Stock markets decline amid renewed tensions in West Asia, higher crude oil prices Stock markets in India closed lower on Monday, August 31, 2026, as renewed tensions in West Asia pushed crude oil prices higher and intensified fears of a prolonged higher-interest-rate environment. The 30-share BSE Sensex fell 307.24 points, or 0.40%, to 76,957.27, with 20 of its constituents declining and 10 rising. The index had dropped as much as 513.19 points, or 0.66%, to 76,751.32 during the trading session. The 50-share NSE Nifty also declined, losing 95.25 points, or 0.39%, to 24,080.40. The decline was attributed to selling pressure in sectors such as utilities, IT, and FMCG, alongside weak global market trends and foreign fund outflows that dampened investor sentiment. Adani Ports was the worst performer, falling 4.11%, while HDFC Bank reversed early gains to close down 1.53% after its CEO, Sashidhar Jagdishan, announced plans to seek reappointment after his current term ends on October 26. Other laggards included ITC, Bharti Airtel, Infosys, Kotak Mahindra Bank, Trent, Hindustan Unilever, and Titan. Conversely, Sun Pharma, ICICI Bank, Axis Bank, and State Bank of India saw gains. Crude oil prices surged, with Brent crude, the global benchmark, rising 3.63% to $91.30 per barrel. Analysts linked the spike to escalating tensions between the U.S. and Iran, which have kept investors cautious. Vinod Nair, Head of Research at Geojit Investments Limited, noted that the conflict has raised concerns over energy-driven inflation and a prolonged period of higher interest rates, potentially impacting corporate earnings. Ponmudi R, CEO of Enrich Money, added that the U.S.#bse_sensex #nse_nifty #west_asia #hdfc_bank #adani_ports
Anil Singhvi Nifty 50 Strategy: Strong Buy Zone at 23,900-24,000—What Traders Need to Know Market strategist Anil Singhvi has outlined a detailed trading strategy for the Nifty 50 and Nifty Bank indices ahead of the August 25 trading session. He identified key support and resistance levels, along with stop-loss and target prices, to guide traders. For existing long positions in the Nifty 50, Singhvi recommended placing an intraday stop loss at 24,000 and a closing stop loss at 24,075. Similarly, for Nifty Bank long positions, the intraday stop loss was set at 57,000, with a closing stop loss at 57,250. Short positions in both indices were advised to have stop losses at 24,335 for Nifty and 57,900 for Nifty Bank, with closing stop losses at 24,475 and 58,000 respectively. Singhvi emphasized the importance of the 23,900-24,000 range as a strong buy zone for the Nifty 50, while the 24,225-24,335 level was highlighted as a higher target area. Conversely, the 24,365-24,475 range was flagged as a strong sell zone. For the Nifty Bank, the 57,550-57,750 range was identified as a higher zone, with the 57,800-58,000 range marked as a strong sell area. Traders were advised to use strict stop-loss measures to manage risk, with aggressive strategies suggesting specific entry and exit points for new positions. The market guru also provided insights into broader market dynamics. He noted that foreign institutional investors (FIIs) held 9.90% long positions in the Nifty 50, down slightly from 9.95% before the last trading session. The Nifty 50's price-to-earnings (PCR) ratio stood at 0.82, compared to 1.11, indicating a potential undervaluation. For the Nifty Bank, the PCR ratio was 0.83, down from 0.98, suggesting similar conditions. These metrics were used to support the buy zones identified in the strategy.#nifty_50 #reliance_industries #nifty_bank #hdfc_bank #anil_singhvi
Bank Holiday Next Week (August 24-30): SBI, HDFC Bank & other lenders shut on 4 days; check city-wise list Banks across India will observe closures from August 24 to August 30, 2026, due to regional festivals and the weekly Sunday holiday. The Reserve Bank of India (RBI) has outlined the schedule, which includes four days of branch closures for major financial institutions such as SBI, HDFC Bank, ICICI Bank, and others. While digital banking services like internet banking, mobile banking, UPI, and ATMs will remain operational, physical branches will be closed on specific dates depending on the city. The closure dates and affected regions are as follows: August 25 (Tuesday): Banks in Kochi and Thiruvananthapuram will be closed to mark Milad-Un-Nabi, First Onam, and Milad-i-Sherif. August 26 (Wednesday): A widespread closure will occur in cities including Belapur, Bengaluru, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, Ranchi, Srinagar, Thiruvananthapuram, and