Financial Sector

Unusual to Witness Such Rapid Growth in a Major Economy: Walmart CEO on India

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“Given the many years we’ve been here and the consistent progress we’ve seen, we expect that growth in India will continue,” said Mr. McMillon.  Walmart CEO Reaffirms $10 Billion Annual Sourcing Goal from India, Praises Growth and Innovation Walmart Global President and CEO Doug McMillon on Tuesday (June 24, 2025) reaffirmed the company’s commitment to … Read more

HDB Financial Services Rolls Out ₹12,500 Crore IPO Amid Ongoing Regulatory Concerns

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HDB Financial Services is launching an Initial Public Offering (IPO) that includes a ₹2,500-crore fresh capital raise and a ₹10,000-crore offer for sale (OFS) by its parent, HDFC Bank. This move will reduce HDFC Bank’s stake in the company by 20%, bringing down promoter shareholding to 75%. With assets under management exceeding ₹1 lakh crore … Read more