HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty’s abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also announced Puneet Sharma as its…

Gold set for fourth monthly fall on bets of Fed rate hikes

Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to combat inflation. This outlook, coupled with a strengthening dollar, is weighing heavily on the precious metal. Investors are keenly awaiting upcoming U.S. employment data for further clues…

Stocks in news: Bajaj Auto, ZEE, BPCL, HDFC Bank, HUL, Tata Motors CV

Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate…