Since Sashidhar Jagdishan succeeded Aditya Puri as managing director and chief executive officer in October 2020, HDFC Bank has undergone two reorganizations. Following HDFC Ltd.’s acquisition of HDFC Bank, the shares of that institution have dropped by more than 9% in the last three weeks. As the bank restructures its senior management following a merger…
Forex traders said the currency was under pressure due to subdued domestic macroeconomic data and ongoing FII withdrawals. The rupee fell 15 paise to settle at 83.21 (provisional) versus the US dollar on Tuesday, as a strong US currency and poor local stocks dampened investor optimism. Forex traders said the currency was under pressure due…
Oil climbed in early Asian trade on Wednesday, boosted by tightening global oil supplies ahead of an OPEC+ ministerial meeting. Brent crude oil futures were up 6 cents to $90.98 per barrel at 0004 GMT, while WTI crude in the United States was up 11 cents to $89.34 per barrel. When the Organization of the…
Today’s Stock Markets: On September 29, according to preliminary statistics from the National Stock Exchange (NSE), foreign institutional investors (FII) sold shares worth Rs 1,685.70 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,751.49 crore. The benchmark Sensex and Nifty indices are expected to start slightly higher on October 3 as trends in…
In early trade on Tuesday, the rupee fell 17 paise to 83.23 against the US dollar, as a strong currency and persistent foreign money outflows impacted on market morale. Investor morale was further dampened, according to forex dealers, by a negative trend in local shares. At the interbank foreign exchange, the domestic unit started at…
Maruti Suzuki, Tata Motors, M&M, and Hero MotoCorp: According to Nomura India, the Shraddha period, which is seen as unlucky, spans between September 29 and October 14. As a result, September retail sales were much higher year over year. According to September’s car sales data, the two-wheeler and tractor segments performed poorly while the passenger…
The Fed made it clear that synthetic securitization transactions refer to the performance of a group of loans on a bank’s balance sheet. The Federal Reserve may encourage American banks to shift more of the risk in their loan portfolios to investors, which might allow them to raise capital. The issuance of credit-linked notes that…
On a day when the market was generally sluggish, the share price of Bajaj Finance stock increased by almost 4% in the morning session on the BSE after the business announced that its board of directors would meet next week to discuss raising money. The stock climbed more than 4% to record the intraday high…
After the Multi Commodities Exchange (MCX) announced the launch of a new commodities derivative platform (CDP), the capital market regulator Securities and Exchange Board of India (SEBI) requested that MCX “abeyance” the CDP launch. In its formal announcement, MCX disclosed the facts. In response to SEBI’s request, MCX stated that the issue is a technical…
According to news agency ANI, the Reserve Bank of India (RBI) has said that the 2,000 denomination banknote would lose its value after September 30 and become simply another piece of paper if it is not exchanged at a bank. This statement was made a day after reports said that the deadline for returning 2000…
