Kumar described governance risks as isolated and manageable events rather than structural failures MUMBAI: HDFC Bank’s newly appointed chairman Rajiv Kumar said the lender’s corporate governance remains fundamentally uncompromised, while asserting that the board will ensure control functions stay fully empowered with zero tolerance for unethical practices.Addressing leadership changes and external scrutiny after the exit…
The shake-up comes during a pivotal juncture for Google DeepMind: the flagship version of its latest Gemini model remains unreleased Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and as several leaders of its Gemini model, including veteran engineer…
The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
RBI Governor Sanjay Malhotra addresses a press conference on Monetary Policy Statement and Post-Monetary Policy, in Mumbai, Maharashtra. (@reservebankofindia593/Yt via PTI Photo)(PTI08_05_2026_000027B) MUMBAI: RBI governor Sanjay Malhotra said inflows from the special FCNR(B) deposit scheme for non-residents will have a temporary and limited impact on liquidity, with surplus conditions expected to ease after peaking around…
Reserve Bank of India (RBI) Governor Sanjay Malhotra gestures on MPC policy NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to questions on enabling merchant fees on UPI, Malhotra said it was too early to take a view and…
Market participants said that any appreciation of the rupee beyond the 95-per-dollar mark is likely to trigger fresh demand for the US currency. The rupee strengthened to a one-month high on Wednesday, supported by lower crude oil prices. However, gains were trimmed after the Reserve Bank of India delivered its widely anticipated decision to keep…
Markets have continued to rally as companies near the end of the latest earnings season. US stock market today: Wall Street stocks moved higher in early trading on Wednesday, extending the record-setting momentum from the previous session, while oil prices remained largely stable.The S&P 500 advanced 0.5%. By 9:53 a.m. Eastern time, the Dow Jones…
Tewolde GebreMariam Tesfay retired as Group Chief Executive officer of Ethiopian Airlines in 2022. (Reuters file photo) Air India on Wednesday named former Ethiopian Airlines chief Tewolde Gebremariam as its new Chief Executive Officer. The announcement comes at a time when Tata Group-owned carrier continues to battle mounting losses and increased regulatory oversight following last…
India’s job-switch wave grows, Google ranked the country’s most attractive employer What makes an employer stand out when nearly half the workforce is thinking about switching jobs?According to the Randstad Employer Brand Research (REBR) 2026, Google stands at the top of India’s most attractive employer brands, followed by Tata Group and Amazon.The REBR 2026 draws…
Experts say that instead of timing the interest rate cycle, fixed deposits should be opted for based on goals and cash flow. Even as investors become more risk savvy and financial literacy brings investment avenues like stocks, mutual funds, bonds closer, the humble fixed deposit continues to hold importance in portfolios. And this ‘safe haven’…
