HDFC Bank-HDFC merger to aid credit growth

19 Jul 2022 CW Team

The merger of HDFC and HDFC Bank would result in a huge balance sheet capable of sustaining significant exposures and resulting in better credit growth for the Indian economy, Atanu Chakraborty, Chairman, HDFC Bank has reportedly said. He also stated that the robust distribution network will help the housing financing industry thrive. A larger and more solid balance sheet created by the merger would also allow to increase exposures and encourage stronger credit growth in the economy. The shareholders have discussed the reasons and benefits of the merger on multiple times.

Housing finance will be a big development opportunity and one of India's primary drivers of GDP over the coming decade. There is significant benefit in exploiting this opportunity, given the cheaper cost of capital and the robust distribution network that HDFC has reportedly created. He also stated that the bank has submitted the requisite merger applications to different authorities, and that the Board is closely monitoring the merger process for approval of various components of the merger, as required by the legal procedure.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..