HDFC launches electronic will writing service 'e-Will' Posted on 12th December 2014 |
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HDFC Securities today launched a unique electronic will writing service 'e-Will' in India. The company has launched the service in collaboration with its legal partner WillJini. The service claims to assist individuals write their personal e-Will online without making any personal visits or phone calls. This do-it-yourself service is automatic and is not prepared or vetted by an advisor. |
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Sensex down over 200 points, Nifty slips below 8,300 Posted on 11th December 2014 |
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Markets extended losses after opening marginally lower, amid weak global cues, with auto and capital goods shares leading the decline. By 9:35, the Sensex was lower by 220 points at 27,611 mark and the Nifty slipped by 64 points at 8,291 mark. |
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HDFC Bank loses its Casa-leader slot Posted on 10th December 2014 |
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When most private sector banks have seen the share of low-cost current account and savings account (Casa) deposits grow in their deposits pool, HDFC Bank, the country’s second largest private sector lender, has witnessed a fall in the share of Casa in the same period. At the end of March 2013, Casa ratio in total deposits was at 47.4 per cent, which in the next six months slipped to 45 per cent (September 2013). At the end of March 2014, the ratio declined marginally to 44.8 per cent. It dipped to 43.2 per cent in quarter ended September 2014. |
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Welcome back, HDFC Bank tells its former employees Posted on 8th December 2014 |
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Indian companies rarely welcome back former employees with open arms. HDFC Bank, however, thinks otherwise. The country's second largest private sector lender has introduced a new employee recruitment programme – Khoj – that aims to bring back former employees. "We never had a policy that prevented us from re-employing former workers. But now we are putting a lot more emphasis on our re-hire policy. The bank's businesses are growing fast and we have a huge manpower requirement. We realised that a number of people, who have previously worked with us, want to join back. Hence, this programme has been introduced," Philip Mathew, chief people officer at HDFC Bank, told Business Standard. |
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Markets come off record highs; ITC surges 4% Posted on 4th December 2014 |
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Markets surged in opening trades to hit record highs with the Sensex topping the 28,800 mark but retreated later as traders turned cautious and booked profits at higher levels. By 9:30, the Sensex was higher by 175 points at 28,618 whereas the Nifty gained by 88 points at 8,625. Sensex and Nifty have hit the fresh record high of 28,809 and 8,627, respectively. |
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HDFC Bank rules out a JV for payment bank Posted on 4th December 2014 |
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HDFC Bank has become the first bank to rule out a joint venture partnership with any applicant for a payment bank. We will not do a joint venture for a payment bank. We are a full bank ourselves and so we don’t need to form an alliance, said Aditya Puri, MD, HDFC Bank. |
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Nifty holds 8,600; Tata Motors, M&M up over 2% Posted on 28th November 2014 |
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Markets continued to trade firm in late noon trades led by rate sensitive shares on hopes of a rate cut by the central bank and index heavyweight Reliance Industries. At 2:15PM, the 30-share Sensex is up 333 points at 28,772 and the 50-share Nifty has gained 109 points to trade at 8,604. |
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BSE market-cap at Rs 100 trillion; investor wealth up 10 times in decade Posted on 28th November 2014 |
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Scaling a new peak, the total investor wealth in Indian stock market today hit a record high of Rs 100 trillion, marking a jump of ten times in little over a decade. Measured in terms of total market capitalisation of all listed companies on the country’s biggest bourse BSE, the overall investor wealth in the Indian stock market rose to Rs 100.01 lakh crore in early morning trade at 1005 hours as benchmark Sensex soared by over 300 points in its continuing record rally. |
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Nifty hovers around 8,460; ITC, HDFC down over 1% Posted on 27th November 2014 |
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Markets continued to trade flat with stock specific action seen ahead of the expiry of November derivative contracts today. At 1:15PM, the 30-share Sensex was down 41 points at 28,345 and the 50-share Nifty was down 10 points at 8,466. |
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Market rebounds from day's lows; BHEL up 3% Posted on 26th November 2014 |
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Markets rebounded from their day's lows in late noon trades following a recovery in select financials and capital goods shares while FMCG major ITC continues to lead gains. At 2:15PM, the 30-share Sensex was up 70 points at 28,407 and the 50-share Nifty was up 19 points at 8,482. |
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