Get latest articles and stories on World at LatestLY. India is the best country with a lot of potential for growth, and the government should work on further improving the ease of doing business, according to Hinduja Group Chairman Gopichand P Hinduja. World News | India Has Lot of Potentiality for Growth; Govt Needs to Further Improve Ease of Doing Biz: GP Hinduja.
Hinduja group-owned IndusInd International Holdings IIHL, the promoter of IndusInd Bank, on Monday announced a USD 1.5-billion capital raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender.The board of the Mauritius-registered IIHL also decided to increase its holding in the fourth-largest private sector lender to 26 per cent from the present 15 per cent, a statement issued from Port Louis said.
A statement from Mauritius-based IIHL said its board took the strategic decision to expand its business horizon in India and other global geographies in BFSI
IDFC First Bank Ltd and IDFC Limited have received board approvals for the proposed merger. This comes days after HDFC merged with HDFC Bank in a $40-billion deal, the largest in India's corporate history.