HDFC-HDFC Bank Merger Likely to be Effective July 1
The merger of HDFC Corp with the country’s largest private lender HDFC Bank will likely take effect July 1, chairman of India’s mortgage-lending pioneer Deepak Parekh said Tuesday. The combined entity will have an asset base of around ₹18 lakh crore, or in excess of $200 billion.
Vested Interests Exploited Hindenburg Report to Manipulate Stocks: Adani
Gautam Adani said the Hindenburg Research report on the Adani Group was a “combination of targeted misinformation and outdated, discredited allegations”. Vested interests used the report to manipulate Adani Group stocks, he said in the annual report of flagship Adani Enterprises released on Tuesday.
