Even FAANG stocks saw a decent correction, but Reliance continues to rally: Sandip Sabharwal

Even FAANG stocks saw a decent correction, but Reliance continues to rally: Sandip Sabharwal

Obviously with the kind of fund flows Reliance managed to get in the Jio platform, some rally was likely to happen but Rs 2,100 was the target of many analysts, one or two years down the line, says the analyst at asksandipsabharwal.com. What has been your take away on ICICI numbers?ICICI Bank results on a … Read more

Aditya Puri sells shares worth Rs 843 crore in HDFC Bank

Aditya Puri sells shares worth Rs 843 crore in HDFC Bank

MUMBAI: Aditya Puri, managing director and chief executive officer of the country’s largest private sector lender HDFC Bank has sold 95% of his stake valued Rs 843 crore in the bank this week. According to insider trading data published by the stock exchanges on Saturday, Aditya Puri has sold 74.2 lakh shares of the bank … Read more

Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MD

Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MD

MUMBAI: HDFC Bank‘s Managing Director and Chief Executive Aditya Puri on Saturday said “disciplinary action” has been taken against a few employees from the auto loans business for exhibiting “personal misconduct“. The remarks by Puri in an address to shareholders came amid reports about the circumstances under which the head of the auto loan business … Read more