Kotak-ING Vysya merger gets shareholders' approval

Private sector Kotak Mahindra Bank has secured its shareholders' approval for amalgamation of Bengaluru-based ING Vysya Bank with itself. In November, Kotak Mahindra Bank had announced the buyout......

Nine of top-10 firms lose Rs 84,354 cr in market valuation

TCS, HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI closed the week with losses. Illustration: Uttam Ghosh/Rediff.com Nine of the 10 most......

SBI mulls firm for private banking biz

State Bank of India (SBI) is considering setting up a separate company for its private banking initiative, as part of a plan to garner a larger share of business from the country's burgeoning......

Weak discretionary spend likely to weigh on IT cos' revenue in Q1

Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Illustration: Dominic Xavier/Rediff.com Top Indian IT services companies are likely......