Capital A Berhad CEO Tony Fernandes has agreed to a deal with Aetherium Acquisition, a special purpose acquisition company, and plans to list several businesses through it next year, the Financial Times reported, citing two people familiar with the deal.
Shares of HDFC Bank over 4 per cent after India’s top private lender said its completed merger with HDFC Ltd would affect some key financial ratios. The stock closed at Rs 1,536.90 on BSE.
Nestle, Asian Paints, Hindustan Unilever and Tech Mahindra were the gainers.
HDFC, the parent of HDFC Bank merged into the lender, driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity.
An inverted duty structure refers to a situation where taxes on input items are higher compared to the final product resulting in a drag in export competitiveness.
IndusInd Bank Q1 Results: IndusInd Bank on Tuesday reported a 30 per cent jump in its consolidated net profit in the April-June quarter at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions.
This decline in the value of oil and gas imports came despite a rise in import volumes, suggesting that the fall in prices was significant enough to offset the volume growth.
An inter-ministerial committee, which looks into MEP on onion, has recently decided on basmati rice.
President and CEO of Arista Networks, a computer networking firm; Jayshree Ullal, co-founder of IT consulting and outsourcing firm Synte; Neerja Sethi, co-founder and former chief technology officer (CTO) of cloud company Confluent; Neha Narkhede and PepsiCo’s former chair and CEO Indra Nooyi made it to Forbes list of ‘America’s Richest Self-Made Women’.
The venture is BlackRock’s second attempt at an entry into India’s asset management industry.