Reuters India

MUMBAI (Reuters) – Shares of India’s HDFC Bank hit an all-time high on Monday after it completed its merger with parent Housing Development Finance Corp (HDFC), entering the coveted list of the world’s top 10 banks by market capitalisation. HDFC Bank’s shares jumped 3.3% to a record high of 1,757.50 rupees, while HDFC’s shares rose …

India’s HDFC Bank at record high post HDFC-merger, among world’s top 10 banks by value Read More »

(Reuters) – Fantasy gaming company Dream11 will be the lead sponsor of India’s national cricket team for three years, the country’s cricket board announced on Saturday. The Dream11 logo will be seen on India’s jerseys starting from the test series against the West Indies this month, which will be the team’s first assignment in the …

Cricket-Dream11 to sponsor India team for three years Read More »

By Shivangi Acharya NEW DELHI (Reuters) – India’s goods and services tax (GST) collections rose nearly 12% year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday. The government collected 1.45 trillion rupees as GST in June 2022 and a record 1.87 trillion rupees in April 2023. It expects to …

India’s goods and services tax receipts rise 12% y/y in June Read More »

By Shivangi Acharya and Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers’ gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains. Daily sales of gasoil rose marginally by 0.4% to 7.12 …

India state retailers’ gasoil, gasoline sales flat in June m/m Read More »

(Reuters) -Embattled Indian edtech startup Byju’s and some of its lenders have restarted negotiations to restructure its $1.2 billion term loan, Bloomberg News reported on Friday, citing people familiar with the matter. The lenders have delivered a detailed amendment proposal to the company calling for a debt pay down, coupon boost and investor protections on …

Byju’s and lenders renew talks to restructure debt – Bloomberg News Read More »

By Siddhi Nayak -The boards of Housing Development Finance Corp and HDFC Bank on Friday approved July 1 as the effective date of the two financial behemoths’ $40 billion merger, the largest in India’s corporate history. Both the companies have set July 13 as the “record date” to swap HDFC’s shares with HDFC Bank’s stock …

HDFC to merge into HDFC Bank on July 1, create India’s financial behemoth Read More »