HDFC-HDFC Bank Merger Likely to be Effective July 1
The merger of HDFC Corp with the nation’s largest non-public lender HDFC Bank will seemingly take impact July 1, chairman of India’s mortgage-lending pioneer Deepak Parekh mentioned Tuesday. The mixed entity can have an asset base of round ₹18 lakh crore, or in extra of $200 billion.
Vested Interests Exploited Hindenburg Report to Manipulate Stocks: Adani
Gautam Adani mentioned the Hindenburg Research report on the Adani Group was a “combination of targeted misinformation and outdated, discredited allegations”. Vested pursuits used the report to control Adani Group shares, he mentioned within the annual report of flagship Adani Enterprises launched on Tuesday.
Source: economictimes.indiatimes.com