CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.
Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and HDFC Bank on Wednesday announced a partnership to launch a co-branded travel credit card. Known as the IRCTC HDFC Bank Credit Card, the co-branded card is in a single variant and is available on NPCI's Rupay network. This is the third tie-up of IRCTC after State Bank of India and Bank of Baroda. The card will provide exclusive benefits and maximum savings on bookings of train tickets booked through the IRCTC's ticketing website and through IRCTC Rail Connect app, HDFC Bank Group Head (Payments, Consumer Finance, Digital Banking and IT) Parag Rao told reporters here. Additionally, he said, IRCTC HDFC Bank Credit cardholders will enjoy an attractive joining bonus, discounts on bookings and access to the several executive lounges at railway stations across the country. Commenting on the association, IRCTC chairman and managing director Rajni Hasija said the co-branded card offers exclusive access to newly opened lounges
Stocks to watch today: HDFC concluded sale of 10-year non-convertible debentures (NCDs) of Rs 25,000 crore; Ambuja Cements was selected as 'preferred bidder' for Uskalvagu limestone block in Odisha
ICICI, Axis, HDFC Bank, ICICI Securities Primary Dealership arranged the deal
HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult
This will be one the largest ever debt sales by the firm; proceeds may be used to meet its financing or refinancing needs
Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major
HDFC's Q3 net profit beat Street estimates which had pegged PAT around Rs 3,730 crore
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
Plan your own leave, unlimited paid vacation days, and multiple leave options are India Inc's attempt at respecting time off
The issue will also have a greenshoe option to retain an additional 20 billion rupees and will close for subscription later this week
Leading private sector life insurer HDFC Life expects its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 per cent. Its FY22 VNB (value of new business) margin stood at 27.4 per cent and the management is confident of reaching there or making a further improvement as it closes the current fiscal. Over the weekend, HDFC Life reported a 15.2 per cent growth in net income at Rs 315.22 crore on a net premium income of Rs 14,379.38 crore, which rose 18.6 per cent annualised from Rs 12,124.36 crore. Its first-year premium stood at Rs 2,724.87 crore, up from Rs 2,115.97 crore, and the renewal premium soared to Rs 7,187 crore from Rs 5,543.03 crore. At 26.8 per cent, the VNB margin is already at the pre-merger level, neutralising the impact of the merger of Exide Life (in Q2 FY23) almost thre
India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
Analysts expect HDFC Bank's stock to perform gradually until the margin profile revives, and the merger-related overhang eases
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food and beverages on their premises
From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs