Ashok Vaswani led private bank executives in fiscal year 2026 compensation. His pay increased significantly due to stock appreciation rights and new options. HDFC Bank’s Kaizad Bharucha received the highest total package when stock options were included. Bharucha’s compensation exceeded his own boss, Sashidhar Jagdishan, in several categories. This highlights the substantial impact of stock…

HCL Technologies reported marginally better than anticipated financial performance for the June quarter. The company announced a significant investment in a datacentre for artificial intelligence solutions. This new venture aims to address the growing demand for AI model training capabilities. HCL Technologies maintained its full-year revenue and operating margin guidance unchanged. The stock may remain…

Just Dial’s stock surged after announcing a transition to professional management. The company aims to bolster its business-to-business segment and AI capabilities. Reliance Retail acquired a controlling stake in Just Dial in July 2021. Since then, revenue and net profit have shown consistent growth. New leadership faces intense competition requiring focused execution for long-term success.

Indian markets closed nearly unchanged after a volatile trading session on Monday. Tata Elxsi and L&T Tech shares are in focus as they announce first quarter results. HCL Tech reported a twenty percent year-on-year net profit growth and declared an interim dividend. ICICI Prudential AMC also saw a twenty-three percent net profit increase in its…

SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net profit saw significant annual growth between FY24 and FY26. SBI MF leads in systematic investment plans and portfolio management services. The IPO offers a P/E multiple lower…

The conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial companies (NBFCs), credit information companies (CICs) and other regulated entities, along with MD, EDs and CEOs charge of customer service, as well as RBI Ombudsmen and senior officials of the Reserve Bank.

The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue.

Goldman Sachs anticipates Nifty’s recovery to 26500, indicating a significant upside potential. This outlook stems from lower commodity prices and a stabilized currency, which are positive indicators. Healthy second-quarter earnings expectations also contribute to the improved domestic economic outlook. Foreign investor positioning is ultra-light, suggesting ample room for capital inflows to return. The brokerage recommends…

State Bank of India anticipates a significant payout from asset management and stock exchange stake sales. These sales will strengthen the bank’s capital position and support future loan expansion. The bank is selling a stake in its asset management company through an initial public offering. Later this year, SBI will also offer shares in the…

Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers.