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Why is market rising today? Sensex rallies 700 points, Nifty above 22,600. 6 key factors driving rebound
After a long slump, the Indian stock market is experiencing a refreshing surge, with both Sensex and Nifty indices showcasing notable increases. The recent leadership transition at HDFC Bank has invigorated investor trust and market dynamics. With oil prices dropping and inflation worries easing, combined with a…
HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
HDFC Bank shares rose after Anup Bagchi was appointed as the bank’s new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan…
Stock market today: Sensex up 472 points, Nifty Bank up 263 points; HDFC Bank, RIL, ITC, Bajaj Finance shares gain
Stock market Opening Bell Today: The BSE Sensex gained 472 points, while the Bank Nifty index extended its morning gains and finished 263 points higher
Credit offtake stays ahead of banks' deposit growth
In the second quarter of FY27, advances at several banks grew significantly faster than deposit growth. Smaller banks, such as Tamilnad Mercantile Bank and Karnataka Bank, recorded impressive credit expansions. Larger public sector banks like Bank of India and Canara Bank also saw substantial growth in advances.…
Anup Bagchi's Act 1: Set HDFC house in order
Anup Bagchi has been chosen as the new CEO of HDFC Bank after Sashidhar Jagdishan's decision not to continue. Bagchi's leadership will address critical issues within the bank, including leadership succession and regulatory concerns. He aims to recapitalize the brand while focusing on technology and customer service…
RBI may end rate-cut cycle with first hike since February 2023
Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon. This marks the end of the rate-cutting phase that began in February 2025. Economists predict inflation will exceed the RBI’s forecasts, necessitating tightening. Experts anticipate resilient growth will provide the RBI room to act…
Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin
Intesa Sanpaolo said its sweetened offer for Banca Monte dei Paschi di Siena has won the backing of the bank’s biggest shareholder, Delfin Sarl, bringing it a step closer to victory in the Italian takeover battle.
Who is Sharmila Mona Sinha? The '3rd daughter' who became a US Hall of Famer
Sharmila Mona Sinha, who grew up in Kolkata, has been inducted into the National Women’s Hall of Fame. She became the second Indian woman to receive this honor, following Indra Nooyi. Sinha's journey has included time in investment banking and philanthropic efforts for women's rights. She currently serves as CEO of…
Aged 71, a Chennai resident travels to top-tier international sports events, freezing iconic sporting moments
Chennai resident Seshadri Sukumar kickstarted a career in sports photography, mid-life, turning his back on the familiar and the comfortable, including a long career in the banking sector, and that has made all the difference. He is right now covering the 20th Asian Games in Japan
After bankruptcy, he was banned from sports betting sites. Then he discovered Kalshi
The dark side of the prediction market boom is becoming more clear: Experts say the sites have become go-to outlets for gambling addicts to relapse as the companies avoid state consumer protections.
SoftBank completes final phase of $30 billion investment in OpenAI
SoftBank Group said on Thursday it has completed its $30 billion investment in OpenAI as part of its commitment to the ChatGPT maker's last fundraising round. Here are some other
PM warned Rosebank oil field could breach West Bank sanctions
Campaigners and Green Party leader Zack Polanski raise concerns about Rosebank's ties to an Israeli firm.