Tag Archives: possible

Cheaper loans not possible without deposit rate cut: HDFC Bank CEO Aditya Puri

In the last quarter, many banks had increased deposit rates fearing that there will be a liquidity crunch in the system, due to which their MCLR has also become higher. File Photo New Delhi: The Reserve Bank of India slashed repo rate, the rate at which the central bank lends money to banks, by 25 basis point earlier this month ... Read More »

Kraft Heinz approaches consumer goods giant Unilever about possible merger

US food giant Kraft Heinz has approached Unilever about a merger that would represent one of the biggest tie-ups in corporate history, but the Anglo-Dutch company declined a deal. “Kraft Heinz confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and ... Read More »

AstraZeneca slips on talk of possible £7bn bid for US cancer specialist

AstraZeneca has slipped back following weekend reports it was considering a £7bn bid for San Francisco cancer treatment specialist Medivation. The US company has already rejected an approach from France’s Sanofi, and is said to have hired advisers to help fend off any hostile move. Analysts believe there is likely to be interest from other pharmaceutical businesses, withAstraZeneca just one ... Read More »

India signals possible deficit revisions in upcoming budget

India should review its mid-term fiscal strategy, a government report urged on Friday, in a possible indication that Finance Minister Arun Jaitley may have to borrow more to raise pay for government employees and bail out banks. The report called India “a haven of stability” in a gloomy international landscape but, as Group of 20 finance ministers gathered for talks ... Read More »