Mumbai: With the market capitalisation of ICICI Bank crossing ₹8 lakh crore for the first time on Monday, the gap in market value between the two major private sector lenders, HDFC and ICICI, has nearly halved since July. Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was … Read more
In a landmark order, the Madras High Court directed the Reserve Bank of India (RBI) to conduct a fresh valuation exercise based on which the regulator should reconsider its decision to write off the tier-2 bonds of Lakshmi Vilas Bank (LVB), which was merged with DBS Bank India in 2020. The order has given LVB’s … Read more
Sen. Sherrod Brown has a well-deserved reputation as an economic progressive and staunch union ally, whose focus on the “dignity of work” has helped him hold his seat for three terms in the increasingly Republican state of Ohio. But Brown, who is up for reelection in a race that will be critical to Democrats retaining … Read more
Mumbai: Shares of TRF, a Tata Group enterprise, surged to their highest level in more than eight years after its plan to amalgamate with promoter Tata Steel was called off earlier this week. The stock, which rose 10% on Friday – the highest tradable limit of the day – to ₹432.50, has jumped close to … Read more
Mumbai: Shares of Zee Entertainment plunged 32.7% on Tuesday – the highest-ever single-day fall – on heightened pessimism around the termination of the merger deal with Sony and the likely subsequent legal and regulatory implications. Top brokerages downgraded their ratings and cut target prices on the stock as analysts believe that the share price will … Read more
Mumbai: Shares of Zee Entertainment Enterprises dropped 8% on Tuesday – the sharpest single-day fall in nearly three years – on reports that Sony Group may call off the proposed merger between the two, even though the company has denied it. “We wish to reiterate that the company is committed to the merger with Sony … Read more
