Latest news with #SashidharJagdishan
Economic Times
13 hours ago
- Business
- Economic Times
HDFC Bank shares in focus amid loan record, bribery allegations by Lilavati Trust
HDFC Bank shares: The trust that runs the renowned Lilavati Hospital in Mumbai has claimed that the bank has given inconsistent figures regarding a single loan—first stating it as ₹4.8 crore, then ₹450 crore, and now ₹65.22 crore—without providing any formal loan agreement or ledger as evidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads HDFC Bank share price performance Shares of HDFC Bank are expected to be in focus on Thursday after the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) leveled serious allegations against the bank and its MD & CEO, Sashidhar Jagdishan, citing inconsistencies in loan records and allegations of trust, which operates the well-known Lilavati Hospital in Mumbai, has alleged that the bank has made conflicting statements about a single loan amount—initially quoting Rs 4.8 crore, then Rs 450 crore, and now Rs 65.22 crore—without producing any official loan agreement or Trust has maintained that it has never taken any loan from HDFC the Trust alleged that a bribe of Rs 2.05 crore was paid to the bank's CEO to assist another group in remaining in control of the Bank has denied all allegations, stating they are false, malicious, defamatory, and devoid of any bank reiterated that neither it nor its CEO has engaged in any illegal or unethical conduct. The bank said it is concerned about its stakeholders and is on the verge of taking strong legal action, as per expert advice, against those who are initiating these baseless allegations with malicious and ulterior motives, or are involved in propagating the the past one year, the shares of HDFC Bank have gained 24.59%, while the year-to-date (YTD) return stands at 9.38%. In the last 6 months, the stock has appreciated by 4.61%, and in the most recent 3-month period, it has delivered a strong gain of 15.71%. Over the past 1 month, the stock has risen by 3.20%. HDFC Bank shares closed 0.8% lower at Rs 1,949.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
13 hours ago
- Business
- Time of India
HDFC Bank shares in focus amid loan record, bribery allegations by Lilavati Trust
Shares of HDFC Bank are expected to be in focus on Thursday after the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) leveled serious allegations against the bank and its MD & CEO, Sashidhar Jagdishan, citing inconsistencies in loan records and allegations of bribery. The trust, which operates the well-known Lilavati Hospital in Mumbai, has alleged that the bank has made conflicting statements about a single loan amount—initially quoting Rs 4.8 crore, then Rs 450 crore, and now Rs 65.22 crore—without producing any official loan agreement or ledger. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A casa do Padre Fábio de Melo chocou o mundo inteiro Weight Loss Groove Undo The Trust has maintained that it has never taken any loan from HDFC Bank. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Further, the Trust alleged that a bribe of Rs 2.05 crore was paid to the bank's CEO to assist another group in remaining in control of the Trust. HDFC Bank has denied all allegations, stating they are false, malicious, defamatory, and devoid of any truth. Live Events The bank reiterated that neither it nor its CEO has engaged in any illegal or unethical conduct. The bank said it is concerned about its stakeholders and is on the verge of taking strong legal action, as per expert advice, against those who are initiating these baseless allegations with malicious and ulterior motives, or are involved in propagating the same. HDFC Bank share price performance Over the past one year, the shares of HDFC Bank have gained 24.59%, while the year-to-date (YTD) return stands at 9.38%. In the last 6 months, the stock has appreciated by 4.61%, and in the most recent 3-month period, it has delivered a strong gain of 15.71%. Over the past 1 month, the stock has risen by 3.20%. HDFC Bank shares closed 0.8% lower at Rs 1,949.60 on the BSE on Wednesday. Also read: Nifty to climb new high by Sept-Oct; bullish on 3 stocks now: Dharmesh Shah ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
14 hours ago
- Business
- News18
Stocks To Watch: Wipro, Maruti Suzuki, SBI, Bank of Baroda, Nazara Tech, NTPC, And Others
Last Updated: Stocks to watch: Shares of firms like Wipro, Maruti Suzuki, SBI, Bank of Baroda, Nazara Tech, NTPC, and others will be in focus on Thursday's trade Stocks to Watch on June 12: Indian markets remained volatile and ended marginally higher on June 11 amid limited fresh triggers. In today's session, these stocks could see action based on key news developments. Bank of Baroda: The state-run lender has reportedly emerged as the top bidder for Jet Airways' 83,000 sq ft office space in Godrej BKC, located in Mumbai's Bandra-Kurla Complex, according to The Economic Times. Nazara Technologies: Axana Estates, Plutus Wealth Management, and Junomoneta Finsol have jointly made an open offer to acquire a 26% stake in the gaming and sports media company. State Bank of India (SBI): SBI has completed the recruitment of 13,455 junior associates to strengthen its customer-facing operations across the country. Wipro: Around 18.05 crore shares of Wipro, representing a 1.72% stake, were traded in block deals between promoter group entities on Wednesday, as per exchange data. The public sector power utility has raised $750 million through External Commercial Borrowing (ECB) to fund its growth and expansion initiatives. In an ongoing dispute, the Lilavati Kirtilal Mehta Medical Trust reiterated its criticism of HDFC Bank MD and CEO Sashidhar Jagdishan, claiming the bank failed to submit key loan documents in court. Maruti Suzuki: The NCLT Principal Bench in New Delhi has approved the first motion for the merger of Suzuki Motor Gujarat Pvt. Ltd. with Maruti Suzuki India, effective June 10, 2025. Zydus Lifesciences: Zydus has received an Establishment Inspection Report (EIR) from the USFDA for its API manufacturing facility in Ankleshwar, Gujarat, signifying closure of a recent inspection. RailTel: The railway PSU has secured a Rs 119.49 crore contract from South Eastern Coalfields Ltd. (SECL) to provide managed bandwidth services under an OPEX model. