HDFC Life’s board has approved Vibha Padalkar’s reappointment as Managing Director and Chief Executive Officer. This new term will begin on September 12, 2026, and will last for five years. Shareholder and regulatory approvals are still pending. This decision ensures leadership continuity for the company. Padalkar has not faced any debarment from regulatory authorities.
Sebi levies Rs 40 lakh penalty on four entities in Axis MF front-running case
Securities and Exchange Board of India has imposed a total penalty of Rs 40 lakh on four entities. This penalty includes fines on Woodstock Broking