MUMBAI: A recent data leak following a cyberattack reported by Bank of Baroda pertained to information in one employee’s email account and that the bank’s systems were robust and unaffected, the bank said.“The bank has robust information security protocols in place. The incident involved compromise of an employee’s email account, resulting in unauthorised access to…
MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…
Tata Sons posted a 22% jump in profit in FY26 MUMBAI: Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital – even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.Net profit at the holding company of…
NEW DELHI: Government on Monday said that there were 576 individuals who had disclosed a gross income of over Rs 100 crore during financial year 2024-25 (assessment year 2025-26), with 161 added during the year.The additions during the year also mark the highest number in at least four years. While it is a small fraction…
The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…
The board also issued warning letters to the other employees involved in the case. HDFC Bank‘s board has imposed a monetary penalty of Rs 1 lakh each on its three senior-most executives – Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra. The penalty…
India’s Rs 100 crore income club is no longer as exclusive as it once was. More people are reporting nine-figure incomes in their tax returns, with the number rising to 576 in the 2025-26 assessment year, four times the count recorded five years ago, according to data shared by the government in Parliament on Monday.The…
Global equity markets mostly traded higher as easing tensions between the US and Iran triggered a sharp decline in oil prices. US stock market today: US stocks opened higher on Monday while oil prices tumbled after the United States and Iran suspended military action and resumed efforts to restart negotiations aimed at ending the conflict….
Rupee has spent months reacting to every twist in the Middle East conflict and every jump in global crude oil prices. But analysts now believe that the currency could be entering a more stable phase, with no sharp depreciation expected ahead of the Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) meeting in August….
The government has not estimated how many vehicles in India are fully compatible with E20 fuel, Parliament was informed on Monday. It, however, maintained that the ethanol blending programme is backed by scientific studies and consultations with automobile manufacturers and technical institutions.Responding to a query, minister of state for petroleum and natural gas Suresh Gopi…
The market rebound was also supported by value buying after Indian equities witnessed a steep correction over the previous week. Stock market today: BSE Sensex and Nifty50 snapped their five day losing streak on Monday to rally strongly and finish in green. BSE Sensex closed the day at 76,835.78, up 776 points or 1.02%. Nifty50…
A 10% US tariff sounds like a win for India’s textile exporters, but there’s a catch.India’s textile and apparel sector could still come under pressure in the US market, even though the country has escaped the steeper tariffs imposed on several competing exporters. Although the country faces a lighter Section 301 tariff than several competing…
