Our systems and oversight mechanisms robust: Mistry

MUMBAI: HDFC Bank‘s interim chairman Keki Mistry said the bank’s management reviews every issue and takes corrective action. His comments come in the wake of the sudden resignation of former chairman Atanu Chakraborty three days ago, citing misalignment between certain practices and his values and ethics.Chakraborty’s exit has been marked by investor anxiety, sharp market…

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Kotak sells stake in capital market lending arm | India News

MUMBAI: Kotak Mahindra Bank said on Saturday that its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell close to 31% stake in Infina Finance – a capital market lending arm – to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman, Aryavir, and Nishtha Jhunjhunwala Discretionary Trusts, Derive Trading and Resorts,…

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If one trader can force the outcome of a prediction market, it shouldn’t be tradable

As platforms such as Polymarket gain mainstream visibility during U.S. election cycles and major geopolitical events, their prices are increasingly cited as real-time signals of truth. The pitch is seductive: let people put money behind beliefs, and the market will converge on reality faster than polls or pundits. But that promise collapses when a contract…

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Datta Meghe: Veteran BJP leader Datta Meghe passes away at 89; great loss for Vidarbha, says Gadkari | India News

NAGPUR: Veteran BJP leader Datta Meghe passed away on Sunday evening at the age of 89, his close aide and former Nagpur deputy mayor Raghunath Malikar said.Meghe is the father of Hingna MLA Sameer Meghe and former MLC Sagar Meghe.Datta Meghe was a four-time Congress Lok Sabha MP from Nagpur, Ramtek and Wardha and was…

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Abdul Basit: If America strikes us, we should attack Indian cities like Delhi and Mumbai: Ex-Pak envoy | India News

In a hugely provocative statement, Abdul Basit, former high commissioner of Pakistan to India, has said that striking Indian cities like New Delhi and Mumbai should be Islamabad’s “default move” if the country comes under attack from the US.“America won’t attack Pakistan’s nuclear arsenal. Even if we believe that in a hypothetical situation, America attacks…

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