1) Road to the big problem
On April 4, 2022, one of the biggest news stories for the Indian banking industry broke. Housing Development Finance Corporation Limited (HDFC) and HDFC Bank have decided to merge their businesses. Experts believe this gives the bank the power to become an aggressive lender and lead the country’s financial activities. Like all great success stories, the HDFC giant’s journey has also been filled with publicly criticized ups and downs. Read all about the origins of the Parekh family of HDFC in this interesting story.
2) Beyond the Field of Dreams
Since the day the Indian Premier League started, Royal Challengers Bangalore haven’t won a single season. And that hasn’t dampened the spirits of RCB fans who can’t help but cheer on their team. Putting them in the spotlight, the cricket franchise, owned by Diageo India, is now embarking on an ambitious plan to broaden the fan experience. The new roadmap includes clothing, metaverse, food and drink, and a fitness app. By playing bold, RCB is now digging deeper into the lives of fans. For more
3) Talent War
India’s leading IT services companies are entering a new earnings season starting next week. Tata Consultancy Services, the largest of these, is expected to come first with its fiscal fourth quarter and full year results on April 11. Second-ranked Infosys will release its numbers on April 13. Experts estimate that companies will register the highest growth in more than a decade. The Indian IT sector is expected to continue to benefit from the world’s transition to the cloud and the adoption of digital transformation projects. This has the potential to trigger an intense talent war to satisfy the surge in demand for technology services. For more
1) The answer to ‘why now’
HDFC and HDFC Bank took seven years to consider the merger decision. HDFC’s Board of Directors has approved the merger, which would include its wholly owned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank. HDFC will own 41% of HDFC Bank. HDFC shareholders will receive 42 HDFC Bank shares for every 25 Non-Banking Finance Company (NBFC) shares they own. There is more to the story. Experts are looking into the science behind this mega merger. For more
2) Piyush Goyal at the Forbes India Leadership Awards 2022
Piyush Goyal, India’s Minister of Trade and Industry, Consumer Affairs, Food, Public Distribution and Textiles, was the chief guest of the recently concluded Forbes India Leadership Awards 2022. While encouraging company management to contribute, he also highlighted India’s record-breaking period of merchandise exports. “Crossing the $400 billion export mark is Sabka Prayas’ endorsement,” he said. At the event, he also set a goal for the country’s manufacturing and services sector to record a record $1 trillion in exports in ten years. For more
3) How do you consume plastic?
When the world became aware of the pollution caused by the careless use of plastics, no one thought they would ever be part of what we eat, drink and even breathe. Bottled water contains 94.37 microplastics per litre, and for air the amount is 9.80/m³. Do you know how many microplastics our daily consumables contain? This “news in figures” examines the extent of plastic pollution in our daily lives. For more
4) This time of year
Forbes has unveiled its annual list of global billionaires for the year 2022. Elon Musk has now become the richest person in the world with a net worth of $219 billion, breaking a long streak from Amazon’s Jeff Bezos. There are fewer billionaires in the world today and this is also reflected in their accumulated wealth. India’s richest include the usual suspects in the top five. Nykaa’s Falguni Nayar became the rich list debutant this year. Check out more takeaways from this year’s list. For more
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