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'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

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HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5L67s9J >

Tata Sons' AGM may face hurdle over quorum clause

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Tata Sons' upcoming annual general meeting faces a quorum challenge. This issue could affect the reappointment of chairman N Chandrasekaran. A charity commissioner's order prevents a key trust from nominating a representative. Without this nominee, the meeting's quorum requirement cannot be met. This situation may delay crucial business and Chandrasekaran's directorship. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qGTKX7e >

July FPI inflows touch Rs 42,000 crore, top February record

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Foreign portfolio investors became net buyers of Indian equities in July. This marked a reversal after four months of significant outflows from the market. Total foreign inflows reached their strongest point this year, surpassing February's figures. Equity segment saw intense selling pressure earlier, with substantial outflows recorded. Debt markets remained resilient, attracting significant inflows throughout the year. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lHyGzxI >

IPO rush ahead: Zepto, Shiprocket and 12 more firms to hit primary market; eye Rs 25,000 crore-plus fundraising

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India's IPO market is preparing for a busy month with many companies planning public offerings. Over a dozen firms are expected to launch initial public offerings, raising over Rs 25,000 crore. These upcoming issues span diverse sectors like quick commerce, housing finance, and education infrastructure. This activity follows sustained momentum in the primary market throughout the current year. Market participants anticipate robust fundraising as companies leverage improving investor sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bc3PsUT >

Stock market outlook: Fed policy, crude oil prices and Q1 earnings to drive trade

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Markets anticipate another volatile week as investors track Middle East developments and oil prices. The US Federal Reserve's policy meeting outcome will also significantly influence investor sentiment. Domestic economic signals will emerge from the release of June Industrial Production data. A busy earnings season featuring heavyweight companies is expected to drive stock-specific movements. Investors will closely scrutinize the Federal Reserve's assessment of inflation and growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZP4odHR >

Tariffs on trial: Small businesses take Trump's latest trade levies back to court

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Two groups of small businesses are challenging Donald Trump's latest tariffs in court. These new levies target goods from sixty trading partners and cover nearly all US imports. Businesses argue the administration failed to justify these measures against individual economies. They contend the tariffs replace previous worldwide duties struck down by the Supreme Court. Legal experts believe these new tariffs will likely remain in place for an extended period. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LpSuavz >

Forex schemes: BoB, BoI target over $6bn mop-up

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oMHPh0x >