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Synergies Of Merger Make IDFC First Bank A Good Bet


IDFC First Bank

"IDFC Bank was looking to diversify its loan book from infrastructure. The bank was looking for a merger with a retail finance institution that had an adequate scale, strong financials and specialized skills. Meanwhile, Capital First was looking to attain the commercial banking licence in order to access a large pool of funds for growth and access to lower cost of funds."

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Eicher Motors Unit to purchase Volvo India bus business

Anthony Fernandes / Article rating: 4.4

Eicher Motors on Thursday said that it has signed definitive agreements for the integration of Volvo Buses India business into VE commercial vehicles (VECV), an Eicher Motors’ arm that covers Eicher's commercial vehicles, components, and engineering design businesses as well as the sales and distribution of Volvo trucks.