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Gold rate : Yellow metal holds steady; silver tops Rs 58,500

NEW DELHI: Gold prices held steady on Friday weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. Data on Thursday showed US producer prices unexpectedly fell in July.

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Warburg to unlock $250-300 million by diluting its stake in Avanse

Three years after acquiring Avanse Financial Services, the education financing arm of Wadhawan Global Capital and its group company Dewan (DHFL), private equity fund Warburg Pincus plans to unlock value by selling 25-30% stake to potential investors and raise ₹1,950 -₹2,500 crore, sources said . Warburg owns about 80%

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HDFC gets NHB nod for proposed merger with subsidiary bank

Mortgage major has received approval from the National Housing Bank (NHB) for its merger with subsidiary , a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries -- HDFC Investments and HDFC Holdings Limited -- of the housing finance company with

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HDFC files application with NCLT for merger of HDFC Investments, HDFC Holdings with HDFC Bank

Ltd on Saturday said an application has been filed with the National Company Law Tribunal (NCLT) for merger of HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank. This is part of the proposed merger of , the country's largest private sector bank by balance sheet, with

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