Vijayawada. These closures are linked to Id-E-Milad, Baravafat, Milad-un-Nabi, and Thiruvonam. August 28 (Friday): Banks in Ahmedabad, Bhopal, Dehradun, Gangtok, Jaipur, Jammu, Kanpur, Kochi, Lucknow, Shimla, Srinagar, and Thiruvananthapuram will remain shut for Raksha Bandhan, Pang-Lhabsol, Sree Narayana Guru Jayanthi, and Ayyankali Jayanthi. August 30 (Sunday): All banks across India will close for the weekly Sunday holiday. Banks will remain open on August 24 (Monday), August 27 (Thursday), and August 29 (Saturday), though customers are advised to confirm with their local branches, as closures may vary by state or city. August 22, 2026, was also a scheduled bank holiday, with all branches closed despite the availability of digital services.#kochi #icici_bank #reserve_bank_of_india #hdfc_bank #sbi
Auto Sweep FD: How to Earn Higher Interest on Your Savings The Auto Sweep FD (Fixed Deposit) is a financial tool that allows individuals to earn higher interest rates on their savings by automatically transferring excess funds from a savings account into a fixed deposit. This feature is particularly beneficial for those who want to maximize returns without locking their money for long periods. Here's a detailed guide on how it works, its benefits, and how to activate it. How Auto Sweep FD Works When you open a savings account linked to an Auto Sweep FD, a threshold limit is set. For example, if your threshold is ₹25,000, the bank will keep ₹25,000 in your savings account and automatically transfer any surplus funds into a fixed deposit. These funds earn higher interest rates (typically 7–8%) compared to the standard 2–3% offered on savings accounts. The fixed deposit is automatically liquidated when you need funds for emergencies, such as paying bills or medical expenses. This ensures liquidity while earning higher returns. Key Benefits of Auto Sweep FD Higher Interest Rates: Excess funds earn significantly higher interest compared to regular savings accounts. Liquidity and Flexibility: You can access funds for emergencies without breaking the fixed deposit, as the bank automatically redeems the deposit when you withdraw money. Multiple Deposits: You can link multiple fixed deposits to a single savings account, allowing for better financial planning. Protection of Credit Score: If you face an emergency and need to withdraw funds, the bank automatically redeems the fixed deposit, preventing your credit score from being affected. How to Activate Auto Sweep FD Choose a Bank: Select a bank that offers Auto Sweep FD. Popular options include SBI, HDFC Bank, and others.#hdfc_bank #sbi #savings_account #auto_sweep_fd #fixed_deposit
Stock Market Closes Mixed as Geopolitical Tensions and Oil Prices Influence Investor Sentiment Indian benchmark indices closed on a muted note on July 16, 2026, with the BSE Sensex ending flat at 77,186.87 and the Nifty50 slipping 5.75 points to 24,072.75. The market’s performance was shaped by a mix of factors, including cautious investor sentiment amid geopolitical tensions in West Asia, fluctuating crude oil prices, and mixed global market cues. While gains in information technology (IT) stocks provided some support, profit booking in heavyweight shares like HDFC Bank and Reliance Industries tempered overall momentum. The Sensex had opened higher after ending the previous session in positive territory, driven by optimism over potential U.S. Federal Reserve rate cuts and strong corporate earnings in the U.S. However, the index fluctuated during the session, peaking at 77,579.69 before retreating. The Nifty50 followed a similar pattern, with investors hesitant to commit amid concerns over volatile oil prices and weak Asian market performance. Analysts noted that while select tech stocks attracted buying interest, broader market uncertainty kept traders on the sidelines. Key performers on the Sensex included InterGlobe Aviation, HCL Technologies, Bajaj Finance, Maruti Suzuki, Mahindra & Mahindra, and Tech Mahindra, which saw gains amid positive sentiment in the aviation and IT sectors. Conversely, stocks like Eternal, Bharat Electronics (BEL), Bajaj Finserv, HDFC Bank, and Axis Bank ended lower, reflecting broader caution. In the commodities market, Brent crude fell 0.39% to $84.62 per barrel, though oil prices remained a key concern for investors. Asian markets ended mixed, with South Korea’s Kospi plunging 6.#bse_sensex #nifty50 #reliance_industries #indian_benchmark_indices #hdfc_bank