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 12, 2025, 08:21 IST
Mint
15 hours ago
- Business
- Mint
Stocks to watch: SBI, Wipro, HDFC Bank, NTPC, Nazara Technologies among shares in focus today
The nation's largest public sector bank has finalized the hiring of 13,455 junior associates to enhance its customer-facing services across branches nationwide. Approximately 18.05 crore Wipro shares, representing a 1.72% stake, were traded between promoter group entities via open market transactions on Wednesday, as per exchange data. Government-run power major NTPC has secured $750 million via External Commercial Borrowing (ECB) to support its business growth and expansion plans. The government-owned company said it plans to invest around ₹ 2,000 crore over the next five to six years. In a renewed criticism of HDFC Bank MD and CEO Sashidhar Jagdishan, the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) stated that the bank's assertions concerning a particular loan are contradictory and that it has never submitted any formal loan ledger or agreement in court pertaining to its dealings with the Trust. The Principal Bench of the National Company Law Tribunal (NCLT) in New Delhi has approved the first motion application for the merger of Suzuki Motor Gujarat Private Limited, a wholly owned subsidiary, with Maruti Suzuki India on June 10, 2025. Zydus Lifesciences, a pharmaceutical company, announced that it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its active pharmaceutical ingredient (API) manufacturing plant in Ankleshwar, Gujarat. The Railway PSU announced that it has received a work order valued at ₹ 119.49 crore (including taxes) from South Eastern Coalfields Limited (SECL) for delivering managed bandwidth services under an operating expenditure (OPEX) model. The company stated that its Committee of Independent Directors has evaluated the ongoing open offer from Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Pvt. Ltd. and found it to be "fair and reasonable." The company, in partnership with Dilip Buildcon Ltd, has entered into an agreement worth ₹ 2,631.14 crore with Bharat Sanchar Nigam Limited (BSNL) for implementing the BharatNet middle-mile network in the Jammu & Kashmir and Ladakh telecom circles under Package 13. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
16 hours ago
- Business
- Economic Times
Stocks in news: Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda
Markets remained volatile for yet another session and ended marginally in the green amid a lack of fresh triggers. In today's trade, shares of Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda among others will be in focus due to various news developments. ADVERTISEMENT Wipro About 18.05 crore shares of Wipro, amounting to a 1.72% stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data. Advait Energy Ace investor Vijay Kedia on Wednesday bought 1 lakh shares in Advait Energy Transitions at a price of Rs 1,725 per share. Bank of Baroda Public sector lender Bank of Baroda has emerged as the highest bidder for the Jet Airways' 83,000 sq ft office space in commercial tower Godrej BKC in Mumbai's business district Bandra-Kurla Complex, ET reported. HDFC Bank In a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) said the claims made by the bank about a single loan are not consistent and it has never produced any official loan ledger or agreement in court regarding its transaction with the Trust. NTPC State-owned power giant NTPC raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion. ADVERTISEMENT NIIT ICICI Bank sold its entire 18.8% stake in NIIT Institute of Finance Banking and Insurance Training (NIIT-IFBI) for Rs 6 .1 cr to NIIT. ADVERTISEMENT Zydus Life Pharmaceutical company Zydus Lifesciences said it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its active pharmaceutical ingredient (API) manufacturing facility located in Ankleshwar, Gujarat. Maruti Suzuki NCLT approved the first motion application for the amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary, into Maruti Suzuki India. ADVERTISEMENT Nazara Tech Axana Estates, Plutus Wealth Management and Junomoneta Finsol make an open offer to acquire 26% stake in Nazara Tech. Sterlite Technologies Sterlite Technologies has signed a Rs 2,631 crore agreement with BSNL for the BharatNet middle-mile network in Jammu and Kashmir and Ladakh telecom circles. ADVERTISEMENT Angel One Ketan Shah resigned as the chief sales and revenue officer - assisted business and whole time director of the company with effect from July 18. NIBE NIBE received a purchase order worth Rs 23 crore from infra and defence company for supply of Armor Plate MIL12560. (You can now subscribe to our ETMarkets WhatsApp channel)
