HDFC Life approves Vibha Padalkar’s re-appointment as CEO & Managing Director
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.
D-Street bounces as traders cover short bets ahead of peace talks
Indian markets saw significant gains on Tuesday, with the Nifty and Sensex rising over 0.9% and 1% respectively. This surge was driven by traders cutting bearish bets ahead of US-Iran peace talks and a moderation in foreign institutional selling. Technical indicators suggest a bullish outlook, with the Nifty potentially moving towards 24,800-25,000.
RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytime
The Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments, and UPI are now under E-mandate rules. Customers can opt-out of transactions or mandates. Limits are set for recurring payments. Pre-transaction notifications are mandatory for most debits. These rules aim to protect customers and ensure secure electronic […]
Rupee falls 36 paise after RBI rolls back some forex curbs
The currency had closed Monday at 93.13/$. The rollback came after markets ended trading Monday. Bank treasury heads said they remain cautious and are holding back from offering non-deliverable forward (NDF) contracts to corporates, as RBI is likely monitoring such trades. The dollar-rupee forward premiums rose, increasing hedging costs, with the 1-year forward yield up […]
As FPIs continue to sell, outflows likely to rise before inflows revive
“The financial services sector has the biggest weight on benchmark Nifty; so when there is broad-based selling, banking and financial services’ share in foreign selling tends to be higher,” said U R Bhat, co-founder & director, Alphaniti.