“So, whether it is infrastructure which I feel is one space where the government spending is also picking up and should pick up faster now when you are reaching close to the end of the third quarter. So, infrastructure is one space that I am very positive,” says Neeraj Dewan, Market Expert.What is your outlook … Read more
Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more
In the realm of investment planning, longevity is a virtue. The journey to financial security once you are near retirement often requires a careful balance of strategy, foresight, and adaptability. In a quest for clarity amidst the retirement planning maze, Gururaj, a 50-year-old investor brimming with aspirations, seeks to grow the portfolio so that he … Read more
HDFC Flexi Cap Fund, an open-ended dynamic equity scheme investing across large-, mid- and small-cap stocks, has successfully completed 29 years of operation in 2024. Over the past 29 years, the fund has delivered a compound annual growth rate (CAGR) of 18.87%. Further, an SIP of Rs 10,000 invested since inception systematically on the first … Read more
Mumbai: HDFC Bank chief executive Sashidhar Jagdishan on Tuesday unveiled his boldest leadership overhaul in more than three years to help capture synergies with the bank’s mortgage-financing parent. This will strengthen a retail-focused accountability structure that will enhance access to deposits. The chief executive has split retail loans into mortgage and non-mortgage segments, with two … Read more
(This story originally appeared in on Aug 11, 2023) Funding is the biggest risk to the HDFC Bank and HDFC merger, Sashidhar Jagdishan, the private lender’s MD, said on Friday. HDFC Bank has been on an overdrive to accrue deposits to provide cover for the liabilities arising out of the merger that now includes the … Read more
India’s insurance regulator has allowed insurance companies to classify debt securities of HDFC Ltd under the ‘housing and infrastructure’ category, it said in a notification on Friday. HDFC Ltd was merged with HDFC Bank on July 1, following which debt securities of the housing financier had been transferred to the bank. Insurance companies feared they … Read more
Mankind Pharma, a recent entrant to the stock exchanges, has been included in several Nifty indices, including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200. The decision was taken at a meeting of the index maintenance sub-committee. Mankind Pharma, whose IPO was one of the largest this year, made a healthy debut on the exchanges in … Read more
Mumbai: India’s leading equity benchmarks soared to fresh highs on Monday, extending their run of gains for the fourth session in a row. Monday’s rally was backed by Reliance Industries, ITC, the HDFC twins and the pack of financial stocks. The ‘risk-on’ rally in global equities took the Sensex above 65,000 and the Nifty past … Read more
Describing HDFC Bank stock as a compounder available at an attractive valuation, global brokerage firm Morgan Stanley expects loan growth and EPS growth to be around 17-18% YoY after FY24. MS has resumed its overweight rating on HDFC Bank with a target price of Rs 2,110, following which the stock rallied 3.2% to Rs 1,757.80 … Read more