AINEWS24X7
Business
HDFC Bank has received approval to appoint Anup Bagchi as its next Managing Director and Chief Executive Officer from October 27, 2026. Bagchi, currently MD and CEO of ICICI Prudential Life Insurance, will succeed Shashidhar Jagdishan for a 3-year term, subject to shareholder approval.
Business
Gold prices increased in the national capital's bullion market on October 1, ending a 2-session decline, while silver remained unchanged at Rs 2.32 lakh per kilogram. In global markets, gold edged higher and silver fell as fluctuations in the US dollar limited larger gains in precious metals.
Business
The Central Bureau of Investigation has filed its second chargesheet in the Reliance Home Finance case before Mumbai's Special Judge for CBI Cases. The filing names 11 accused, including 3 Reliance ADA Group executives, 7 companies and RHFL's statutory auditor over alleged criminal conspiracy and cheating.
Business
India's external debt rose by $15.4 billion in the June quarter to $778.2 billion, exceeding foreign exchange reserves of $765.901 billion recorded for the week ended September 18, 2026. The debt-to-GDP ratio, however, declined to 20.8% from 20.9% at the end of March 2026.
Business
Maharashtra Chief Minister Devendra Fadnavis said the state has never defaulted and does not borrow up to the full limit set by the Reserve Bank of India. He said the state takes ₹1,00,000 crore when the annual borrowing limit is ₹1,40,000 crore, linking that approach to controlled fiscal health.
Business
The Central Board of Direct Taxes has extended the income tax audit report deadline for Assessment Year 2026-27 from 30 September to 21 October 2026. The ITR filing deadline for taxpayers covered under Section 139(one) has also moved from 31 October to 21 November 2026.
Business
The Supreme Court has issued notices to the Centre, RBI, NPCI and the UPI Committee on a plea challenging Merchant Discount Rate charges on specified UPI merchant transactions above ₹2,000. A bench led by CJI Surya Kant has sought responses within 4 weeks and declined interim relief ahead of the October 15 rollout.
Business
Consumer electronics companies are preparing to raise prices by up to 8% from 1 October, citing higher copper, steel, aluminium and crude oil-linked input costs along with currency fluctuations. AC prices are expected to rise first, while older inventory may keep festive-season purchases at existing prices until after Diwali.
Business
Public sector banks and Regional Rural Banks operated on Sunday, September 27, allowing customers to withdraw pensions and handle urgent financial transactions before a nationwide bank strike scheduled from September 28 to 30.
Business
SEBI has barred listed real estate company Omaxe and 5 others from the securities market, alleging that funds routed through group entities were used to create an artificial appearance of public shareholding. The regulator also imposed a total penalty of Rs 1.92 crore in the case.
Business
Apple has reportedly agreed to pay more for memory supplied by Samsung from early 2027, with LPDDR5X RAM and NAND storage prices said to be substantially higher. The increase may put further pressure on iPhone prices, although Apple could also absorb costs, adjust configurations or negotiate different supplier terms.
Business
Banks are set to remain closed from September 28 to September 30 during a 3-day strike called by bank unions. The unions are pressing for a 5-day workweek, while a Finance Ministry source says the government never promised the change and that it was neither discussed nor agreed during wage negotiations.
