Top headlines: Physics Wallah becomes unicorn; I-T portal develops snag
HDFC-HDFC Bank merger: Parekh expects fair, judicious regulatory response
Deepak Parekh, chairman of HDFC Ltd, India’s largest mortgage financier, on Tuesday said he expected the regulator’s view on HDFC’s proposed merger with HDFC Bank to be fair and judicious, asking the stakeholders to be patient.
In his note to shareholders in the annual report, the HDFC patriarch said after 45 glorious years of providing homes to millions of customers, the time was right for HDFC to find a new home. Read more
I-T portal develops snag on first anniversary, Infy directed to fix issue
The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.
The portal, which was billed to make it easier for taxpayers to file returns and claim refunds, had for several weeks witnessed technical glitches after its launch on June 7, 2021, and the snags resurfacing again prompted some to wonder if it has been hacked on the anniversary.
