Tag: hdfc bank
Jio Platforms IPO valuation seen at a record $170 billion by investment bankers| Business News
Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of…
Why HDFC Bank, ICICI Bank shares are moving in opposing directions after quarterly results| Business News
Shares of HDFC Bank Ltd. and ICICI Bank Ltd. moved in opposing directors after India’s two largest lenders declared their quarterly results. HDFC Bank clocked…
Sensex, Nifty 50 open 0.8% higher on Diwali cheer, bank results| Business News
India’s stock market opened higher today on better-than-expected bank earnings and positive global cues on easing US-China trade tensions. The National Stock Exchange building in…
Revenue up 5%, net profit up 11% as asset quality improves| Business News
HDFC Bank Ltd. saw its topline grow in the second quarter of the ongoing fiscal as asset quality improved for India’s largest private lender. While…
India’s retail inflation falls to 8-year low in September
New Delhi: India’s retail inflation eased to 1.5% year-on-year in September, lowest since June 2017, driven primarily by a decline in food prices, official data…
Trump and tariffs could decide the course of RBI rate revision
MUMBAI: Low inflation has stepped up expectations of rate cuts, but their size and timing hinge on growth trends, with the impending trade deal between…
Inflation’s ways give room for a rate cut, but RBI may not do it
India’s inflation environment remains benign as reinforced by the latest Consumer Price Index (CPI) print, providing space for potential monetary easing. However, most economists, including…
India aims for two PSBs on world top 20 list by 2047
NEW DELHI: India will aim to have at least two public sector banks (PSBs) among the world’s top 20 by 2047, aligned with the Viksit…
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of…
Tax tweak to tame CPI by 50-90 bps
Around one-fourth of items, mostly essential and household goods, in India’s inflation basket will be taxed at 5% following the goods and service tax cuts…