India’s HDFC Bank completes $40 billion takeover of the country’s largest mortgage lender. Here’s what it means

[ad_1] A HDFC Bank branch in Mumbai, India, on Friday, April 14, 2023. Bloomberg | Bloomberg | Getty Images India’s largest private lender HDFC Bank has completed its merger with Housing Development Finance Corporation, the country’s biggest mortgage lender, in a deal that pits the new entity against the world’s largest banks. The merger took … Read more

‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination

[ad_1] Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images The U.K. may be a great place to build a tech company — but … Read more

L’Oreal buys luxury brand Aesop from Brazil’s Natura for $2.5 billion

[ad_1] Aesop products sit on display for sale at their store on Abbott Kinney Blvd. in Venice, California on Oct. 14, 2013. Katie Falkenberg | Los Angeles Times | Getty Images French cosmetics group L’Oreal struck a deal with Brazil’s Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 … Read more