The Bombay High Court has set aside a magistrate’s order that issued notice to HDFC Bank Managing Director and CEO Sashidhar Jagdishan in a defamation complaint filed by the trustee of Lilavati Kirtilal Mehta Medical Trust. Justice S.M. Modak, in an oral order delivered on August 5, held that the magistrate erred by issuing the...
Unified Payments Interface (UPI) services experienced a widespread outage across India on Thursday evening, disrupting digital transactions for thousands of users and causing chaos for businesses reliant on cashless payments. This marks the fourth major UPI disruption in 2025, raising concerns about the reliability of the nation’s most widely used payment platform. The issue began...
HDFC Bank, which is the second-most valued company in India by market capitalisation, announced its first-ever bonus issue in a 1:1 ratio on Saturday. In addition to the bonus shares, the private lender also revealed a special interim dividend. “The Bank has sanctioned the issuance of bonus equity shares at a ratio of 1:1, meaning...