HDFC Bank CEO Sashidhar Jagdishan Expresses Funding Risk Concerns Post-Merger at AGM
The Annual General Meeting (AGM) of HDFC Bank witnessed CEO Sashidhar Jagdishan raising crucial concerns regarding funding risks that could emerge in the aftermath of the proposed merger. The apprehensions voiced by Jagdishan shed light on the complexities and challenges that often accompany large-scale corporate mergers, underscoring the importance of meticulous planning and risk mitigation […]
HDFC Bank Announces Q1 2023 Results and Plans IPO Stake Sale in NSDL After Mega Merger
HDFC Bank, a private lender in India, recently announced that it will release its financial results for the quarter ending June 30, 2023 on July 17. This is a departure from its usual practice of announcing results on Saturdays. The announcement comes shortly after the merger between HDFC and HDFC Bank, one of the largest […]
Web domains shouldn’t be forgotten
Deal makers around the world announced $5.1 trillion worth of M&A transactions over the last year. It was up by 34% when compared to 2020. The M&A market can expect another strong year in this 2022. This is because the businesses continue to recover and bounce back from the pandemic. High levels of M&A activity signal […]
There should be banking M&A – Deutsche Bank CFO
Deutsche Bank says that there should be consolidation in the European banking sector. Chief Financial Officer James von Moltke said that the task in hand is to prepare for that outcome. Von Moltke told a financial conference hosted by BofA Securities, that it should first complete a strategic overhaul before contemplating major deals. He also said that they […]
U.S blocks Chinese acquisitions of global tech firms
Chinese state-backed tabloid the Global Times called U.S. efforts to block cross-border acquisitions of tech companies a “red flag” that impedes China’s tech sector. And also, disrupts the growth of the global tech sector. People’s Daily, China’s official newspaper for the ruling Communist Party published an outlet, in which they had argued a recent attempt […]
Nubank acquisition of fintech firm Spin Pay
Brazil-based neobank Nubank announced its acquisition of fintech firm Spin Pay. The deal to acquire Spin Pay will help Nubank to expand its portfolio. It can boost its offerings. In a media report Nubank stated that this acquisition will allow them to offer even more payment solutions for electronic retail. Spin Pay is working in […]
Goldman Sachs to buy Dutch asset manager NNIP for around $2 BLN
Goldman Sachs said that it will buy Dutch insurer NN Group’s asset management arm for 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018. The deal is part of Solomon’s strategy to make the bank’s revenue stream less reliant on earnings from trading and […]
Tech M&A in Asia at record high, main deal driver in the region-industry data
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific. As the pandemic spurs a shift toward virtual activities in the economy, dealmakers expect this M&A pace to continue. This is shown by the dealogic data. In 2020, Tech M&A has totalled $136.2 billion. This is more than double the year-ago […]