Bank Holidays in July: Major Banks Closed on Saturday, July 11 All major banks in India, including the State Bank of India, HDFC Bank, ICICI Bank, Punjab National Bank, and Bank of Baroda, will remain closed on Saturday, July 11. This is the second Saturday of the month, and banks follow a guideline that mandates closure on the second and fourth Saturdays. The decision aligns with the Reserve Bank of India’s (RBI) instructions, which ensure consistent operational schedules across the banking sector. Physical banking services, such as cash deposits, locker operations, and cheque clearance, will not be available on July 11. However, digital services will remain operational. Customers can use internet banking, mobile apps, and platforms like UPI, NEFT, RTGS, and IMPS to manage their accounts. Operations such as balance checks, statement downloads, and managing debit/credit cards can also be performed online. The closure on July 11 is part of a broader schedule for the month. Additional bank holidays are planned for specific regions due to local festivals. For instance, banks in Bhuvaneshwar, Dehradun, and Imphal will remain closed on July 16 for Rath Yatra celebrations. In Himachal Pradesh, July 17 will be a holiday, while Gangtok will see closures on July 18. Similarly, banks in Agartala will be closed on July 22. Other dates marked for closures include Sundays on July 12, 19, and 26, as well as the fourth Saturday, July 25. Customers are advised to check their local bank’s schedule for specific holidays, as closures may vary by region. The RBI’s guidelines ensure that banks maintain a standardized approach to holidays, balancing operational efficiency with employee rest days.#bank_of_baroda #punjab_national_bank #icici_bank #hdfc_bank #state_bank_of_india
BFSI Leadership Shake-up: Who's In, Who's Out Across India's Financial Sector India's banking and financial services industry is undergoing a significant leadership transition, with major appointments and departures across key institutions. The sector is navigating evolving regulatory demands, technological advancements, and heightened competition, making strategic succession planning more critical than ever. Recent announcements highlight a wave of changes, from CFO appointments to CEO succession plans, as institutions adjust to shifting dynamics. HDFC Bank has appointed Puneet Sharma, currently Axis Bank's Chief Financial Officer, as its new CFO. Sharma will join the bank as CFO-designate in September and take charge formally on December 1. He will replace Srinivasan Vaidyanathan, who is set to retire in October. Sharma's departure from Axis Bank has triggered a search for his successor, with Rajeev Mantri, former CFO of Bandhan Bank and Citi India, expected to assume the role. Mantri's exit from Bandhan Bank follows his resignation to pursue another opportunity, leaving a vacancy that was recently filled by Bhavin Lakhpatwala, a former HDFC Bank executive. Meanwhile, India's largest insurer, Life Insurance Corporation of India (LIC), is in transition as its Chief Financial Officer, Sunil Agrawal, resigns effective July 14. The insurer has not yet announced a replacement. State Bank of India, the country's largest lender, is also awaiting a new finance chief. Current CFO Kameshwar Rao Kodavanti completes his three-year term on June 30, with no successor named yet. Leadership changes have also impacted housing finance company Avaas Financiers, which faced regulatory scrutiny following a preliminary inquiry by the National Housing Bank.#hdfc_bank #life_insurance_corporation_of_india #puneet_sharma #rajeev_mantri #sunil_agrawal
Rule Change From July: Aadhaar, Bank, LPG... Five Major Changes Starting July 2026, Impact on Every Wallet The month of June is coming to an end, and with it, the start of July 2026 brings several financial changes that will affect citizens across the country. These updates, ranging from Aadhaar card modifications to adjustments in fuel and banking services, are set to impact everyday expenses and benefits. Here’s a breakdown of the key changes effective from July 1, 2026, and how they might influence individuals. The first change involves the Aadhaar card update. The Unique Identification Authority of India (UIDAI) has issued a new notification stating that if an individual’s email ID is not updated on their Aadhaar card, it will no longer be free to update starting July 1. Previously, updating an email address on the Aadhaar card required a fee of 75 rupees. Now, citizens will have six months—until December 2026—to make the change at no