HDFC launches first school in Gurgaon
Posted on 30th March 2015 |
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Housing Development Finance Corporation (HDFC) launched a school — The HDFC School — in Gurgaon. It was inaugurated by Deepak Parekh, chairman, HDFC. The school has started, taking admissions from pre-nursery to grade III this year. It is in the process of setting up a five-acre school campus for its higher secondary wing. |
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HDFC Bank MD Puri on Barron's list of 30 best CEOs
Posted on 23rd March 2015 |
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HDFC Bank Managing Director Aditya Puri has been featured on the list of 30 best chief executive officers (CEOs), published by America's financial magazine Barron's. "Of the 30 CEOs in our original feature, seven have kept their jobs and only two remain on our list - Warren Buffett of Berkshire Hathaway and Michael O'Leary of Ryanair Holdings," Barron's said in its 11th edition of annual best CEOs, 2015. |
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HDFC Bank launches app to allow customers transfer money to phone contacts
Posted on 18th March 2015 |
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HDFC Bank, India’s second largest private lender, on Tuesday launched Chillr, a mobile application that allows users to transfer money instantly to any contact on their phonebook who have the app. The app has been developed by Kochi-based technology firm MobME and allows users to send money in three steps. Receivers don’t necessarily need to have accounts with HDFC Bank. |
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Now, CBI arrests Mumbai CA, 2 officials for govt documents leak; banks, realty firms under scanner
Posted on 13th March 2015 |
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The CBI on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents related to foreign investment policy to corporate groups after it carried out searches in offices of Finance and Commerce Ministries here and in Mumbai. CBI’s action came after registering a case of criminal conspiracy, theft under IPC and misuse of official position under the provisions of the Prevention of Corruption Act against Chartered Accountant Khemchand Gandhi, Under Secretary in Department of Disinvestment and Grievances Ashok Kumar Singh and Section Officer in the Department of Economic Affairs Lala Ram Sharma. |
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Sensex, Bank Nifty up over 200 points; ICICI Bank, HDFC up 1%
Posted on 12th March 2015 |
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Benchmark share indices rebounded after three days of losses to open marginally higher tracking firm gains in their Asian peers with bank shares leading the gains. At 9:30AM, the 30-share Sensex was up227 points at 28,886 and the 50-share Nifty was up 66 points at 8,766. The Bank Nifty was up nearly 200 points at 19,235. |
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Sensex drops 135 points to one-month low; Nifty slips 44 points
Posted on 10th March 2015 |
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Stock markets fell for the second straight session with the benchmark Sensex today sliding 134.91 points to one-month low of 28,709.87 as investors sold realty, power and oil&gas shares amid lingering worries over an earlier-than-expected hike in US interest rates. After yesterday's over 604-point crash, the 30-share BSE Sensex opened in positive terrain but soon succumbed to selling pressure. It touched day's low of 28,584.49. |
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HDFC Bank devises new card strategy
Posted on 9th March 2015 |
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MUMBAI: A surge in the use of cards in e-commerce and m-commerce has made HDFC Bank expand its card strategy. The Bank will soon launch a payment system for small merchants to accept card payments without swipe machines, besides a new category of virtual credit cards. HDFC Bank is a market leader in the credit card business, accounting for more than half of the amount outstanding under various credit card accounts. |
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Banking shares rally after RBI cuts repo rate
Posted on 4th March 2015 |
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Banking shares are in demand with the Bank Nifty surging 581 points to 20,542 in early morning deal on NSE after the Reserve Bank of India (RBI) cut the repo rate by 25 bps to 7.5% today. Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank, Canara Bank, Bank of India, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India are up between 2-3%. |
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Housing finance companies dip on profit booking
Posted on 30th November -0001 |
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Shares of housing finance companies are trading lower by up to 4% on the bourses on profit booking after the Finance Minister presented the Union Budget 2015-16 in Parliament today. LIC Housing Finance (4% at Rs 475), GIC Housing Finance (3% at Rs 243), Dewan Housing Finance (3% at Rs 495), Can Fin Homes (3% at Rs 609) and HDFC (down 2% at Rs 1,322) are trading lower in the range of 2-4% on the BSE. |
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Sensex trades 230 points higher; HDFC, ONGC gain
Posted on 25th February 2015 |
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Mumbai: India’s benchmark Sensex was trading over 230 points higher, led by shares of energy, banking and information technology companies. The government will announce the railway budget on 26 February and the national budget on 28 February. Investors will look for the direction of government policy through these two announcements and will keep an eye on annual economic outlook survey on 27 February. Investors are also cautious ahead of future and option expiry on 26 February. |
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