Business News: The Reserve Bank of India (RBI) has granted HDFC Bank approval to acquire up to a 9.50% stake in AU Small Finance Bank (AU SFB) within one year of the approval letter’s date, failing which the approval will be void. According to AU...

ITC's Hotel Business Demerger: Implications for Index Funds and ETFs ITC’s decision to spin off its hotel business is expected to impact passive funds and exchange-traded funds (ETFs), mirroring the effects seen during the Reliance Industries-Jio Financial demerger. As a constituent of major indices like...