cost. This adjustment aims to streamline the verification process for digital services. The second change pertains to LPG (liquefied petroleum gas) prices. Following tensions in the Middle East, LPG prices have seen multiple hikes. In June alone, commercial LPG cylinders saw an increase of up to 53.50 rupees, while 5kg cylinders experienced a rise of 11 rupees. In Delhi, the cost of a commercial cylinder reached 3,113.50 rupees. However, domestic LPG cylinders remain unchanged, providing some relief to households reliant on them for cooking. Third, adjustments are expected in the prices of ATF (aviation turbine fuel), CNG (compressed natural gas), and PNG (piped natural gas). The government has been pushing for the adoption of PNG as an alternative to LPG, and this shift may lead to further price fluctuations in these fuels.#hdfc_bank #meghalaya #tripura #uidai #mizoram
Sensex and Nifty Close Lower Amid Geopolitical Uncertainty Indian equity markets ended the trading session in negative territory on Wednesday, with the benchmark Sensex and Nifty experiencing declines amid investor caution over conflicting geopolitical signals and fresh foreign fund outflows. The 30-share BSE Sensex fell 141.90 points, or 0.19 percent, to close at 75,867.80, while the 50-share NSE Nifty dipped 6.55 points, or 0.03 percent, to 23,907.15. The volatile session saw the Sensex fluctuate by 476.47 points during the day, reaching a high of 76,224.68 and a low of 75,748.21. The decline was attributed to heightened geopolitical tensions in the Middle East, which kept investors on edge. Major laggards in the Sensex included HDFC Bank, Infosys, ITC, Hindustan Unilever, Reliance Industries, and ICICI Bank, while Power Grid, Eternal, NTPC, and Tata Steel were among the top gainers. Brent crude, the global oil benchmark, also fell 3.24 percent to $96.35 per barrel, reflecting broader market anxieties. Analysts noted that the subdued performance was partly due to the absence of concrete diplomatic progress between the U.S. and Iran, despite initial optimism from Trump’s comments about ongoing negotiations. Ponmudi R, CEO of Enrich Money, explained that investors adopted a wait-and-watch approach, with risk appetite restrained by unresolved geopolitical uncertainties. Asian markets showed mixed results, with South Korea’s Kospi and Japan’s Nikkei 225 ending higher, while China’s SSE Composite and Hong Kong’s Hang Seng indices closed lower. European markets traded positively, and U.S. markets mostly closed higher on Tuesday. Foreign Institutional Investors (FIIs) sold equities worth Rs 2,407.87 crore on Tuesday, according to exchange data. The Sensex had already declined 479.26 points, or 0.63 percent, to 76,009.#indian_equity_markets #bse_sensex #nse_nifty #hdfc_bank #infosys
Stock markets decline for second day on selling in oil and gas, banking shares; Sensex down 142 points Stock markets in India closed lower for the second consecutive day on Wednesday, May 27, 2026, as investors remained cautious amid conflicting geopolitical signals from West Asia and fresh foreign fund outflows. The 30-share Bombay Stock Exchange (BSE) Sensex declined 141.90 points, or 0.19%, to settle at 75,867.80, with 20 of its constituents ending higher and 10 recording losses. The index fluctuated significantly during the trading session, reaching a high of 76,224.68 and a low of 75,748.21. The 50-share National Stock Exchange (NSE) Nifty also fell, dropping 6.55 points, or 0.03%, to 23,907.15. The decline was driven by selling pressure in financials, oil and gas, IT, and private banking sectors, while energy, metals, and auto shares saw gains, limiting the overall downside. Among the Sensex constituents, HDFC Bank fell the most by 2.63%, followed by Infosys, ITC, Hindustan Unilever, Reliance Industries, and ICICI Bank as major laggards. Power Grid, Eternal, NTPC, and Tata Steel were the top gainers. The market's performance was influenced by lingering concerns over the fragile US-Iran truce and elevated crude oil prices. Ajit Mishra, Senior Vice-President at Religare Broking, noted that investor sentiment remained cautious, with traders adopting a wait-and-watch approach due to conflicting geopolitical signals from the region. Ponmudi R, CEO of Enrich Money, added that while diplomatic engagement between the U.S. and Iran provided some stability, the lack of concrete breakthroughs kept risk appetite restrained. Broader market indices showed mixed results, with the BSE SmallCap Select index declining by 0.29% and the MidCap Select index rising 0.52%.#bse_sensex #nse_nifty #hdfc_bank #infosys #itc
