HDFC Asset Management Company has warned investors to reset their passwords and be cautious of SIM-swap attempts following a cybersecurity breach. The company has reported the breach to the relevant authorities and obtained judicial protection over the affected data.
HDFC Asset Management Company has informed investors to reset their passwords immediately following a cybersecurity breach that compromised parts of its IT systems. Investors are advised to remain vigilant against SIM-swap attempts and avoid clicking unknown links.
The Centre-Assam-Nagaland energy deal has sparked controversy among Naga groups, with seven Naga National Political Groups (NNPG) opposing the agreement until key issues are resolved. The deal aims to facilitate exploration and production activities across more than 1,000 square kilometres of land along the 434-km Assam-Nagaland boundary.
The Indian equity market witnessed a significant surge on Friday, with the Sensex and Nifty indices rising 2% and 1.99% respectively, amid softer crude oil prices and easing West Asia tensions. Bank Nifty outperformed the broader market with a gain of nearly 3%. Learn more about the key drivers behind the market rally and the impact on the rupee and global interest rate environment.
The Enforcement Directorate has filed a charge sheet against 55 individuals, including former Reliance senior executives, in a bank loan fraud and money laundering case. The case involves Reliance Home Finance and Reliance Commercial Finance. The charge sheet will be presented for consideration on July 1.
The Reserve Bank of India’s special dispensation has intensified competition among banks to attract foreign currency deposits from Non-Resident Indians (NRIs), with smaller lenders leading the rate hikes and offering over 7% on USD deposits.
Indian equity benchmarks staged a sharp recovery on Friday, with Sensex rising 1% and Nifty 50 up 1.2%, tracking strong gains across Asian markets and a rebound on Wall Street. The decline in crude prices eased inflation concerns and boosted prospects for oil-sensitive sectors.
The Indian IT sector has been hit hard by the latest AI disruption, with stocks plummeting 2.7% and the benchmark Nifty50 ending 0.2% lower. Analysts warn of ongoing structural challenges and headwinds like AI disruption and rate hikes in the US.
India’s banking sector witnessed a significant surge in credit growth, with a 17.4% expansion in May, driven by factors such as GST rate cuts, retail lending, and MSMEs demand. The total bank credit stood at ₹220 lakh crore at the end of May, with deposits reaching ₹265 lakh crore.
India is on the cusp of a Blue Economy moment, with the country set to showcase its top 120 deep-tech ventures at Bharat Innovates 2026 in Nice, France. This initiative marks a significant shift from being a technology market to a technology builder, with a focus on sustainable use of ocean resources and protection of the marine environment.
