Finance

HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’

The merger between HDFC Bank and HDFC now makes the entity the world’s fourth largest bank. Nurphoto | Nurphoto | Getty Images The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and provide more opportunities for cross-selling, the non-executive director of HDFC Bank told CNBC. …

Finance

Stocks making the biggest moves midday: Tesla, Rivian, XPeng and more

People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged following Tesla’s better-than-expected second-quarter production and…

Finance

Stocks making the biggest moves in the premarket: Tesla, Apple, AstraZeneca and more

In this photo illustration, the Tesla, Inc. logo is displayed on a smartphone screen.  Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in premarket trading. Tesla — Tesla shares popped nearly 7% after the electric vehicle company posted second-quarter delivery and production numbers that topped Wall Street’s expectations. Deliveries rose…