Business  /  Published 01.06.22

HDFC to ramp up bank network

In the age of digital banking, HDFC Bank plans to aggressively expand its branch network. The country’s largest private sector lender is planning to add 1,500-2,000 branches annually over the n...
By Our Special Correspondent in Mumbai

Business  /  Published 07.05.22

L&T Info, Mindtree boards clear merger

Shareholders of Mindtree as on record date will receive 73 shares of LTI (face value of Rs 1 each) for 100 shares of Mindtree (face value of Rs 10 each). The new shares of LTI issued will be traded on...
By Our Bureau in Calcutta

Business  /  Published 07.04.22

BSNL, MTNL merger deferred

The merger of BSNL and MTNL has been deferred because of the high debt of MTNL, Parliament was informed on Wednesday. The government had approved the revival plan of Bharat Sanchar Nigam Limited (BSN...
By Our Special Correspondent in New Delhi

Business  /  Published 05.04.22

Mandatory reserves to suck up funds

The proposed HDFC-HDFC Bank merger will bring some additional costs to the combined entity. A bigger HDFC Bank may have to provide for extra cash reserve ratio (CRR) and statutory liquidity ratio (SL...
By Our Special Correspondent in Mumbai

Business  /  Published 04.04.22

HDFC Bank in 'merger of equals'

  India's largest private lender HDFC Bank on Monday agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan in...
By Our Bureau, PTI in New Delhi


Business  /  Published 04.04.22

HDFCs to merge, shares zoom

The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a regulatory filing. The scheme of amalgamation will...
By Our Bureau, PTI in New Delhi

Business  /  Published 09.01.22

Equitas begins merger drill

Equitas Holdings will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). Under the RBI’s...
By PTI in New Delhi

Business  /  Published 22.09.21

Zee and Sony announce merger

India's largest publicly-traded television network Zee Entertainment Enterprises will merge with Sony Pictures Network India (SPNI), capping days of high drama during which the firm's sharehol...
By Our Bureau, PTI in New Delhi

Business  /  Published 29.07.21

Govt permits 100% FDI in oil PSUs

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment.    ...
By PTI, Our Bureau in New Delhi

Business  /  Published 11.07.21

Equitas parent eyes merger

Equitas Holdings Ltd, the promoter of Equitas Small Finance Bank (ESFB), is looking to merge with the bank. At present, Equitas Holdings Ltd has an 81.98 per cent stake in the niche lender. In a regu...
By Our Special Correspondent in Mumbai


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