HDFC Bank to raise ₹2.7 trillion for merger with HDFC
HDFC Bank Ltd is likely to raise at least ₹2.2 trillion from public deposits and corporate bonds, and an additional ₹50,000 crore from similar papers to meet capital requirements and other pre-requisites…
Zee Sony merger receives approval from stock exchanges
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Thursday authorised the proposed merger of ZEE Entertainment Enterprises Ltd. (ZEEL) with Culver Max Entertainment Private Limited (formerly Sony…
Yes Bank to sell 10% stake to Carlyle, Advent for ₹8,898 crore
Private lender Yes Bank's board on Friday approved to raise a capital of Rs 8,898 crore from funds affiliated with private equity investors Carlyle and Advent International. Both the funds…
Reliance, Ola & Rajesh Exports sign program agreement under PLI scheme for battery manufacturing
Reliance Industries Ltd's (RIL) New Energy arm, Ola Electric Mobility Private Limited and Rajesh Exports Limited are the three companies that have signed the Program Agreement under (PLI) Scheme for…
Irdai changes key rules for insurers
The Insurance Regulatory and Development Authority (Irdai) has made important changes to rules governing sales, investments and commissions charged by insurance companies as part of the ongoing deregulation agenda. The…
SBI Life’s net profit rises 18% YoY to Rs 263 crore in June quarter
Private sector insurer SBI Life’s net profit grew 18 per cent year-on-year (YoY) to Rs 263 crore in the April–June quarter (first quarter, or Q1) of 2022-23 (FY23), aided by…
TVS Motor back in black, Q1 consolidated net profit zooms to Rs 305 crore
Chennai-based two- and three-wheeler major TVS Motor Company posted a consolidated net profit of Rs 305.37 crore during the first quarter of the financial year 2022-23 (Q1FY23) as compared to a loss…
Oil prices rise on tight supply as attention turns to OPEC+ meeting
Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker U.S. dollar as attention turns to what OPEC and allies including Russia agree at a meeting…
Asian stocks rally as markets focus on more gradual pace of rate hikes
Asian stocks took their cue on Friday from a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after…
TATA Steel Shares after Stock Split
Tata Steel shares are going to trade ex-split on Friday as board of directors of the company has fixed record date for Tata Steel share split on 1st August 2022.…
