HDFC Bank ADRs crash another 4% after sharp selloff, hinting at more losses on Friday

HDFC Bank’s US-listed shares dipped further following the former chairman’s sudden resignation, citing ethical concerns. Despite management’s reassurances and a lack of specific details, investors remain cautious. Analysts, however, see the stock correction as a potential buying opportunity, emphasizing the bank’s strong fundamentals and leadership continuity over perceived tactical differences.

India’s largest asset manager SBI Mutual Fund files DRHP for IPO. Check details

SBI Mutual Fund, India’s largest asset manager, has filed for an IPO. The offering is entirely an offer for sale by its promoters, State Bank of India and Amundi India Holding. This move aims to provide liquidity to existing shareholders. The company manages significant assets and has a strong market share. Financial performance shows consistent […]

2 top stock recommendations from Rahul Sharma

Indian markets experienced a pullback after recent gains. Analysts note the market’s stability and suggest this presents a buying opportunity. Nifty ETFs are recommended for accumulation. ONGC and Tata Power are highlighted as stocks with potential upside. Investors are advised to watch key levels for Nifty’s recovery.

Brent crude spikes above $116/bbl after attacks on Mideast energy assets multiply

Oil prices saw a sharp rise Thursday. Brent crude reached over $116 a barrel. This followed Iran’s attacks on energy facilities across the Middle East. Israel had previously struck Iran’s South Pars gas field. These events mark a significant escalation in the ongoing conflict. The U.S. Federal Reserve maintained steady interest rates.

Who is Atanu Chakraborty? The man behind HDFC Bank’s Rs 1 lakh crore market cap wipeout

HDFC Bank’s share price plummeted by up to 9%, wiping out over Rs 1 lakh crore in market value following the resignation of its part-time Chairman, Atanu Chakraborty. Chakraborty cited ethical concerns over the bank’s practices in recent years. Interim Chairman Keki Mistry assured investors there was no power struggle and no governance issues were […]

Inflation to stay sticky, Jahangir Aziz rules out Fed rate cuts in 2026

Global markets face complex risks from geopolitical tensions and fragmented oil prices. Economist Jahangir Aziz highlights that Brent crude is not the sole indicator. He believes the US Federal Reserve will not cut rates this year, with a potential hike in 2027. Persistent inflation could lead to demand destruction. Investors must look beyond surface-level signals.

Jonathan Schiessl flags prolonged inflation risk amid conflict

Global markets show resilience but geopolitical conflict fuels uncertainty. Inflation risks persist, impacting central bank strategies. Investors are cautious, reducing exposure rather than increasing risk. Traditional safe havens offer little comfort. Foreign investors are trimming exposure from India due to energy price spikes and tech sector concerns. Capital preservation is the priority.