Kotak Mahindra Bank is poised to acquire Deutsche Bank’s India retail business for approximately Rs 4,500 crore, becoming the preferred buyer. The deal, expected next week, includes a retail loan and deposit book of Rs 27,000 crore, strengthening Kotak’s franchise…
Read More
Markets witnessed a volatile session on Friday and ended marginally higher, taking a breather after the previous session’s steep decline. Analysts maintain a cautious stance given the prevailing negative sentiment and recommend preferring hedged positions over naked trades until greater…
Read More
Iran on Monday faces a deadline by President Donald Trump to open up the crucial Strait of Hormuz or face a major US assault on power plants, as Israel warned of weeks more of war. “If the United States’ threats…
Read More
State-run oil companies are considering supplying only 10 kg of LPG in 14.2-kg cylinders to households to conserve dwindling stocks amid the Iran war. This move aims to stretch limited supplies, with prices cut proportionately, as imports shrink and domestic…
Read More
HDFC Bank will convene board meetings to review past decisions following Atanu Chakraborty’s resignation as chairman citing “values and ethics”, MD & CEO Sashidhar Jagdishan told in an interview. The bank will fix gaps, tighten controls and act “ruthlessly” against…
Read More
These property buyers had either swiped international credit cards (ICCs) on visits to the Emirates to pay the initial deposit or had clicked on payment links sent by UAE developers-probably, oblivious that they were trampling on Indian laws.
Read More