Bharti Airtel has raised $750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts
The firm will issue non convertible debentures (NCDs) on a private placement basis
The announcement comes close on the heels of SBI reducing interest rates on home loans
Leading stock exchanges NSE BSE said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in NSE cash segment
Equity indices buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
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CLSA has raised its target price from Rs 2,850 on the back of strong beat on NII, improvement in net interest margin by 20 bps QoQ, and adequate provisioning of 1.4 per cent of AUM
Figure not comparable with Q3FY20, when it booked a fair value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
Its consolidated net profit, attributable to the owners, however, came in at Rs 5,176.76 crore for the quarter under review, clocking an improvement of 35 per cent on year
State-owned Coal India's coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month
In a discussion paper released on its website, the RBI has suggested a four-tier pyramid structure for the sector.
HDFC had acquired 25.01 per cent stake in Good Host in August 2018 for Rs 69.5 crore
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
HDFC reported a healthy 26 per cent YoY pick-up in individual loan disbursement during the October-December quarter