HDFC Bank becomes world’s 7th largest lender post merger
The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.
IRDAI asks insurers to speed up settlement of flood claims
Himachal Pradesh is the worst affected by cloudbursts and floods over the past few days. The Indian Meteorological Department (IMD) has issued fresh warnings of heavy rainfall expected until July 18, further exacerbating the situation. According to data released by the Department of Revenue in the Himachal Pradesh government, the estimated cost of the damage […]
NSE to conduct special pre-open session in RIL shares on July 20
Reliance has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger, shareholders of Reliance will get one share of the demerged entity Reliance Strategic Investments for every one share held by them in the conglomerate.
Flair Writing files IPO papers to raise Rs 745 crore
Flair Writing is a leading player in the pens segment, with a revenue of ₹754 crore in FY23 from the pens writing instruments segment in India. The company proposes to utilise the net proceeds of the fresh issue towards setting up a new manufacturing facility for writing instruments funding capital expenditure, working capital requirements and […]
India’s fight against inflation is far from over: RBI report
India’s battle against inflation isn’t over yet, according to a report by the Reserve Bank of India. An uptick in food prices during June, led by tomatoes, was attributed to the onset of the monsoon season and corroborates the monetary policy committee’s decision not to abandon inflation fighting measures. India needs to focus on supply […]