Banks To Remain Closed On A Few Days In The Next Two Weeks Banks across India will observe weekend and festival-related holidays over the next two weeks, while online banking services will continue to function normally. The Reserve Bank of India (RBI) has outlined a holiday schedule for the second half of May 2026, which includes regular weekend closures and a festival-related holiday. Customers are advised to plan branch visits for in-person services such as cash deposits, document submissions, locker access, or other transactions accordingly. The upcoming closures include the second and fourth Saturdays of the month, as well as Sundays, which are standard weekend holidays. Additionally, a festival-related holiday will be observed on May 27, 2026, coinciding with Bakrid or Eid al-Adha in many states. This date may vary slightly depending on regional observances and local RBI notifications, so customers are encouraged to confirm with their respective bank branches for state-specific details. Private and public sector banks, including major institutions like State Bank of India (SBI), HDFC Bank, and ICICI Bank, will remain closed on the following dates: May 23 (Saturday), May 24 (Sunday), May 27 (Wednesday), and May 31 (Sunday). These closures are part of the RBI’s holiday calendar, which ensures consistency across scheduled and non-scheduled banks. The holiday on May 27 may differ in some states, requiring customers to verify local applicability before planning visits. Under RBI guidelines, all banks in India are required to remain closed on the second and fourth Saturdays of every month, along with all Sundays. Branches typically operate on the first, third, and fifth Saturdays unless a public holiday is declared.#icici_bank #reserve_bank_of_india #hdfc_bank #state_bank_of_india #bakrid
Sensex rallies 790 pts despite rupee woes, elevated crude prices Indian equity markets staged a significant rebound on Thursday as the benchmark Sensex surged 790 points to close at 75,399, defying persistent challenges from a weak rupee and elevated crude oil prices. The rally was driven by strong performances from major banking and telecom stocks, including HDFC Bank, Bharti Airtel, and ICICI Bank, which helped lift the index despite a marginal Rs 187-crore net buying by foreign funds. The 1.1% gain marked a counterintuitive recovery from intraday lows, with investors citing anticipation of potential government measures to stabilize the currency and curb capital outflows. Vinod Nair, head of research at Geojit Investments, noted that investor confidence was bolstered by expectations of policy interventions, such as bond tax relief for foreign investors and stricter controls on the Liberalized Remittance Scheme to limit outflows. Additionally, positive signals from the U.S.-China summit between President Donald Trump and President Xi Jinping, which raised hopes for expanded economic cooperation, further anchored sentiment. The day’s rally added approximately Rs 4.5 lakh crore to investors’ portfolios, pushing the BSE’s market capitalization to Rs 462.9 lakh crore. Sectoral performance varied, with telecom, healthcare, and metal stocks leading the gains, while IT stocks faced strong selling pressure. Siddhartha Khemka, head of research at Motilal Oswal Financial Services, warned that macroeconomic risks remain elevated, citing ongoing foreign outflows, persistently high crude oil prices, and the rupee’s slide to a new low against the dollar. These factors, he cautioned, continue to pose significant challenges for the domestic market.#sensex #geojit_investments #icici_bank #hdfc_bank #bharti_airtel
Indian Stock Markets Dip Amid Sectoral Weakness and Global Tensions Indian benchmark indices traded lower on Friday, extending losses for the second consecutive session. The Sensex and Nifty 50 fell over 300 points and dropped below 24,250, respectively, with HDFC Bank and Coal India declining 2% each. Sectoral indices across the market showed broad-based weakness, with banking, financial services, oil & gas, realty, and metal stocks leading the decline. This signaled pressure on economically sensitive sectors, while IT, chemicals, healthcare, and midcap IT indices showed resilience with modest gains, indicating selective buying interest in defensive and technology-driven segments amid cautious sentiment. Global markets also faced mixed performance, with S&P 500 futures rising 0.2% as of Tokyo time, while Japan’s Topix fell 0.8%, Australia’s