HDFC Bank Shares In Focus After CEO Named In Lilavati Trust Fraud Allegations
HDFC Bank Share Price: HDFC Bank shares are likely to be in focus on Monday after its Managing Director and CEO, Sashidhar Jagdishan, was named in a police complaint filed by the Mehta family through the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which manages Mumbai's Lilavati Hospital.
According to an NDTV Profit report, the FIR was filed after a court order on May 30, 2025, which directed police to investigate financial fraud charges. The Mehta family alleges that Jagdishan received Rs 2.05 crore from a former LKMM trustee to harass the father of a current trustee. They claim this payment is documented in a handwritten diary, submitted as evidence. Further, they alleged in court that other key evidence was destroyed by former trustees. The court found grounds to file the FIR and directed authorities to investigate.
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Time of India
38 minutes ago
- Time of India
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A generous hike could significantly strain the exchequer, prompting policymakers to tread carefully.A major part of the salary revision hinges on the fitment factor, Fitment factor is the number used to recalculate an employee's basic salary. In the 7th Pay Commission, this was set at 2.57, raising the minimum pay from Rs 7,000 to Rs 18,000. Going by the views expressed by various experts 8th Pay Commission could recommend a fitment factor between 2.5 and 2.86. "Considering the inflation factor, there are indications that the fitment factor may stay between 2.5- 2.8 times, which will give a significant boost to employee salaries between Rs 40,000 and Rs 45,000," says Krishnendu Chatterjee, Vice President at the top-end 2.86 figure is accepted, the minimum basic salary could climb to over Rs 51,000. However, due to its fiscal implications, such a steep hike may be challenging. 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India.com
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- India.com
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India Gazette
39 minutes ago
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