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What is the story about?
Big names, bigger boardroom moves
India’s banking and corporate boardrooms saw a flurry of high-profile leadership and governance developments on Thursday, with two major private lenders naming their next chief executives and senior Tata Trusts members raising concerns over a proposed restructuring at Tata Sons. HDFC Bank turned to ICICI veteran Anup Bagchi to steer its next phase, while Kotak Mahindra Bank secured RBI approval for Anup Kumar Saha to take over as MD & CEO. At the Tata Group, trustees Venu Srinivasan and Vijay Singh have questioned the process surrounding a proposal to merge two group entities into Tata Sons, sources told CNBC-TV18.
HDFC Bank names ICICI veteran Anup Bagchi as new MD & CEO, ending succession suspense
HDFC Bank has appointed Anup Bagchi as its new Managing Director and CEO, after the Reserve Bank of India (RBI) approved his appointment for a three-year term, bringing an external candidate to the top job at India's largest private sector bank and ending months of uncertainty over its leadership transition.
Read more
Kotak Mahindra Bank shares gain over 3% after RBI approves Anup Saha as new MD & CEO
The Reserve Bank of India, on Thursday, October 1, approved Anup Kumar Saha as the next MD & CEO of Mumbai-based Kotak Mahindra Bank Ltd. Saha will replace outgoing MD & CEO Ashok Vaswani from January 1, 2027, for a period of three years.
Read more
Venu Srinivasan, Vijay Singh write to fellow trustees, flag concerns over Tata Sons restructuring: Sources
Venu Srinivasan and Vijay Singh, vice chairmen of Tata Trusts and trustees of Sir Dorabji Tata Trust (SDTT), have raised questions over the process followed for a proposal seeking to merge Tata Electronics Support Services (TESS) and Tata Consulting Engineers (TCE) into Tata Sons, sources told CNBC-TV18.
Read more
Why the stock market fell for 8th straight week, its longest losing streak in 25 years
The equity benchmark indices extended their losing streak on Thursday, with the Nifty falling 199 points to 22,422 and the Sensex declining 571 points to 71,910. The Nifty Bank slipped 182 points to 54,451, while the Nifty Midcap index fell 600 points to 58,732.
Read more
FII selling nears ₹35,000 crore in four days as Indian stocks extend losses
Foreign investors sold nearly ₹35,000 crore of Indian equities in four sessions, while strong DII buying cushioned the market as stocks fell for a fourth straight day.
Read More
Also Read: Three in every four stocks slip below 100-day moving average as FPI selling intensifies
Today’s big stories: IRDAI, auto & AI
From an insurance reset to a strong auto sales print and a solid quarter for a global IT major, Thursday brought a packed slate of business and market developments. IRDAI Chairman Ajay Seth outlined the regulator’s push to make insurance economics more efficient, while Mahindra reported a 15% jump in September auto sales. Overseas, Accenture wrapped up FY26 with higher revenue and margins, even as the US FTC opened an investigation into major AI companies. And in a dramatic aviation development, Israeli passenger Yaniv Hayoun was credited with helping regain control of a Flydubai aircraft after an alleged cockpit attack.
Exclusive: IRDAI chief Ajay Seth wants insurers to cut costs, improve efficiency with new distribution rules
IRDAI Chairman Ajay Seth said the regulator’s consultation paper on recalibrating the economics of insurance distribution is aimed at making the entire insurance sector more efficient and productive, rather than focusing only on distribution costs. Speaking exclusively to CNBC-TV18 at its Market Forum event, Seth said the paper seeks to align the economics of insurers, distributors and the regulator with the interests of policyholders.
Read more
Also read: IRDAI's insurance reforms need phased rollout, not one-size-fits-all approach: Industry CEOs
Mahindra Auto September sales rise 15% to 1.15 lakh units, SUVs up 14%
Mahindra & Mahindra reported a 15% year-on-year increase in overall auto sales to 1.15 lakh vehicles in September 2026, including exports. The total includes SUVs, light commercial vehicles (LCVs) below 3.5 tonnes, three-wheelers and export volumes.
Read more
Also Read: TVS, Hero MotoCorp September sales beat estimates as auto demand stays strong
Accenture Q4 revenue grows 6%, margin expands as IT giant beats guidance
Accenture ended fiscal 2026 on a strong note, with fourth-quarter revenue rising 6% year-on-year to $18.7 billion and coming in above the high end of the company’s guided range
Read more
US FTC opens an investigation into AI giants
Yaniv Hayoun: Israel’s ‘hero’ plumber who helped regain control of Flydubai plane under attack
Israeli passenger Yaniv Hayoun has emerged as one of the key figures credited with helping avert a catastrophe aboard a Flydubai flight after a co-pilot allegedly attacked the captain and attempted to take control of the aircraft.
Read more
Also Read: Rubio ordered Iranian UN delegation to leave US after talks stalled: Report
That’s your Top 10@10 for today. Enjoy your weekend; we’ll see you on Monday with another roundup.