S&P/ASX 200 dropped 1.6%, Hong Kong’s Hang Seng declined 1.2%, and the Shanghai Composite fell 0.1%. Euro Stoxx 50 futures also fell 0.8%. Analysts attributed the Indian market’s decline partly to the HDFC Bank controversy, which Jefferies cited as a factor impacting banking sector valuations. Several companies saw significant price movements. Pidilite Industries shares rose 4% after reporting a 37% jump in Q4 net profit to Rs 584 crore, with revenue up 14%. In contrast, Shakti Pumps shares tumbled 7% as Q4 profit dropped 65% YoY to Rs 38.3 crore. Sonata Software shares surged nearly 10% despite a revenue contraction, driven by a 21% rise in Q4 net profit, strong EBITDA growth, and a final dividend announcement. The bonds market faced pressure as US-Iran tensions resurfaced, pushing Indian government bonds lower. The benchmark 6.48% 2035 bond yield rose to 6.9659% from 6.9328% the previous day.#hdfc_bank #jefferies #pidilite_industries #shakti_pumps #sonata_software
Infosys Falls Out of India's Top 10 Companies as LIC Surpasses It in Market Cap Infosys, once India's second-largest IT company, has slipped out of the top 10 most valuable firms in the country as the state-run Life Insurance Corporation (LIC) overtakes it in market capitalization. The IT giant's market value has declined by over 2 lakh crore rupees this year, pushing it to the 11th position in the rankings. LIC, with a market cap exceeding 5 lakh crore rupees, now holds the 10th spot, marking a significant shift in the competitive landscape of India's corporate sector. The decline in Infosys's market value has been attributed to a combination of factors, including a slowdown in growth and challenges in the global IT services sector. As of April 2026, Infosys's market cap stands at 4.76 lakh crore rupees, a sharp drop from its 6.8 lakh crore rupee valuation in late 2025. This decline has led to a 29% fall in the company's share price this year, with its stock currently trading at 1178 rupees per share. Despite this, the company reported a 27.80% increase in net profit for the fiscal year, reaching 8501 crore rupees, which exceeded analysts' expectations. Infosys's quarterly results for the fourth quarter of 2025 revealed a 2% year-over-year rise in revenue to 46,402 crore rupees, driven by growth in its cloud and digital services divisions. However, the company's stock has faced pressure from broader market trends, including rising interest rates and a slowdown in global demand for IT outsourcing. Over the past year, Infosys's shares have lost 21% of their value, reflecting investor concerns about its long-term growth prospects. The shift in rankings highlights the growing influence of public sector entities in India's financial markets.#reliance_industries #hdfc_bank #infosys #bharti_airtel #life_insurance_corporation
EPFO 3.0 update: Withdraw PF via ATM, UPI; check limits, eligibility The Employees’ Provident Fund Organisation (EPFO) is set to revolutionize the way individuals access their Provident Fund (PF) savings through its EPFO 3.0 initiative. This overhaul aims to modernize the PF withdrawal process by introducing digital-first methods such as UPI and ATM transactions, increasing the auto-settlement limit to Rs 5 lakh, simplifying withdrawal rules, and reducing reliance on employer approvals. The phased rollout, expected to be completed by mid-2026, seeks to balance ease of access with long-term financial security for contributors. Under EPFO 3.0, members will no longer need to navigate cumbersome paperwork or wait for employer approvals to withdraw their PF funds. Instead, they can access their savings through UPI or a PF-linked ATM card, similar to a standard bank account. This change eliminates the need for physical visits to offices and significantly reduces processing times. For instance, withdrawals for essential needs like medical expenses, education, or housing will now be processed faster, with most claims handled automatically. The system also includes Aadhaar-based OTP authentication to ensure secure and instant processing. A critical feature of the update is the increased auto-settlement limit from Rs 1 lakh to Rs 5 lakh. This means that approximately 95% of claims will be processed automatically, with settlement times dropping to hours or even within a day. Manual interventions will be minimized, streamlining the process for most users. However, certain categories, such as withdrawals for unemployment or retirement, will still require specific eligibility criteria.#hdfc_bank #sbi #epfo #upi #atm
