Headline-grabbing: HDFC-HDFC Bank mega merger, India’s export boom explained

Sashidhar Jagdishan on what the deal with HDFC means for HDFC Bank

The country’s largest housing finance company and largest private sector bank announced on Monday that their boards had approved an all-share merger of HDFC Ltd into HDFC Bank, subject to regulatory approvals. Currently, HDFC is the parent company of the bank. Sashidhar Jagdishan, Managing Director and CEO of HDFC Bank, recounts Trade standard what the agreement with HDFC means for the bank and the opportunities it offers. Read more

LIC IPO: Govt may increase allotment size to align offering with Sebi rules

The Center may increase the allocation of its shares under the initial public offering (IPO) of Life Insurance Corporation of India (LIC), in order to align the offer with the listing guidelines of the Securities and Exchange Board of India (Sebi). The market regulator has approved the insurer’s updated Draft Redemption Prospectus (DRHP), paving the way for the Center to file the Redemption Prospectus (RHP) for the world’s largest IPO. India. Read more

The $400 billion story: India’s export boom mirrors the neighborhood’s rise

The growing number of exports from India is similar to a trend seen in other neighboring countries. Vietnam, Indonesia, South Korea and Japan all have export figures close to or at their highest for at least a decade; presents an analysis of World Trade Organization data. International numbers appear with an offset. Figures through January were taken as a common threshold for analysis. Read more

Recovery Tracking: Retail and Leisure Visits Increase, Shows Data

More and more people have gone out for shopping and leisure visits even as the number of daily Covid-19 cases has fallen below the triple digit mark. Visits to retail and leisure were 8.9% higher than before the pandemic hit, mobility data from search engine Google shows. It tracks people’s movements using anonymized location data. This helps to understand mobility trends between countries during the pandemic. Workplace visits have also increased. Read more

Explained: Why Bharat Petroleum Corp’s divestment is on the slow lane

Due diligence delays, policy opacity and now the Ukraine crisis have stalled the process. The government said BPCL’s due diligence was not yet complete. This step is critical as Transaction Advisors can invite financial bids through Request for Proposal (RFP) documents from qualified shortlisted bidders only after due diligence is complete. Read more

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