and internal loading were primary contributors to the lake's previous poor condition.

Brigitte Bardot's powerful quote of the day I gave my beauty and my youth to men. I am going to give my wisdom and experience to animals about giving her beauty and youth to men and her wisdom and experience to animals reflects her remarkable transformation from Hollywood icon to passionate animal rights champion. The life lesson behind today's quote explores ageing, purpose, wisdom and how life's priorities can evolve with time.

Japanese proverbs emphasize purposeful living through balanced ambition and effort. Vision without action remains merely a daydream, a mere aspiration. Conversely, action without a clear vision leads to wasted effort and frustration. This ancient wisdom highlights the need for both dreams and practical steps. Achieving goals requires patience, planning, and persistence towards a defined purpose.

Conservation work in southern Delaware is helping restore and protect important habitats within the Nanticoke River watershed. At Middleford North Preserve and the Hurley Tract, The Nature Conservancy and its partners have used habitat management, prescribed fire, and reforestation to improve conditions for native plants and wildlife. A controlled burn in 2018 encouraged vigorous growth of native grasses, milkweed, and purple love grass while creating meadow habitat for pollinators, insects, bir

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.

India now commands global attention and shapes international rules, according to Defence Minister Rajnath Singh. The nation is achieving significant milestones in its space program and preparing for future missions. Developments in education and innovation have propelled India to new heights globally. Character building and values are essential for national development alongside economic growth.

Shiv Sena dispatched leader Rahul Kanal to Kathmandu to assist stranded Indians. Many tourists from Maharashtra were brought from Nepal to Gorakhpur by road. Arrangements are being made for their onward travel by air from Uttar Pradesh. A total of thirty-seven tourists successfully returned to Mumbai on Saturday evening. This effort aimed to facilitate the safe return of citizens after the Nepal floods.

Argentina secured the Women's Hockey World Cup title on Saturday. They defeated hosts Netherlands 3-1 in a tense shootout after a 1-1 draw. This victory marks Argentina's third World Cup title and their first since 2010. Earlier, Belgium claimed bronze by defeating Australia 1-0 in their playoff match. Charlotte Englebert scored the decisive goal for Belgium in that game.

Robert Downey Jr. wore a $1.1 million Jacob & Co. Mystery Triple Axis Flying Tourbillon at Disneys Legends ceremony. The dazzling 44mm watch has a unique feature that it has no traditional hands. Instead, two floating rubies circle 556 gemstones and twin triple-axis tourbillons to reveal the time in motion.

Suryakumar Yadav expressed shock after being dropped from the T20 team post-World Cup victory. He spent weeks contemplating his cricketing future and passion for the game. The batsman admitted to smiling during pressure situations and his name not appearing. He was preparing for future tournaments and the Olympics. Suryakumar now intends to focus solely on T20 cricket.

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.

A Hyderabad techie says his father has offered Rs 30 lakh to help him leave India and pursue a career abroad. The backend developer earns Rs 11 lakh annually and has one year of experience, while considering countries including Australia, Germany, Canada and New Zealand. Reddit users have advised researching overseas job and visa conditions, gaining more experience and building stronger savings first.

BJP national president Nitin Nabin expressed displeasure over three Delhi MPs visiting Sajjan Kumar's residence. The party sought an explanation from the MPs for this politically sensitive visit. Punjab BJP president Kewal Singh Dhillon condemned the gesture as an insult to victims. Senior BJP leader H S Phoolka also strongly condemned the visit and called for action.

Tara Sutaria's Mumbai home reflects her passion for music and art. Her elegant Pali Hill apartment features a baby grand piano and vintage records. The interiors showcase a palette of whites and ivories with carefully selected decor. Artwork and career milestones adorn the walls, marking a new life phase. This residence blends professional achievements with personal interests and cherished memories.

Recalling the sacrifices of the soldiers who laid down their lives to safeguard the freedom and territorial integrity of the country, the Chief Minister said that their indomitable courage, valour and patriotism would continue to inspire generations to come.

HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing.

Sebi has taken decisive action against Trafiksol and its promoters, imposing a one-year ban from the securities market. The company and its directors face penalties totaling Rs 1.05 crore after being found in serious breach of regulations concerning financial disclosures and the allocation of IPO funds. The decision comes in light of complaints regarding Trafiksol's SME IPO, which was significantly oversubscribed at a rate of 345.

MCX recorded its highest-ever daily turnover of Rs 62.93 lakh crore on August 28, driven largely by options activity across more than 3.13 crore contracts. The record comes as the exchange strengthens its physical-derivatives market linkage through standardised delivery norms, supporting greater participation, hedging and depth in commodity markets.

The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in New Delhi. Details regarding the venue and agenda will be communicated shortly. The memorandum has been sent to various government offices and state finance ministers. The GST Council is India's apex indirect tax decision-making body.

Subhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Creditors will recover a fraction of their Rs 22,006.57 crore claims. The insolvency case stemmed from a personal guarantee for a loan default. Chandra expressed confidence in earning again and pursuing new ventures.

Canara Bank, Union Bank of India, and LIC Housing Finance will challenge a repayment plan. The National Company Law Tribunal approved the plan for Dr Subhash Chandra's insolvency case. These lenders opposed the plan, which was approved by other private creditors. They are filing appeals before the National Company Law Appellate Tribunal. The lenders sought a forensic audit which was denied due to their voting share.

Germany's Allianz is reportedly considering a significant takeover bid for the British breakdown recovery group AA. This potential deal is valued at approximately five billion pounds, according to recent reports. Allianz is one of several parties in discussions with AA's advisors about a possible acquisition. Private equity firm EQT is also mentioned as another interested bidder in the process.

Green facades play a significant role in regulating outdoor thermal conditions, although their effectiveness can significantly differ. A comprehensive 2025 study on five green walls across Czech cities revealed that the most substantial reduction in radiant heat was observed in the Holeovice district of Prague. Nevertheless, the findings highlighted that the cooling benefits of green walls are relatively limited in temperate climates, influenced by wall type and local environmental factors.

Nepal's meteorology department warns of fresh rainfall and thunderstorms in flood-affected areas. Ongoing rescue and relief operations face disruption from the worsening crisis. An ice-rock avalanche caused a torrent of water, mud, and debris downstream. Over 600 people have died, and more than 2,400 remain missing. Rescuers continue operations amid fears of another wave of flooding.

Innovative films designed for dryland crops are making a remarkable impact by minimizing heat and water loss. These films effectively permit essential sunlight needed for photosynthesis while limiting excessive heat exposure. Impressive field tests have demonstrated crop yield increases of up to 370 percent. This development provides a crucial new solution for enhancing agriculture in the world's arid regions, which encompass forty-one percent of the planet's land.

Reliance Jio

Vedanta, Wipro and Bajaj Auto were among the stocks that saw the biggest additions to their retail shareholder base in Q1FY27, with several large companies witnessing strong retail participation.

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