Punjab National Bank (PNB) and MetLife India, an affiliate of MetLife Inc., announced Friday that PNB will be inducted as a joint venture partner in the company. The Board of PNB, in its meeting held on 28th July, accepted the offer made by MetLife India for acquiring 30% stake in the company.
The transaction is subject

Citigroup Inc. Monday announced that it has reduced its 11.4 percent stake in Housing Development Finance Corporation Ltd. (HDFC) by 1.5 percent to a 9.9-percent beneficial interest. Headquartered in Mumbai, HDFC is an Indian non-bank financial company that is a leader in housing finance and mortgages with $37 billion of total assets as of March

Banco Bilbao Vizcaya Argentaria (BBVA) and Bank of Baroda (BoB) have today signed a Memorandum of Understanding (MOU) to form a joint venture in credit card business. Upon regulatory approval, BBVA will acquire a 51% stake in the existing credit card unit of Bank of Baroda, BOBCARDS, by investing a total amount of 34 million

Capgemini has announced the acquisition of Thesys Technologies in a bid to expand its global delivery capabilities for the Temenos-enabled core banking front-to-back solutions and product offerings, such as retail, corporate, universal, private wealth management, Islamic banking and microfinance to financial institutions.
The move as well bolsters Capgemini’s position as a leading core banking and wealth

QInvest has acquired a stake in India’s Asian Business Exhibition and Conferences. The Qatar’s investment bank said it had bought the stake successfully in ABECL, India’s foremost exhibitions and conferences organizer. ABECL’s boasts a portfolio inclusive of 15 exhibitions made up of 65 events that span nine industry verticals.
That includes the renowned, world class events

The State Bank of India Thursday said it had purchased a stake in A Little World Pvt Ltd. State Bank of India, India’s largest bank, bought a 20 per cent stake in A Little World Pvt Ltd, the technology services provider at an investment of Rs 80 Crore. The investment subsequently values A Little World

The Indian unit of European investment bank, NM Rothschild and Sons, reported that it plans to shift its focus to mergers and acquisitions in the country. The firm, NM Rothschild and Sons India Pvt Ltd, said that it will bias its operations on advising companies on equity raising, debt and restructuring of companies in addition