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Companies Report

IDFC Bank plans to double retail book

IDFC Bank, which concluded its first full year of operations in FY17, said its vision was to become a mass retail bank in 5 years. To support this growth, the bank plans to accelerate retail lending and retail liability acquisition.


Reliance Industries seeks shareholders’ nod to raise Rs25,000 crore via debt

Reliance Industries Ltd (RIL) has sought shareholders’ approval to raise as much as Rs25,000 crore through debt to meet capital expenditure, the firm said in a stock exchange notice.


HDFC Life, Max prepare new structure for merger

HDFC Life Insurance Co. Ltd and Max Life Insurance Co. Ltd have carved out a new structure for their proposed merger after the Insurance Regulatory and Development Authority of India (Irda) rejected the original three-step union, said two people with knowledge of the discussions.


Erin Green, Infosys’s former head of immigration in US, files lawsuit against firm

The former head of immigration of Infosys Ltd in the US has filed a lawsuit against India’s second largest software services company, alleging employee discrimination and retaliation by senior management, and sought damages from the Bengaluru-based company.


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