In a staggering turn of events, HDFC Bank is set to secure its position as the fourth most valuable bank in the world, propelled by its merger with mortgage lender HDFC. This union will also propel the bank to become the second-largest company in India. 

The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement for the provision of $3 billion in bailout funds under a Stand-By Arrangement (SBA). This agreement comes as an alternative to Pakistan’s Extended Fund Facility (EFF) program, which was initiated in 2019 and is set to expire soon. The IMF board is set to convene in mid-July to approve the staff-level agreement. Here are key facts about the agreement, outlining the challenging reforms, additional funding, and the importance of staying the course.

In the latter part of 2023, hedge funds are meticulously observing the repercussions of inflation, aggressive interest rate increases, and the ongoing decarbonization process on the global economy. Notably, major

The Office for National Statistics (ONS) has reported that Britain’s economy grew by 0.1% in the first quarter of this year, remaining unchanged from the initial estimate published last month.

Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing Artificial Intelligence for marketing, customer service, or business operations.

Chinese telecom giant ZTE, which reportedly received government approval, has been granted the opportunity to supply Vodafone Idea (Vi) with optical transmission equipment worth over Rs 200 crore for an extensive network upgrade project.

Astonishingly, lenders could potentially recover an impressive sum of over ₹10,000 crores, accounting for approximately 40% of verified claims, under the proposal presented by none other than IndusInd International Holdings Ltd (IIHL) of Hinduja Group.

According to four persons with knowledge of the conversations, Linda Yaccarino, 60, has spoken with several of Twitter’s advertisers about objectionable content on the website. She hasn’t, however, gone out and actively haggled with advertisers to raise Twitter’s earnings.

Upgrad has already made ten acquisitions, including Wolves India and Rekrut India, within the span of two years (2020-2022). The company raised $36.4 million through a rights issue in March 2023 from investors like Temasek and Screwvala. In June 2022, Upgrad secured $225 million in a new funding round, valuing the company at $2.25 billion. 

Federal antitrust officials have filed a lawsuit to stop the $69 billion deal, which they claim will hurt Microsoft’s competition with rivals in the game sector like Sony and Nintendo.

A federal judge must now determine whether to block Microsoft from consummating its acquisition of the video game company Activision Blizzard, which could be the most expensive merger in the history of the technology sector.

In a recent announcement, the Financial Reporting Council (FRC), Britain’s accounting watchdog, revealed that it had fined two of the world’s leading auditors, PwC and KPMG, for serious lapses in their auditing of Eddie Stobart Logistics (ESL) company during the years 2017 and 2018.

Ajay Banga, 63, is expected to usher in transformative policies at the World Bank to battle poverty and address climate change, opening up chances for people all across the world,