Business News: Economy & Markets

Keki Mistry says role of interim Chairman of HDFC Bank aligns with his values

IANS | March 19, 2026 12:25 PM

Mumbai, March 19 (IANS) As the Reserve Bank of India (RBI) approved the appointment of veteran banker Keki Mistry as the interim part-time Chairman of HDFC Bank for a period of three months, effective March 19, the bank held a conference call with analysts. During the interaction, Mistry said he accepted the role as it aligned with his personal values and principles.

India's power capacity reaches 520.51 GW in FY26; shortage declines to 0.03 pc

IANS | March 19, 2026 12:19 PM

New Delhi, March 19 (IANS) India added a record 52,537 MW of generation capacity from all sources during FY26 (up to January 31), marking the highest ever capacity addition in a single year, surpassing the previous record of 34,054 MW achieved in FY25, the government has said.

No material concerns, HDFC Bank has sound financials: RBI

IANS | March 19, 2026 11:52 AM

New Delhi, March 19 (IANS) The Reserve Bank of India (RBI) on Thursday said that HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team, after the resignation of part-time chairman Atanu Chakraborty over alleged “ethical differences” in one of the biggest private lenders.

Quick commerce to drive India’s $150 billion packaged F&B market growth: Report

IANS | March 19, 2026 11:34 AM

New Delhi, March 19 (IANS) India’s packaged food and beverages (F&B) market is set to enter a new phase of growth, projected to expand to over $150 billion by 2030 from around $100 billion currently, driven largely by the rapid rise of quick commerce, a report said on Thursday.