Friday's Trading Guide suggests HDFC Life and five more stocks

On Thursday, the benchmark indices remained in the red after a session marked by high volatility. At market's end, Nifty was below 18,000. The FMCG pack saw the largest increase of over 1%, while the financial services industry saw the largest decrease of over 1%. "Despite strong opening...

According to the RBI, SBI, ICICI Bank, and HDFC Bank continue to be domestic systemically important institutions.

The State Bank of India, ICICI Bank, and HDFC Bank are still considered to be Domestic Systemically Important Banks, according to a statement from the Reserve Bank of India on Monday (D-SIBs). The central bank had first released a framework for handling D-SIBs in July 2014, which obliged it to re...

Markets level off in volatile trade, as the HDFC twins excel.

After a volatile session on Friday marked by worries about the global economy and central bank rate hikes, the BSE Sensex concluded the week with modest gains.

According to dealers, the rupee's decline and the withdrawal of foreign funds further reduced risk taking.

The 30...

Markets level off in volatile trade, as the HDFC twins excel

After a volatile session on Friday marked by worries about the global economy and central bank rate hikes, the BSE Sensex concluded the week with modest gains.

According to dealers, the rupee's decline and the withdrawal of foreign funds further reduced risk taking.

The 30...

USAID AND DFC PLEDGE 41 MILLION DOLLARS FINANCING FOR RENEWABLE ENERGY IN INDIA

HIGHLIGHTS

• USAID and DFC have announced a US $41 million loan-guarantee program for India.
• This program is meant to finance investment in renewable energy by Indian SMEs.

The United States Agency for International Development (USAID)...

RBI’S TO INITIATE RECOVERY IN MONEY-MARKET RATES VIA CASH TIGHTENING

HIGHLIGHTS

• The Reserve Bank of India aims to drain Rs. 2 trillion (equal to $27.3 billion) of banking funds.
• The 14-day reverse repo operation to drain the cash starts on 15 JAN 2021.

With Reserve Bank of India (RBI) taking first sma...

U.S. INTERNATIONAL DEVELOPMENT FINANCE CORP TO INVEST $54MN IN INDIA

Highlights

• DFC is going to invest $54 million in India to support the development of critical infrastructure projects in the nation as it remains under the threat of pandemic

• The U.S. DFC said India is one of the fastest growing nations in last three decades, tho...

THERE IS NO EVIDENCE OF MISCONDUCT IN U.S. GOVERNMENT'S LOAN TO KODAK: REPORT

Highlights

• It is being stated this report was given by the inspector general of the US International Development Finance Corporation (DFC) to Senator Elizabeth Warren

• The primary reason behind granting this loan to Kodak was supporting launch of its new pharmaceu...

ROSEN LAW FIRM FILES LAWSUIT AGAINST INDIAN LENDER HDFC BANK

Highlights

• According to a copy of the complaint available on the website of Rosen Law Firm, the US-based company has alleged HDFC Bank of misleading its investors, and has sought damages and a trial by jury

• HDFC Bank in the month of August had stated that the act...

THE U.S. APPROVES $1.5 BILLION POLITICAL RISK INSURANCE FOR MOZAMBIQUE GAS PROJECT

Highlights

• According to the statement issued by the embassy, the United States International Development Finance Corporation (DFC) has decided to provide up to $1.5 billion in political risk insurance to support the commercialization of natural gas reserves in Rovuma basin in Moz...

HDFC BANK FACES CLASS-ACTION LAWSUIT FROM TWO U.S.-BASED LAW FIRMS

On the allegations of issuing materially misleading business information to its investors, two U.S.-based law firms have announced independent investigations to build securities-fraud class-action lawsuits against India’s largest private sector lender HDFC Bank Ltd. These two firms are Scha...

SASHIDHAR JAGDISHAN: THE NEW MD & CEO OF HDFC BANK

Highlights

• Sashidhar Jagdishan will take over the charge from Aditya Puri, the man who served HDFC for last 26 years

• Jagdishan, a Chartered Accountant by qualification is part of the HDFC since 1996

• Kaizad Bharucha and Sunil Garg were the other c...

SENSEX JUMPS 450 POINTS, NIFTY RECLAIMS 11,000

Highlights

• The S&P BSE Sensex is trading at 37,488.77 points, while the benchmark Nifty50 is at 11,042.25 levels

• Reliance Industries Limited, ITC, ONGC, Maruti Suzuki and Asian Paints were the top Sensex gainers in the first trading session on Tuesday

SENSEX SLUMPS 600 POINTS, NIFTY50 BELOW 11,000

Highlights

• The S&P BSE Sensex is trading at 36,912.51 levels while the benchmark Nifty50 is at 10,921.80 levels

• Tata Motors, Maruti Suzuki and Mahindra & Mahindra were the top Sensex gainers in the first trading session of August

• HDFC, In...

SENSEX CLIMBS 300 POINTS, NIFTY AT 11,300

Highlights

• The S&P BSE Sensex is trading at 38,330 levels, while the benchmark Nifty50 is at 11,271

• Bharti Airtel went up 2 percent after reporting 15 percent increase in its Q1 revenue, followed by HCL Tech, Infosys and TCS jumping 1 percent each

&...

SENSEX SURGES 350 POINTS, NIFTY HOVERING AROUND 11,000

Highlights

• The S&P BSE Sensex is trading at 37,278.47 points, while the benchmark Nifty50 is at 10,980.65

• HDFC Bank and Vodafone Idea were top Sensex gainers in the first trading session if this week with growth of 5 percent and 6 percent respectively

HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged ...

INDIAN MARKETS EXTEND LOSSES: SENSEX DOWN BY 600 POINTS, NIFTY BELOW 10,700

Highlights

• The S&P BSE Sensex is trading at 36,060.51 levels, while the benchmark Nifty50 is at 10,619.05 points

• IndusInd Bank and HDFC twins were the top Sensex laggards with fall of 4 percent and 2 percent respectively

• Total 35 companies in...

PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK

Highlights

• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore

• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent

• The market experts...

CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS

Highlights

• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement

• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...