Postman, an application programming interface (API) management platform for enterprises, said it has acquired Orbit, a tool developer companies use to grow communities across forums, chat platforms and social channels...
RBI approves AU Small Finance Bank acquisition of Fincare Small Finance Bank with effect from April 1
The Reserve Bank of India on Monday gave its go-ahead to the first ever merger between two small finance banks. As per the agreement between the two, shareholders of Fincare Small Finance Bank will receive 579 equity...
RBI approves HDFC Bank’s 90% stake sale in HDFC Credila to ChrysCapital and BPEA EQT
HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth...
Unitop shareholders drag Rossari Bio to arbitration
The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the...
RBI grants nod to HDFC Bank entities to acquire up to 9.5% stake in Yes Bank, IndusInd Bank and four other
The RBI has granted HDFC Bank’s entities approval to acquire aggregate holding of up to 9.5 per cent in six banks including Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank and IndusInd...
LIC gets RBI approval to acquire 9.99% holding in HDFC Bank
The Reserve Bank of India on Thursday approved state-run insurer Life Insurance Corporation of India’s (LIC) application to acquire a 9.99% aggregate holding of paid-up share capital in HDFC Bank. “Pursuant...
RBI approves IDFC-IDFC First Bank merger
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank. The boards of IDFC First Bank and IDFC have approved the reverse merger in July. “…...
Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore
Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹537 crore, the company said in its filing on Friday. The bank had announced to acquire 100% stake of the Non...
HDFC AMC gets RBI approval to acquire up to 9.5% stake in Karur Vysya Bank, DCB Bank
The Reserve Bank of India (RBI) has approved HDFC AMC to acquire up to 9.5% of Karur Vysya Bank’s share capital or voting rights, subject to conditions. “Pursuant to Regulation 30 of SEBI (Listing Obligations and...
RBI rejects Cred bid to boost stake in Newtap Fin
Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar...
ICICI Bank gets RBI’s nod to raise stake in ICICI Lombard
The Reserve Bank of India (RBI) has given approval to the ICICI Bank for raising stake in one of its subsidiaries ICICI Lombard General Insurance Company Limited. The central bank of India has granted ICICI Bank to...
Volkswagen subsidiary MAN Energy Solutions sells gas turbine business to China’s CHGT
Volkswagen subsidiary MAN Energy Solutions said it signed an agreement to sell its gas turbine business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT), as the company phases out its fossil fuel business...