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India all set for $168 billion finance Giant as HDFC merger gets closer

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Posted in Chennai, Chennai Real Estate, India, NRI, OCI, Real Estate On

The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.Announcement of the so called ‘record date’ — or the cut-off day set for investors — for the…

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India’s GDP grows 7.2% in FY23, 6.1% in March quarter

India’s GDP grows 7.2% in FY23, 6.1% in March quarter

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Posted in Property Management On

Gross Value Added in the economy is reckoned to have risen 7% in 2022-23, compared to 8.8% in 2021-22, with manufacturing GVA growth sliding to 1.3% from 11.1% a year ago. India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from 7% estimated…

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RBI to withdraw Rs 2,000 notes from circulation.

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Posted in India On

The Reserve Bank of India (RBI), on May 19, decided to withdraw ₹2,000 note from circulation. However, the banknotes in ₹2,000 denomination will continue to be a legal tender. The RBI added that members of the public may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch….

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