Ranchi University Restructures Bank Accounts for 12 Academic Departments Ranchi University has initiated a major overhaul of its financial operations by restructuring the bank accounts of 12 academic departments. The decision involves closing existing accounts and transferring funds to new accounts managed by department heads. The move aims to address financial irregularities and improve transparency in the allocation of resources. According to the university administration, the restructuring process will begin with the closure of old accounts and the opening of new ones. The funds currently held in Canara Bank will be transferred to the new accounts, which will be managed jointly by department heads and their designated representatives. For instance, the Journalism and Mass Communication department will have its account transferred to HDFC Bank’s Shahi Chowk branch, while the Department of History and Distance Education will open new accounts at IDBI Bank’s Upper Bazaar branch. The list of departments affected includes the Department of Journalism and Mass Communication, Rural Development (Humanities), Public Administration (Political Science), PhD Course Work (English), M.Sc. Biotechnology (Botany), the Department of History, Distance Education Directorate, the Department of Indigenous and Regional Languages, ASTRC, MCA (Mathematics), Institute of Management Studies (IMS), and Institute of Legal Studies (ILS). These departments will either have their accounts moved to HDFC Bank or IDBI Bank, depending on their specific requirements. The university administration emphasized that the new accounts will be managed collaboratively by department heads and their representatives, ensuring greater accountability.#hdfc_bank #idbi_bank #canara_bank #ranchi_university #jharkhand_state_government
Stocks to Watch: HDFC Bank, Wipro, RVNL Among 10 Shares in Focus Today The Indian stock market is anticipated to open lower on Monday amid mixed global cues, as investors assess recent developments in the US-Iran conflict in the Middle East. Gift Nifty trends indicate a gap-down opening for domestic markets, with the index trading near the 22,641 level—down nearly 67 points from the previous close of Nifty futures. Hariprasad K, a SEBI-registered research analyst and founder of Livelong Wealth, noted that markets are expected to start flat around the 22690–22700 range. After a three-day pause, trading resumes with sentiment still influenced by global developments, particularly the evolving tensions in the Middle East. The Indian stock market remained closed on Friday, April 3, 2025, due to the Good Friday holiday. On Thursday, the market rebounded from steep losses, closing higher for the second consecutive session, driven by late buying activity. The Sensex rose 185.23 points, or 0.25%, to end at 73,319.55, while the Nifty 50 advanced 33.70 points, or 0.15%, to settle at 22,713.10. Amid the backdrop of the US-Iran conflict, several stocks are expected to remain in focus on Monday, April 6, 2026. HDFC Bank, a key player in the financial sector, reported its average advances under management for the March 2026 quarter rose to ₹29.64 lakh crore, reflecting a 10% growth from ₹26.96 lakh crore in the same period a year earlier. The IT sector also saw activity as Wipro announced a long-term transformation deal with Olam Group. The eight-year engagement is projected to exceed $1 billion in total contract value, including a committed spend of $800 million.#hdfc_bank #wipro #emirates_nbd_bank #sebi_registered_research_analyst #livelong_wealth
iPhone 16e Gets Rs 5,410 Discount: Where to Buy The iPhone 16e has seen a notable price reduction, making it more accessible to consumers. Initially launched last year at a starting price of Rs 59,900, the device is now available at a discounted rate. At Vijay Sales, the iPhone 16e is listed for Rs 57,990, reflecting a Rs 1,910 decrease from its original price. Additionally, buyers who opt for the HDFC Bank credit card EMI plan for 6 months can receive an extra Rs 3,500 discount, bringing the effective starting price down to Rs 54,490. The iPhone 16e retains its signature design elements, including a 6.1-inch Super Retina XDR OLED display with a notch layout. Under the hood, the device is powered by Apple’s A18 Bionic chipset, ensuring smooth performance and efficient power management. It runs on the latest iOS 18 operating system, offering users access to updated features and enhanced security protocols. The rear camera setup of the iPhone 16e consists of a single 48MP main