Sashidhar Jagdishan on what the cope with HDFC means to HDFC Bank
The nation’s largest housing finance firm and the most important personal sector financial institution introduced on Monday that their boards have authorized an all-stock amalgamation of HDFC Ltd into HDFC Bank, topic to regulatory approvals. At current, HDFC is the mum or dad firm of the financial institution. Sashidhar Jagdishan, managing director and chief government officer of HDFC Bank, tells Business Standard what the cope with HDFC means to the financial institution and the alternatives it gives. Read extra
LIC IPO: Govt could enhance allotment dimension to align provide with Sebi’s guidelines
The Centre could enhance the allotment of its shares within the preliminary public providing (IPO) of Life Insurance Corporation of India (LIC), to align the provide with the Securities and Exchange Board of India’s (Sebi’s) itemizing tips. The market regulator has authorized the insurer’s up to date draft purple herring prospectus (DRHP), paving the way in which for the Centre to file the purple herring prospectus (RHP) for India’s greatest IPO. Read extra
The $400 billion story: India’s export boom mirrors neighbourhood surge
India’s surging export numbers is much like a development seen in different international locations within the neighbourhood. Vietnam, Indonesia, South Korea and Japan all have export numbers that are close to or at their highest in at the least a decade; reveals an evaluation of information from the World Trade Organisation. The worldwide numbers seem with a lag. Numbers until January have been thought of as a standard cut-off for the evaluation. Read extra
Recovery tracker: Retail and recreation visits go up, reveals knowledge
More folks stepped out for retail and recreation visits even because the variety of every day Covid-19 circumstances slipped under the three-figure mark. Retail and recreation visits had been 8.9 per cent greater than earlier than the pandemic took maintain, reveals mobility knowledge from search engine Google. It tracks peoples’ actions utilizing anonymised location knowledge. This helps perceive mobility developments throughout international locations throughout the pandemic. Workplace visits additionally moved greater. Read extra
Explained: Why Bharat Petroleum Corp divestment is on the gradual observe
Delays in due diligence, coverage opacity and now the Ukraine disaster have introduced the method to a near-standstill. The authorities has stated BPCL’s due diligence is but to be accomplished. This step is crucial as a result of the transaction advisers can invite monetary bids via request for proposal (RFP) paperwork to certified shortlisted bidders solely after due diligence is accomplished. Read extra
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