HDFC

In a strategic move aimed at accelerating access to affordable housing in India, the International Finance Corporation (IFC), a member of the World Bank Group, has committed a substantial investment in HDFC Capital Affordable Real Estate Fund-3 (H-CARE 3). This initiative seeks to enhance the supply of affordable and mid-income housing across urban India.

In a significant move to strengthen India’s innovation and entrepreneurship landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with global healthcare leader Roche and financial services major HDFC. The collaboration is tailored to offer holistic support to startups operating in sectors like healthtech, life sciences, and financial technology. With a focus on mentoring, funding access, and market readiness, this initiative aligns with the government's broader vision of transforming India into a global innovation hub.

Global and domestic institutional investors made significant equity moves in Indian markets on Friday, spotlighting a trend of strategic accumulation amidst promoter stake dilution and sectoral rebalancing. U.S.-based Vanguard Group acquired a 1.1% stake in Vishal Mega Mart for Rs. 655 crore, while HDFC Mutual Fund picked up nearly 0.92% of Westlife Foodworld for Rs. 99.65 crore. Separately, Franklin Templeton Mutual Fund acquired a 0.66% stake in India Cements, investing Rs. 63.19 crore.