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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Japanese lender is having trouble coming to an agreement with HDFC Bank over a 20% stake in its consumer lending unit, HDB Financial Services.
Negotiations between Japan’s Mitsubishi UFJ Financial Group and HDFC Bank for a minority stake in the latter’s consumer lending unit have reportedly hit a snag. This is because of disagreements between the two on how much of a say MUFG would have over the Indian lender’s strategy decisions, Bloomberg reported.
The report added that while MUFG remains keen on HDB Financial Services—HDFC’s non-banking financial lending subsidiary—the discussions may be prolonged or cease altogether. Insiders privy to the discussions told the publication that there was a possibility of MUFG offering HDBF more favourable terms to ensure that the deal goes …
A market dominated by speculative activity is enriching sophisticated traders at the expense of retail investors, distorting exchanges and brokerages, and putting household savings at risk.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
