Mumbai, June 27 (PTI) The reverse merger between HDFC ,a significant player in the Home Finance industry ,and HDFC Bank ,a Banking affiliate ,is Anticipated to be finished by June 30 ,& the Merger would go into Effect on July 1 ,the Corporation Said late Tuesday night. “Almost all of the Necessary approvals have been

The Enforcement Directorate (ED), a specialized financial investigation agency in India, has recently issued a show cause notice to top officials of Xiaomi India and three banks for their alleged violation of the Foreign Exchange Management Act (FEMA) amounting to ₹5,551 cr. This notice has raised significant concerns in the business and technology sectors as

Sources have indicated that the Gross Domestic Product (GDP) estimate for the fiscal year 2023, which will be announced during the Budget Session starting at 11 am, is expected to be in the range of 6 to 6.8%. Prior to Finance Minister Nirmala Sitharaman presenting the Economic Survey, the President of India, Droupadi Murmu, will

India’s government has finalised a report that was submitted to the Financial Stability and Development Council (FSDC), so there should be clarity regarding the legality for cryptocurrencies in that country very soon. In the next Budget 2023–24, it is unlikely that the Center would declare its choice regarding the legitimacy of virtual digital assets. But

On Monday, food delivery service Zomato denied media claims that Instant, its 10-minute meal delivery service, was being shut down. It was rumoured that Zomato is shuttering its 10-minute meal delivery service, “Zomato Instant,” less than a year after it launched in an effort to become profitable in the face of difficult market conditions. “Instant