Bloomberg HDFC Bank Ltd. is planning India’s biggest offering of perpetual debt as it seeks to bolster capital after missing a world-beating streak of profit growth that lasted two decades. The proposed 50 billion rupees ($780 million) worth of notes, which don’t have a maturity date, are the lender’s first under Basel III norms, according to a person familiar …

  ABU DHABI / WAM The revenues of Etisalat and du, the UAE’s first and second telecoms operators, including their associated services, amounted to AED 7.3 billion, accounting for 67.2 percent of both companies’ total revenues at the local market, standing at AED 10.76 billion during Q1 2017. Mobile phone services still account for the main bulk of the two …

  DUBAI / WAM Dubal Holding (DH), the investment arm for the Government of Dubai in power, commodities, mining and industrial sectors, held its third annual general meeting at the Dubai Ruler’s Court. DH recorded a net profit of AED1.04 billion during 2016, an increase of around 10 per cent over 2015 net profit, and had AED 18.6 billion of …