camera, which is optimized for capturing high-quality photos and videos. While the camera configuration is relatively straightforward compared to higher-end models, it still delivers excellent results in various lighting conditions. The device’s design and build quality remain consistent with Apple’s standards, featuring a durable aluminum frame and a glass back panel. The price adjustments for the iPhone 16e are part of a broader trend of discounts offered by retailers to attract buyers. This comes amid increased competition in the smartphone market, with other models like the iPhone 17 Pro also experiencing significant price cuts. The reduced cost of the iPhone 16e makes it an attractive option for users seeking a balance between performance and affordability.#apple #hdfc_bank #iphone_17_pro #iphone_16e #vijay_sales
Bank Holiday on April 3: SBI, HDFC Bank, and Others to Remain Closed in Specific Cities The Reserve Bank of India (RBI) has announced that several major banks, including State Bank of India (SBI), HDFC Bank, Punjab National Bank (PNB), Axis Bank, and ICICI Bank, will be closed on April 3, 2024, due to the observance of Good Friday. This decision aligns with the RBI’s bank holiday calendar, which designates certain days for closures across different regions. The holiday falls on a Saturday, April 3, and is observed in multiple cities where these banks operate. The RBI’s guidelines indicate that the closure will apply to branches in specific cities, though the exact list of locations has not been fully detailed in the initial announcement. However, the bank holiday calendar typically includes major metropolitan areas and regional hubs where these financial institutions have a significant presence. The closure is part of the broader observance of religious holidays, which often result in temporary operational adjustments by banks and other public services. Good Friday is a Christian holiday commemorating the crucifixion of Jesus Christ and is widely observed in countries with significant Christian populations. In India, while it is not a national holiday, several states and cities recognize it as a public holiday, particularly in regions with substantial Christian communities. The RBI’s decision to mark April 3 as a bank holiday reflects the importance of the occasion in certain parts of the country. For customers, the closure means that banking services such as account inquiries, fund transfers, and loan applications may be unavailable during the holiday. However, some branches may offer limited services or operate on reduced hours.#punjab_national_bank #reserve_bank_of_india #axis_bank #hdfc_bank #state_bank_of_india
SBI Trustee Releases Pledged Shares of HDFC Bank and ICICI Bank Linked to Sky Gold The SBI Trustee Company has announced the release of pledged shares of HDFC Bank and ICICI Bank, which were previously held as collateral for a loan related to Sky Gold and Diamonds. This action, effective on March 27, 2026, marks the resolution of the encumbrance, leaving neither bank with any shares subject to security interests tied to the Sky Gold and Diamonds transaction. The release of these shares signifies a significant development in the financial landscape involving the two major Indian banks. HDFC Bank, one of the country’s largest private sector lenders, and ICICI Bank, another leading financial institution, had their shares pledged as part of a financial arrangement with Sky Gold and Diamonds. The exact terms of the original agreement were not disclosed, but the release of the shares indicates that the obligations under the loan have been fulfilled or renegotiated. The SBI Trustee, which acts as a custodian for financial assets in cases of default or legal disputes, confirmed that the shares were no longer held as collateral. This decision was likely based on the completion of the loan repayment process or the restructuring of the financial terms. The removal of the encumbrance means that the shares can now be freely traded or utilized by the respective banks without any restrictions. The timing of this release is noteworthy, as it coincides with broader developments in the Indian financial sector. Both HDFC Bank and ICICI Bank have been navigating challenges related to liquidity, regulatory compliance, and market volatility in recent years. The resolution of this particular encumbrance may provide them with additional flexibility to manage their capital structures and invest in growth opportunities.#icici_bank #hdfc_bank #sbi_trustee #sky_gold #sky_diamonds
