HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation
by Business Standard
Business Standard— Following an impressive Q4FY24 performance, HDFC Bank announced an ex-gratia payment of around Rs 1,500 crore to its staff. The bank’s decision came as a gesture of appreciation for the employees’ dedication during the merger with HDFC Ltd as well as address attrition, said Sashidhar Jagdishan, the managing director & chief executive of the largest private sector lender.The lender, which announced its January-March earnings on Saturday, reported a 37.1 per cent growth in net profit, boosted by a...
ETtech.com—Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore. Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the round injecting Rs 500 crore, while hedge fund Aregence, along with family offices, also committed capital, the company said in a filing with the stock exchanges Thursday.Ugro’s founder, board members and management collectively...
C21media—Hungary’s TV2 and 1+1 in Ukraine take Magnum Media’s The 1% Club. Broadcasters TV2 in Hungary and 1+1 in Ukraine have picked up Magnum Media in the UK’s entertainment format The 1% Club. Both local versions will go into production this summer and premiere later thi
TVLine—Inside 9-1-1′s Wildest Wedding Surprises, From [Spoiler]’s Shocking Return to Buck’s Accidental Outing. Kenneth Choi breaks down Maddie and Chimney's wedding on '9-1-1.' Here's his take on Season 7 Episode 6.