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HDFC Bank's Part-time Chairman Atanu Chakraborty has resigned citing ethical concerns, with the RBI approving Keki Mistry as interim chairman and reassuring stakeholders of the bank's stability.
Shares of Petronet LNG and GAIL (India) dropped significantly after Qatar halted production at its key LNG facility, raising concerns over supply disruptions for India.
Surging crude oil prices to $146 per barrel, driven by the West Asia conflict, are straining India's economy, widening the trade deficit, and pressuring key sectors.
HDFC Bank's stock plummeted nearly 9%, erasing over ₹1 lakh crore in market capitalization following the sudden resignation of its chairman, Atanu Chakraborty.
HDFC Bank's stock plummeted over 8% following its chairman's resignation, placing significant pressure on numerous mutual fund schemes with high exposure to the lender.
The escalating conflict between Iran and Israel has evolved into an energy war, with targeted strikes on critical gas facilities causing global oil prices to surge.
The PMLA Appellate Tribunal has drastically reduced Dalmia Cement's Proceeds of Crime from ₹793.34 crore to ₹92.52 crore, offering major financial relief.
Analysts predict HDFC Bank stock could fall another 7% to ₹748 if it fails to hold the critical ₹810 support level following recent market volatility.
HDFC Bank shares face intense pressure after Chairman Atanu Chakraborty's sudden resignation over ethical concerns, leading to a sharp fall in its stock and ADRs.
Escalating Middle East tensions are driving a wedge in India's oil sector, boosting upstream producers like ONGC while pressuring downstream marketing companies.
The US Federal Reserve maintains its policy rate amid the Iran war and oil price shocks, signaling a 'higher for longer' stance with significant implications for Indian equities, FII flows, and the rupee.
The expiration of the semaglutide patent in March 2026 is set to trigger the launch of over 50 generic versions in India, drastically altering the diabetes and obesity treatment landscape.
The Reserve Bank of India has intensified its currency defense, building a near $100 billion short-dollar position as the rupee breaches 92 against the dollar.
Indian benchmark indices Sensex and Nifty experienced a sharp decline, wiping out significant investor wealth due to escalating geopolitical tensions in West Asia and rising crude oil prices.
Indian stock markets experienced a sharp selloff, with the Sensex and Nifty plunging as Brent crude surged past $110 amid escalating geopolitical tensions in the Middle East.
Unidentified drones spotted over Fort McNair, a high-security US Army base housing top officials, have triggered heightened security measures amid the ongoing US-Iran conflict.