India’s banking and corporate boardrooms saw a flurry of high-profile leadership and governance developments on Thursday, with two major private lenders naming their next chief executives and senior Tata Trusts members raising concerns over a proposed restructuring at Tata Sons. HDFC Bank turned to ICICI veteran Anup Bagchi to steer its next phase, while Kotak Mahindra Bank secured RBI approval for Anup Kumar Saha to take over as MD & CEO. At the Tata Group, trustees Venu Srinivasan and Vijay Singh have questioned the process surrounding a proposal to merge two group entities into Tata Sons, sources told CNBC-TV18.
HDFC Bank names ICICI veteran Anup Bagchi as new MD & CEO, ending succession suspense
HDFC Bank has appointed Anup Bagchi as its new Managing Director and CEO, after the Reserve Bank of India (RBI) approved his appointment for a three-year term, bringing an external candidate to the top job at India's largest private sector bank and ending months of uncertainty over its leadership transition.
Read more
Kotak Mahindra Bank shares gain over 3% after RBI approves Anup Saha as new MD & CEO
The Reserve Bank of India, on Thursday, October 1, approved Anup Kumar Saha as the next MD & CEO of Mumbai-based Kotak Mahindra Bank Ltd. Saha will replace outgoing MD & CEO Ashok Vaswani from January 1, 2027, for a period of three years.
Read more
Venu Srinivasan, Vijay Singh write to fellow trustees, flag concerns over Tata Sons restructuring: Sources
Venu Srinivasan and Vijay Singh, vice chairmen of Tata Trusts and trustees of Sir Dorabji Tata Trust (SDTT), have raised questions over the process followed for a proposal seeking to merge Tata Electronics Support Services (TESS) and Tata Consulting Engineers (TCE) into Tata Sons, sources told CNBC-TV18.
Read more
Why the stock market fell for 8th straight week, its longest losing streak in 25 years
The equity benchmark indices extended their losing streak on Thursday, with the Nifty falling 199 points to 22,422 and the Sensex declining 571 points to 71,910. The Nifty Bank slipped 182 points to 54,451, while the Nifty Midcap index fell 600 points to 58,732.
Read more
FII selling nears ₹35,000 crore in four days as Indian stocks extend losses
Foreign investors sold nearly ₹35,000 crore of Indian equities in four sessions, while strong DII buying cushioned the market as stocks fell for a fourth straight day.
Read More
Also Read: Three in every four stocks slip below 100-day moving average as FPI selling intensifies
Today’s big stories: IRDAI, auto & AI
From an insurance reset to a strong auto sales print and a solid quarter for a global IT major, Thursday brought a packed slate of business and market developments. IRDAI Chairman Ajay Seth outlined the regulator’s push to make insurance economics more efficient, while Mahindra reported a 15% jump in September auto sales. Overseas, Accenture wrapped up FY26 with higher revenue and margins, even as the US FTC opened an investigation into major AI companies. And in a dramatic aviation development, Israeli passenger Yaniv Hayoun was credited with helping regain control of a Flydubai aircraft after an alleged cockpit attack.
Exclusive: IRDAI chief Ajay Seth wants insurers to cut costs, improve efficiency with new distribution rules
IRDAI Chairman Ajay Seth said the regulator’s consultation paper on recalibrating the economics of insurance distribution is aimed at making the entire insurance sector more efficient and productive, rather than focusing only on distribution costs. Speaking exclusively to CNBC-TV18 at its Market Forum event, Seth said the paper seeks to align the economics of insurers, distributors and the regulator with the interests of policyholders.
Read more
Also read: IRDAI's insurance reforms need phased rollout, not one-size-fits-all approach: Industry CEOs
Mahindra Auto September sales rise 15% to 1.15 lakh units, SUVs up 14%
Mahindra & Mahindra reported a 15% year-on-year increase in overall auto sales to 1.15 lakh vehicles in September 2026, including exports. The total includes SUVs, light commercial vehicles (LCVs) below 3.5 tonnes, three-wheelers and export volumes.
Read more
Also Read: TVS, Hero MotoCorp September sales beat estimates as auto demand stays strong
Accenture Q4 revenue grows 6%, margin expands as IT giant beats guidance
Accenture ended fiscal 2026 on a strong note, with fourth-quarter revenue rising 6% year-on-year to $18.7 billion and coming in above the high end of the company’s guided range
Read more
US FTC opens an investigation into AI giants
Yaniv Hayoun: Israel’s ‘hero’ plumber who helped regain control of Flydubai plane under attack
Israeli passenger Yaniv Hayoun has emerged as one of the key figures credited with helping avert a catastrophe aboard a Flydubai flight after a co-pilot allegedly attacked the captain and attempted to take control of the aircraft.
Read more
Also Read: Rubio ordered Iranian UN delegation to leave US after talks stalled: Report
That’s your Top 10@10 for today. Enjoy your weekend; we’ll see you on Monday with another roundup.
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