Economy

Economy, Stock Market

HDFC Bank Appoints External Law Firms To Probe Atanu Chakraborty’s Exit

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HDFC Bank has hired external law firms to review Atanu Chakraborty’s shock resignation. The lender’s shares have plunged 12% since his sudden departure. HDFC Bank Ltd. has appointed an external law firm to conduct a thorough review of Atanu Chakraborty’s shock exit as part-time chairman and Independent Director of the bank, the lender confirmed in an exchange filing on Tuesday. Chakraborty, who had joined HDFC Bank in 2021, had announced his resignation from HDFC Bank last week, as he pointed to ethical differences between him and how the bank operates, without providing further details. The nature and tone of Chakraborty sent ripples through the stock market, with HDFC Bank’s shares taking a sharp fall. Since his announcement, the lender’s shares have fallen almost 12% ahead of Tuesday’s market open.

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Gold, Silver Rate Today Live: Gold prices dip amid probable second-round talks between US and Iran, check rates in Kolkata, Delhi, Mumbai, Kerala, Tamil Nadu

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Silver prices rose by Rs 11,800 to Rs 2.57 lakh per kg while gold advanced by Rs 3,000 to Rs 1.58 lakh per 10 grams in the national capital on Wednesday ahead of Akshaya Tritiya New Delhi: In a significant development, the gold prices have fallen by 10.6 percent since the beginning of the Iran conflict. As per the HDFC Bank report, gold and the US dollar show a strong negative correlation over the last 5 decades. On Wednesday, the closing bullion rates highlited a mixed trend across key markets. In Bengaluru, 1 gram of 22K gold was priced at Rs 14,660, while 24K gold stood at Rs 16,000. Silver was quoted at Rs 2,68,800 per kg. In Mumbai bullion markets, silver spot was at Rs 2,49,019 per kg. Standard gold (99.5) was priced at Rs 1,52,253, while pure gold (99.9) stood at Rs 1,52,865, according to PTI. Spot silver held steady at USD 79.58 per ounce, reflecting little movement even as other precious metals witnessed mixed trends in the market. Gold drifted lower on Wednesday after hitting a one-month peak, as investors assessed fresh signals on the US–Iran situation and their implications for the interest rate outlook. Spot gold fell 0.7 percent to $4,807.34 per ounce as of 11:22 a.m. ET (1522 GMT), after touching its highest level since March 18 earlier in the session. U.S. gold futures were down 0.4 percent at USD 4,830.60. Silver prices rose by Rs 11,800 to Rs 2.57 lakh per kg while gold advanced by Rs 3,000 to Rs 1.58 lakh per 10 grams in the national capital on Wednesday, driven by fresh buying from jewellers and stockists ahead of Akshaya Tritiya. Akshaya Tritiya, considered an auspicious day to buy precious metals, will be celebrated on April 19 this year.

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Gems and jewellery exports fall to five-year low on U.S. tariffs

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Shipments to the ‌U.S. fell 45% from a year earlier to $5.09 billion, as exports were disrupted for several months after Washington imposed reciprocal ‌tariffs and later added a further 25% ​duty on Indian goods, GJEPC data showed. Gems and jewellery exports in the 2025/26 fiscal year ​dipped 3.3% from a year earlier to their ‌lowest level in five years, as ​shipments to the top buyer, the ⁠U.S., nearly halved, a leading trade body said on Wednesday (April 15, 2026), reflecting the impact of tariffs and ‌duties. Gem and jewellery exports in the year to the end ‌of March fell to $27.72 billion, the lowest ‌since ⁠2020/21, when pandemic-led lockdowns disrupted trade, ⁠and down from $28.7 billion in the previous year, the Gem and Jewellery Export Promotion Council (GJEPC) said in a ​statement.

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West Bengal polls 2026: Amid welfare push, bidi work sustains women in Malda villages

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Malda: Amid talks of women empowerment and other benefits of the ‘Lakshmir Bhandar’ scheme touted by the Trinamool Congress, ET discovered that even in the remotest villages of West Bengal’s Malda district, women are self-employed and not solely dependent on the welfare scheme. In most of the houses ET visited in Malda’s remotest parts–from Achintala to Sujapur–women roll bidis at home. They have been doing it for years.”Yes, we get ‘Lakshmir Bhandar’; my daughters get ‘Kanyasree’ for education; but bidi-making is a form of livelihood for me,” said Mousamad Bibi, a resident of Debipur-Hajipur in Kaliachak block.She said she makes bidis apart from doing the household work. “Running around here and there for SIR documents has made us lose so much money every day,” she  .. Bidis are made of Kendu leaves. The work largely comes under the unorganised sector.A bidi maker earns between Rs 150 and Rs 200 for 1,000 bidis rolled. The leaves are either procured from factories in a centralised place or from some households that collect and prepare the leaves. Bidi-making is a well-known means of livelihood in the region. To woo voters, Trinamool Congress’ Sabina Yasmin, the sitting legislator from Mothabari who is contesting from Sujapur, was seen sitting in a village making bidis with local women as part of her campaign. Taheba Bibi, from Jagdishpur area, runs a grocery shop at her home. “I get Rs 200 per 1,000 bidis I make. We have been doing this for years,” said Taheba Bibi, sitting next to a handmade basket with dry kendu leaves.