/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The move was long-awaited yet came as a surprise to the industry, driven in large part by a changing of the guard.
This morning, India’s financial system was jolted with the announcement of a mega merger. HDFC Bank, the largest private bank, would be taking over its parent company, Housing Development Finance Corp. Ltd, the largest housing finance company in the country.
The duo announced a merger worth $40 billion, or around Rs 3 lakh crore—probably the biggest in Indian history—in which the parent company would cease to exist.
The prospective merger of the two was one of the mostly loosely kept secrets of corporate India; the companies had notably discussed a merger six years earlier as well, and every now and …
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
