HDFC Bank received RBI approval to sell 90% stake in HDFC Credila, boosting Q4 income. The sale was approved by RBI and CCI. Details of credit rating report, stake divestment, and fresh equity infusion were mentioned. Availability of balance amount not specified. On July 1, last year, HDFC Ltd, the parent housing finance company, was amalgamated with HDFC Bank. Thus, the entire investment was transferred from the parent to the bank.
Tata Consumer Q2 Results: Cons PAT jumps 8% YoY to Rs 364 crore, beats estimates
Tata Consumer Q2 Results: The profit after tax was above ET Now poll estimates of Rs 314 crore. The company reported quarterly revenue of Rs