Highlights

  • HDFC twins to merge
  • Nifty back at 18,000
  • Tata set to launch super app

Latest news

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Business News Live: Top 5 market headlines on April 4

Mega Monday Merger: HDFC twins to become one, bulls rejoice

The latest news on April 4 from the world of business, crypto, markets. From a mega merger to a super app, From soaring markets to burning fuel prices here are the details:

Merger Monday

HDFC to merge into HDFC Bank, stocks see biggest intraday gain since 2009. Merged entity likely to be third biggest company on Dalal Street as India’s top housing financier merges with India's largest private bank. Merger ration set at 42:25 for HDFC shareholders.

Also read/watch | HDFC, HDFC Bank merger: What this mega move means for shareholders, customers

Nifty @ 18,000

Bank Nifty surges with HDFC twins takes Nifty back to 18,000 for the first time since Jan 2022 & Sensex reclaims 60,000. Barring realty, all indices traded firm, with bank and financial services leading.

Fuel Price Hikes

12th hike in under a month for petrol, diesel prices as the gauge went up again by 40 paise across the country. The total hike now amounts of Rs 8.4/litre. CNG prices also hiked sharply by Rs 2.5 per unit in Delhi.

Also read/watch | Petrol & diesel price: 12th hike on Monday; latest rates in Delhi, Mumbai

Crypto Corner

US market regulator, the Securities and Exchange Commission (SEC) – urged local companies that provide crypto services to disclose the associated risks with such operations to clients. The agency warned investors to be utterly cautious when delving into the asset class as they could experience a financial loss.

'Neu' Pitch From Tata Group

Salt-to-software conglomerate Tata Group is planning to launch is much-awaited super-app on 7 April. The House of Tata has been advertising the app on the IPL pitch ahead of it's launch. The company has already made the app available on the Play Store for android users, but it will be operational on April 7

Also read/watch | Sri Lanka crisis: Why dynasty politics and Rajpaksas are being blamed

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