Axis Bank completes acquisition of Citibank’s India consumer business
Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore prior to evaluation of the closing position of…
India’s economic growth rate slowed to 4.4% in the December quarter
India’s GDP growth for the quarter ended December 2022 moderated to 4.4 per cent, as per government data. This is a significant drop from the 6.3 per cent GDP growth…
Vedanta share price gains as Anil Agarwal-led firm ‘confident’ of meeting debt repayment liabilities
Shares of Vedanta Ltd surged nearly 2% to ₹275 apiece on the BSE in Wednesday's opening deals after billionaire Anil Agarwal's Vedanta Resources Ltd on Tuesday said it has enough means…
China’s Ant Group plans to sell some of its stake in Paytm
Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people…
RBI to conduct 14-day variable rate reverse repo today
The Reserve Bank of India (RBI) will conduct a 14-day variable rate reverse repo (VRRR) auction today, February 24 for a notified amount of ₹50,000 crore. The auction will be held…
HDFC Bank raises $750 mn in dollar bond sale
The country's largest private sector lender HDFC Bank on Thursday announced that it has raised $750 million through a dollar bond sale. “HDFC Bank Limited acting through GIFT City IFSC…
Axis Bank-Citibank deal to be completed by March 1
Private sector lender Axis Bank on Thursday said that the deal to acquire Citibank's India's consumer business and NBFC business is expected to completed by 1 March,2023. Axis Bank will acquire Citibank’s…
DLF to prepay 5,000 NCDs worth ₹500 cr: Check details here
Real estate developer, DLF on Thursday said that the company has exercised the option to prepay the non-convertible debentures (NCDs) worth ₹500 crores, according to its regulatory filing. DLF had allotted 5,000…
This company is offering ₹3.5 lakh bonus to each employee after record sales
A French luxury design firm has announced that everyone on its team will receive a special bonus of €4,000 at the end of February ( ₹3.5 lakh). The Paris-based design company…
LIC share price falls as the insurance company stares at losses in Adani stocks
The share price of Life Insurance Corporation (LIC) falls on Friday after the data showed that the insurance giant's investments made in the Adani group companies have turned negative. LIC's…
