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HDFC Bank Q1 profit reached Rs 19,060cr. Why has it sent two CEO names to the RBI?
HDFC Bank has submitted two candidates for managing director and CEO to the Reserve Bank of India as Sashidhar Jagdishan prepares to retire on October 26, putting one of Indian banking’s most consequential succession decisions into the regulator’s hands.
Northwind backs 239-unit 141 Willoughby office-to-residential conversion with $208m
Northwind Group has provided a $208 million first-mortgage construction loan to convert much of 141 Willoughby Street into 239 apartments, turning a recently completed but vacant office tower into a test of New York’s mixed-use conversion economics.
McClatchy consumer revenue fell 41%. Why are more than 90 journalists being cut?
McClatchy has eliminated more than 90 unionised journalism and media jobs across 17 US publications after management said consumer revenue had fallen 41% while local-news spending remained broadly unchanged.
T. Rowe Price (NASDAQ: TROW) reports $1.9tn AUM after another outflow month
T. Rowe Price ended August with $1.897 trillion of AUM, up $30 billion in a month despite $7.9 billion of client outflows, highlighting how market appreciation can mask continuing pressure on organic asset gathering.
Huntington Ingalls Industries (NYSE: HII) wins $336m CVN 82 materials contract
Huntington Ingalls Industries has secured a $336 million U.S. Navy award for long-lead propulsion materials for CVN 82, offering an early signal of future carrier construction demand across the Newport News Shipbuilding supply chain.
IG Group revenue grew 18%. Why is it planning significant layoffs before a $1.3bn US expansion?
IG Group is planning a significant workforce reduction as it simplifies its international operating model and prepares to acquire US prediction-markets platform Underdog for up to $1.3 billion.
Bitcoin Suisse holds CHF3bn in crypto assets. Why could half its Swiss workforce now go?
Bitcoin Suisse is proposing to cut as many as 60 of its 120 Swiss employees while closing its Copenhagen development site and moving software and back-office work toward international hubs in Bratislava and Vietnam.
Swarmer (NASDAQ: SWMR) agrees up to $224m Ratel Robotics acquisition
Swarmer is acquiring Ukrainian unmanned-ground-vehicle manufacturer Ratel Robotics for up to $224 million, combining autonomous drone software with battlefield-tested ground systems.
Robinhood (NASDAQ: HOOD) platform assets reach $384bn as equity trading jumps 68%
Robinhood ended August with $383.7 billion of platform assets as equity trading, margin balances and event contracts expanded sharply, while crypto activity remained below last year.
Hooker Furnishings rebuilds cash to $18.7m as Margaritaville expansion supports turnaround
Hooker Furnishings returned to profit as cash jumped to $18.7 million and backlog strengthened despite an 8.7% sales decline.