Mumbai, July 6 (IANS) Indian equity benchmarks extended their winning streak to a fourth consecutive session on Monday, supported by strong buying in realty, auto, oil and gas stocks.The Nifty closed 159.50 points, or 0.66 per cent, higher at 24,430.35, while the Sensex advanced 521.16 points, or 0.67 per cent, to settle at 78,285.07.Commenting on Nifty technical outlook, experts said that the 24,500–24,600 zone will remain a crucial region to watch in the upcoming sessions, as a decisive move…
Latest HDFC Bank News & Updates
Mumbai, July 5 (IANS) The combined market valuation of six of India’s 10 most-valued companies rose by more than Rs 1 lakh crore last week, led by a sharp gain in Bharti Airtel, as benchmark equity indices extended their winning streak amid sustained investor optimism.The rally came as the Sensex advanced 663.44 points, or 0.86 per cent, during the week, while the Nifty gained 214.85 points, or 0.89 per cent.Among the top gainers, Bharti Airtel recorded the biggest increase in market valuation, …
New Delhi, July 4 (IANS) HDFC Bank — India’s largest private lender — on Saturday reported double-digit growth in both deposits and advances for the quarter ended June 30 (Q1 FY27).According to the bank’s latest business update, total deposits increased 14.7 per cent year-on-year to Rs 31.70 lakh crore as of June-end, the bank said in an exchange filing.Time deposits increased more than 17 per cent from a year ago to Rs 21.45 lakh crore, while current account and savings account (CASA) deposit…
Hyderabad, June 30 (IANS) The government of Telangana is exploring the possibility of establishing a big comprehensive data centre and AI infrastructure campus in Telangana, Chief Minister A. Revanth Reddy said on Tuesday. The Chief Minister stated this when Bharti Enterprises Chairman Sunil Bharti Mittal paid a courtesy call on him in Hyderabad.During the meeting, the Chief Minister emphasised the need to focus on the expansion of Airtel’s digital, cloud, cybersecurity, and AI operations in Hyd…
New Delhi, June 30 (IANS) Shares of India’s largest private lender, HDFC Bank, traded lower in early trade on Tuesday after the bank appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years.The private lender’s stock declined as much as 0.62 per cent to Rs 794, hitting an intraday low on the BSE at around 9:45 am.At the last count, the stock was trading at Rs 794.55, down 0.56 per cent.The selling pressure came after the bank — in a regulatory fil…
Mumbai, June 29 (IANS) HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years, according to a regulatory filing made by the private sector lender on Monday. The appointment brings an experienced policymaker and former bureaucrat to the helm of the bank’s board at a time when the institution is focusing on strengthening governance and oversight.Kumar succeeds former chairman Atanu Chakraborty, who stepped down earlier this year citin…
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
Mumbai, June 28 (IANS) The combined market capitalisation of six of India’s 10 most-valued companies increased by Rs 88,678 crore during the holiday-shortened week.During the week, the Sensex advanced 297.57 points, or 0.38 per cent, while the Nifty rose 42.9 points, or 0.17 per cent.Among the top-valued firms, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro registered gains in their market capitalisation, while Bharti Airtel, Tata Consultancy Services, Life Ins…
Jaipur, June 28 (IANS) Union Minister of State (MoS) for Agriculture and Ajmer MP Bhagirath Choudhary has found himself at the centre of a political storm after reports revealed that he received a government subsidy of Rs 99.03 lakh for a commercial cucumber cultivation project under a scheme administered by the National Horticulture Board (NHB), an autonomous body functioning under the Union Agriculture Ministry, where he serves as the ex-officio Vice-Chairman. The development on Saturday trigg…
New Delhi, June 26 (IANS) Credit card spending in India surged to Rs 2,023 billion in the month of May, up 6.6 per cent year-on-year and 2.6 per cent month-on-month, a report said on Friday.The sequential increase comes after a 10.1 per cent on-month decline in April, indicating that the recovery is not yet strong or structural, the report from Asit C. Mehta Investment Intermediates Limited said.The industry added 1 million new cards during May, marking the second-highest monthly card issuance i…