Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …
Latest HDFC Bank News & Updates
New Delhi, May 13 (IANS) The Delhi High Court has ordered HDFC Bank to immediately defreeze the bank account of a Delhi resident, holding that the continued freezing of the account without any FIR, accusation, or judicial order was “wholly arbitrary and unsustainable in law”. A single-judge Bench of Justice Purushaindra Kumar Kaurav, in an order passed on May 4, allowed the plea filed by Tushar Verma, whose savings account with HDFC Bank was frozen following a complaint received from the Cyb…
New Delhi, May 12 (IANS) The Central Bureau of Investigation (CBI) has unearthed an alleged nexus between a real estate developer and bank officials in a major homebuyers fraud case and filed its eighth charge sheet in connection with the matter, an official statement said on Tuesday.The charge sheet has been filed against M/s Logix City Developers Pvt. Ltd., its Directors, and officials of ICICI Bank and HDFC Bank for their alleged involvement in a criminal conspiracy linked to a housing projec…
Mumbai, May 10 (IANS) Amid a range-bound trend in equities, the combined market valuation of four of the top-10 most valued firms eroded by more than Rs 1 lakh crore last week, with State Bank of India emerging as the biggest laggard.During the week, the benchmark Sensex gained 414.69 points or 0.53 per cent, while the Nifty advanced 178.6 points or 0.74 per cent.Among the top-10 valued companies, Bharti Airtel, State Bank of India (SBI), Tata Consultancy Services (TCS) and Larsen & Toubro (…
Balrampur (Chhattisgarh), May 9 (IANS) Completing 11 years since their launch on May 9, 2015, the Central government’s flagship social security initiatives — Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) — are continuing to provide crucial financial support to poor and middle-class families across the country. Launched by Prime Minister Narendra Modi, the schemes offer insurance protection at extremely affordable premiums. According to …
Kalaburagi, (Karnataka) May 9 (IANS) Karnataka Rural Development and Panchayat Raj Minister and Kalaburagi district in-charge Minister Priyank Kharge on Saturday said it was a matter of pride that the local dish, “Kalaburagi rotti”, prepared locally by women from self-help groups, is now being exported to foreign countries. Speaking at a programme held at the Arivina Mane auditorium in Kalaburagi city, Kharge flagged off consignments of packaged rotis prepared for export to Australia, the Un…
New Delhi, May 8 (IANS) Leadership uncertainty at HDFC Bank has emerged as a key overhang for India’s banking sector, with brokerage firm Jefferies saying the controversy has disrupted benchmark valuations and capped rerating potential across banking stocks despite healthy fundamentals.In a note, the brokerage said investor sentiment toward the banking space has been weighed down by uncertainty surrounding HDFC Bank’s top management transition, along with geopolitical tensions in West Asia. …
Mumbai, May 8 (IANS) Indian benchmark indices ended lower on Friday as renewed tensions between the United States and Iran dampened investor sentiment and triggered caution across sectors. The selloff was largely led by banking stocks, while gains in IT shares helped limit the downside.The Nifty ended 150.50 points or 0.62 per cent down at 24,176.15 and the Sensex ended 516.33 points or 0.66 per cent down at 77,328.19.Commenting on Nifty technical outlook, experts said that the 24,250–24,300 l…
Mumbai, May 8 (IANS) Indian stock markets traded on a cautious note Friday, with benchmark indices declining 0.7 per cent each in the morning session as renewed hostilities between the United States and Iran strained a fragile ceasefire and rattled investor sentiment globally.Sensex fell as much as 0.71 per cent or over 500 points to hit an intraday low of 77,291.72 in early trade, while Nifty slipped by 168 points or 0.69 per cent to 24,158.15.Among sectoral indices, Nifty Private Bank, Nifty P…
Mumbai, May 7 (IANS) The Indian equity markets traded higher on Thursday in morning trade amid hopes of the US-Iran peace deal.Sensex climbed as much as 0.48 per cent, or 380 points, to hit an intraday high of 78,339.24 in early trade, while Nifty traded at 24,423.35, up 0.37 per cent or 92 points.Meanwhile, from the Nifty pack, Tata Consumer, Power Grid, Hindustan Unilever, TCS, HDFC Bank, Titan, NTPC, and Sun Pharma were among the top losers.Sectoral indices — Nifty Realty, Nifty FMCG, Nifty …