Delhi rolls out red carpet for Pezeshkian, daughter: Rashtrapati Bhavan to shopping at BRICS Bazaar

HDFC Bank submits two CEO candidates to RBI for approval

HDFC Bank has forwarded the names of two candidates to the Reserve Bank of India for the position of Managing Director and CEO. The bank's board has also approved the promotion of Jimmy Tata to executive director and sought a tenure extension for V Srinivasa Rangan. These changes would raise the total number of whole-time directors to four, strengthening governance over its subsidiaries. All appointments remain subject to final clearance from the RBI.

RBI Rejects Tata Sons' Plea to Stay Private, Pushes Firm Toward IPO

The Reserve Bank of India has rejected Tata Sons' application to surrender its core investment company registration, bringing the Tata Group's holding firm closer to a stock market listing. Tata Sons had sought to shed the designation in an effort to avoid mandatory listing requirements. Tata Trusts, which holds a majority stake, has been pushing to keep the company private in order to maintain long-term control. However, the Shapoorji Pallonji Group, another key stakeholder, has been in favour of a public offering. The RBI's decision effectively narrows Tata Sons' options for remaining unlisted.

India to build new DRDO missile testing range in West Bengal's Junput

India is set to establish a new weapons and missile testing facility in Junput, West Bengal. The site will be developed by the Defence Research and Development Organisation (DRDO) and will serve as its third major testing range in the country. It will complement the existing facility in Chandipur, Odisha, strengthening India's defence testing infrastructure. Beyond national security, the project is expected to drive significant infrastructure development and economic growth in West Bengal.

Global nutrition experts back FSSAI warning labels, seek stricter rules