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RBI gives green signal to HDFC, HDFC Bank merger proposal

RBI gives green signal to HDFC, HDFC Bank merger proposal

by AIP Online Bureau | Jul 4, 2022 | Banking & Bancassurance, Indian News

Touted as the biggest transaction in India’s corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan Mumbai: HDFC Bank on Monday said it has...
Finance ministry asks CPSEs, govt depts to exempt PSU gen insurers from 1.5 solvency requirement in official tenders

Finance ministry asks CPSEs, govt depts to exempt PSU gen insurers from 1.5 solvency requirement in official tenders

by AIP Online Bureau | Jul 4, 2022 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

The Government has recently infused capital in these three general insurers and stands committed to provide more capital, as may be required, said an “office memorandum” signed by Mandakini Balodhi , director(Insurance), MoF. High solvency ratio makes...
Maruti Suzuki to phase out pure petrol-powered cars in 10 years

Maruti Suzuki to phase out pure petrol-powered cars in 10 years

by AIP Online Bureau | Jul 4, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Technology

The move comes as Maruti, India’s biggest car manufacturer, looks to update its product offerings in line with green targets set by the Indian government, the report said BENGALURU: Automaker Maruti Suzuki India will phase out vehicles that run completely on...
German road traffic agency asks Tesla to recall 59,000 units globally

German road traffic agency asks Tesla to recall 59,000 units globally

by AIP Online Bureau | Jul 4, 2022 | International News, Risk Management, Technology

The U.S. National Highway Traffic Safety Administration (NHTSA) early in June upgraded its probe into 830,000 Tesla vehicles with the advanced driver assistance system Autopilot, a required step before it could seek a recall Germany’s road traffic agency said it...

HDFC and HDFC Bank merger proposal gets nod from bourses

by AIP Online Bureau | Jul 3, 2022 | Banking & Bancassurance, Indian News, Regulation

”The scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Reserve Bank of India, Competition Commission of India, the National Company Law Tribunal and the respective shareholders and creditors of the...
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