Confidential area loan specialist HDFC Bank on Wednesday posted its June quarter update for both independent business and the combined element. The bank’s independent business saw a development of almost 16% in progress while consolidated substance’s — HDFC Bank + HDFC — propels have risen by in excess of 13% year-on-year.

Premji Invest led the Series B investment round in which Giva Jewellery raised Rs 200 crore, the company disclosed on Wednesday. Premji Invest led the Series B investment round in

JM Financial aims to secure a final close of the fund, including co-investments, at around ₹1,500 crores. As a testament to its confidence, the group has invested 10% of the capital as a sponsor commitment into the fund. The fund will primarily provide lending for scenarios where traditional banks face limitations, such as domestic acquisitions or partner buyouts.

Rajeev Misra, a former executive at SoftBank, founded the new firm One Investment Management, which raised $7 billion in the first close and made its first step into the Indian

Asia’s Factory Activity experienced a slump in June, according to business surveys released on Monday. The outlook for the region’s exporters was clouded as demand in China and advanced nations remained sluggish, leading to a contraction in manufacturing activity in Japan and South Korea, while China saw marginal expansion. These surveys highlight the toll that China’s weaker-than-expected rebound from COVID-19 lockdowns is taking on Asia’s economy.

HDFC Bank DHFC merger: Following the merging of the HDFC twins, a large number of equity mutual funds will have more than 10% stock exposure in HDFC Bank shares.

Deepak Jasani, the Head of Retail Research at HDFC Securities, remarked, “U.S. stocks concluded Tuesday on a positive note, primarily driven by the stellar performance of mega tech stocks. The

The boss of the Adani Group recently made headlines for an alleged swindle. In a study, the American short-selling outfit Hindenburg Research said that Adani’s business had pulled off the

According to a CCI statement, the proposed combination comprises the acquirer Aditya Birla Fashion and Retail Limited (acquirer) acquiring 51% of the increased share capital of the target TCNS Clothing

During a personal hearing held on June 16, Tata Sons steadfastly asserted that the tax demand was baseless, arguing that no goods and services tax should be imposed on liquidated

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Omnivore, a venture capital firm that specialises in agritech, has announced the first closing of its third fund at $150 million (about Rs. 1,250 crore). The Omnivore Agritech & Climate