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India’s recent efforts in space exploration closely mirror the country’s diplomatic push as an ambitious power on the rise. That assertiveness on the world stage is a central campaign message for Mr. Modi, who is up for re-election for a third term early next year. “Thanks to our scientists, India has a very rich history in the space sector,” Mr. Modi said after Chandrayaan-3’s launch to the moon last month. Russia’s failed moon landing just days before India’s successful attempt was the latest indication of Moscow’s struggles as a space power. On the day India is attempting its moon landing, Mr. Modi is in South Africa for a meeting of the group of nations known as BRICS.
Persons: Narendra Modi’s, Modi, Mr, China —, Russia’s, India’s, Xi Jinping, Modi’s, Bharat Karnad, Karnad, , Organizations: China, Mr, Artemis Accords, Center for Policy Research Locations: New Delhi, India, United States, Soviet Union, Washington, Moscow, China, Beijing, South Africa, Russia, U.S
Both the companies have set July 13 as the "record date" to swap HDFC's shares with HDFC Bank's stock for its shareholders, HDFC and HDFC Bank said in separate exchange filings on Friday. With the share swap, HDFC Bank will become one of the world's top 10 banks in terms of market capitalisation, as per Refinitiv data. After the merger, HDFC Bank has no identified promoter. With the merger, HDFC Bank's total loan book will be over 22 trillion rupees, behind only that of State Bank of India (SBI.NS), the country’s largest lender. Both the entities have set July 12 as a record date for transfer of non-convertible debentures of HDFC in the name of HDFC Bank.
Persons: Sashidhar Jagdishan, HDFC's Keki Mistry, Siddhi Nayak, Jose Joseph, Shilpi Majumdar, Maju Samuel Organizations: Housing Development Finance Corp, HDFC Bank, HDFC, State Bank of India, Reuters, Siddhi, Thomson Locations: Renu, India, HDFC
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