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In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman

In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman MUMBAI: The HDFC Bank board has appointed former chief election commissioner and ex–finance secretary Rajiv Kumar as chairman of the bank, subject to RBI approval. Starting June 30, the board has proposed a four-year term. The appointment ends uncertainty over the next chairman, following the sudden...
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Manufacturing powers industrial output growth of 5.1%

Manufacturing powers industrial output growth of 5.1% NEW DELHI: Industrial production grew 5.1% in May 2026, as against 3.4% a year ago, on account of strong expansion recorded in electricity and manufacturing sectors during the month, pointing to a resilient domestic demand in the face of the West Asia conflict. Sequentially too, industrial production fared...
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Trump says he picks Sonderling to be labor secretary

Keith Sonderling, acting US secretary of labor, during a Senate Appropriations Subcommittee on Departments of Labor, Health and Human Services, and Education, and Related Agencies hearing in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images President Donald Trump posted on Truth Social on Monday that he would nominate Keith Sonderling, who is acting labor secretary,...
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Persistent CEO backs protocols amid Nagarro stock rally scrutiny

Persistent CEO backs protocols amid Nagarro stock rally scrutiny BENGALURU: Responding to concerns over unusual trading activity in Munich-based IT firm Nagarro’s shares ahead of the deal announcement, Persistent Systems CEO Sandeep Kalra said the company followed “a very strict protocol” and tightly controlled access to the transaction. His comments came after Nagarro chief executive...
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U.S. tech rivalry heats up

At a supply chain expo in Beijing on June 24, 2026, PwC Global Chair Mohamed Kande gives a tour of the company’s booth to Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT). CNBC | Evelyn Cheng Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest...
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Waymo and Uber end robotaxi pilot in Phoenix

A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Waymo automated vehicle rides are no longer available via the Uber app in Phoenix, Arizona, the companies confirmed on Monday. “Phoenix was our first pilot market with Waymo and was an intentionally limited deployment, reaching just...
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