ReutersEurope's largest bank posted a pretax profit of $12.9 billion for the first quarter ended March, versus $4.2 billion a year earlier.
The results were better than the $8.64 billion average estimate of 17 analysts compiled by HSBC.
The London-headquartered bank announced the first of a new cycle of buybacks along with the results of up to $2 billion
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- Care Hospitals Buyout: Max Healthcare Sues TPG
The takeover battle for Care Hospitals has landed up in the Bombay High Court with Max Healthcare Institute filing a suit against private equity firm TPG after the Care owner spurned Max’s bid in favour of an offer by Blackstone, the world’s largest PE fund, that was about 15-20% higher, said people with knowledge of the matter.
GST Collections Hit Monthly High of ₹1.87 L cr in AprilIndia’s goods and services tax (GST) collections in April rose 12% from the year earlier to an all-time monthly high of ₹1.87 lakh crore, kicking off the new financial year on a buoyant note.
Brookfield Picks up 51% in Realty JV with BhartiCanada’s Brookfield Asset Management has acquired a 51% controlling stake in Rostrum Realty Pvt Ltd, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises will hold the remaining 49%.
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