Company Overview and News
Shares of HDFC Bank rose as much as 2.7 per cent to a record high of Rs 1,888 on fund-raising plan. (6-0)
HDFC Bank shares hit fresh record high of Rs 1,887.45, up 2.7 percent intraday Friday ahead of board meeting to consider fund raising proposal. (6-0)
Consumer prices in India increased to a 15-month high in November, owing to a surge in food and oil prices. On a year-over-year basis, retail inflation increased to 4.88% in November compared with 3.58% in October, breaching India’s central bank’s 4% target. Moreover, a Bloomberg survey of economists expected inflation to register a 4.29% increase. (5-0)
New Delhi: Shares of India’s largest car maker Maruti Suzuki India Ltd jumped 2.11% to an all-time high of Rs9,072 apiece on Friday, making the Delhi-based automaker the sixth most valued firm on the BSE, ahead of State Bank of India (SBI). (12-0)
India’s GDP grew 6.3% annually year over year in the July-September quarter of 2017, missing expectations of 6.4%, per a Bloomberg survey. However, it rebounded from 5.7% growth in the previous quarter, which was a three-year low, owing to headwinds related to Modi’s demonetization move in November and the introduction of a major tax reform in the form of Goods and Service Tax (GST). (5-0)
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Mumbai: Private equity firm Paragon Partners on Thursday sold a 3.09% stake in real estate construction services company Capacit’e Infraprojects Ltd, according to a stock exchange filing. (3-0)
The board of directors of HDFC Asset Management Company, the sponsor of HDFC Mutual Fund, has cleared a proposal to initiate the process of filing for its initial public offer.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
HDFC Asset Management Company (commonly referred as HDFC MF) could soon become the second asset manager to go public. The country's second-largest mutual fund (MF) on Thursday got its board approval to initiate the process to go public. HDFC MF is backed by country's largest mortgage lender Housing Development Finance Corporation (HDFC) and global investment firm Standard Life. (4-0)
HDFC Standard Life Insurance Co is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.
HDFC Standard Life Insurance Co. is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.
MUMBAI (Reuters) - HDFC Standard Life Insurance Co. is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.
Lenders to stressed SevenHills Hospital led by Axis Bank have filed for insolvency after months of negotiations with several strategic and financial suitors, including a JP Morgan fund, failed to yield any resolution, reports The Economic Times. The move will force an auction of the chain, sources said. Apart from Axis, an SBI consortium, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, UCO Bank, Canara Bank, Central Bank and Bank of Maharashtra have lent to Seven Hills. (115-0)
Wary of the potential electoral fallout of breaching its promise not to permit foreign direct investment (FDI) in multi-brand retail, the National Democratic Alliance (NDA) government has decided not to allow foreign supermarket chains to sell non-food items during its current tenure, which ends in 2019, reports Mint. “Allowing foreign retailers to sell non-food items in India is unlikely to happen before the next general election,” a senior government official involved in the FDI decision-making process said. (103-2)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton