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HDFC group

Big players missing, corp bond issuances drop 36% in Apr-Jun period

HDFC's large fund raise stimulated the bond market, creating a momentum that continued into the subsequent months

Big players missing, corp bond issuances drop 36% in Apr-Jun period
Updated On : 11 Jul 2024 | 1:14 AM IST

Mcap of 8 most-valued firms jumps Rs 1.83 trn; TCS, Infosys biggest gainers

Eight of the top-10 most valued firms together added Rs 1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The market valuation of TCS jumped Rs 38,894.44 crore to Rs 14,51,739.53 crore, becoming the biggest gainer among the top-10 firms. Infosys added Rs 33,320.03 crore taking its valuation to Rs 6,83,922.13 crore. The valuation of Reliance Industries climbed Rs 32,611.36 crore to Rs 21,51,562.56 crore and that of ICICI Bank zoomed Rs 23,676.78 crore to Rs 8,67,878.66 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) rallied Rs 16,950.99 crore to Rs 6,42,524.89 crore and that of Hindustan Unilever surged Rs 16,917.06 crore to Rs 5,98,487.89 crore. The mcap of ITC went up by Rs 10,924.13 crore to Rs 5,41,399.95 crore. State Bank of India's valuation climb

Mcap of 8 most-valued firms jumps Rs 1.83 trn; TCS, Infosys biggest gainers
Updated On : 08 Jul 2024 | 7:02 AM IST

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1

Tyagi, who currently serves as the deputy MD, joined the company in 2008

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1
Updated On : 24 Jun 2024 | 2:57 PM IST

Mcap of 3 of top-10 most valued firms jumps Rs 1.06 trn, HDFC Bank shines

The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent. While HDFC Bank, ICICI Bank and Infosys were the gainers from the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC faced a combined erosion to the tune of Rs 1,01,769.1 crore. The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore. ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore. The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore. However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore. LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,

Mcap of 3 of top-10 most valued firms jumps Rs 1.06 trn, HDFC Bank shines
Updated On : 23 Jun 2024 | 12:46 PM IST

HDB Financial Services to reissue Sept 2027 bonds, eyes to raise Rs 500 cr

The company will offer a yield of 8.35 per cent on this issue, and has invited bids from bankers and investors on Monday

HDB Financial Services to reissue Sept 2027 bonds, eyes to raise Rs 500 cr
Updated On : 21 Jun 2024 | 4:48 PM IST

HDFC Bank to stop SMS alerts for small UPI payments soon; details here

The private lender notified its customers via email and SMS that they will continue to receive email alerts for all UPI transactions

HDFC Bank to stop SMS alerts for small UPI payments soon; details here
Updated On : 29 May 2024 | 2:45 PM IST

Gratuity hike setback, wellness retreat: Top personal finance stories

Our top stories this week tell you about EPFO's decision and the best well retreats in the country

Gratuity hike setback, wellness retreat: Top personal finance stories
Updated On : 24 May 2024 | 8:35 AM IST

Reloy's revenue up 65% to Rs 21 cr in FY24, referral sales hit Rs 1,450 cr

HDFC Capital-backed proptech startup Reloy, which helps builders in generating referral sales, has posted a 65 per cent growth in its revenue last fiscal to Rs 21 crore on strong housing demand. The company's revenue stood at Rs 12.7 crore in the 2022-23 fiscal. "Our growth is on account of higher referral sales and client acquisitions," Reloy founder and CEO Akhil Saraf told PTI. "We helped builders in generating Rs 1,450 crore worth of referral sales in the last fiscal," Saraf said. The company has set a target to generate Rs 3,500 crore worth of referral sales in the current fiscal. Founded in 2015, Reloy has been specialising in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their builders and brokers more efficiently. Reloy has so far raised Rs 13 crore from various investors, including HDFC Capital, which owns around 10 per cent stake in the startup. Last year, it raised Rs 7.2 crore from investors to ex

Reloy's revenue up 65% to Rs 21 cr in FY24, referral sales hit Rs 1,450 cr
Updated On : 19 May 2024 | 3:06 PM IST

HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%

Revenue from operations surges 19% to Rs 2,167 cr

HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%
Updated On : 19 Apr 2024 | 10:30 PM IST

Terms of contract override sales pitch

The SC said that Monga could not be allowed to question the interest rate after having acquiesced by signing the loan agreement

Terms of contract override sales pitch
Updated On : 14 Apr 2024 | 8:29 PM IST

Japan's MUFG discusses buying 20% stake in HDFC Bank's IPO-bound arm

The move marks the latest in a string of acquisitions by Japan's top banks in India

Japan's MUFG discusses buying 20% stake in HDFC Bank's IPO-bound arm
Updated On : 12 Apr 2024 | 1:50 PM IST

Mcap of 4 of top-10 firms hit Rs 1.71 trn; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs 78,127.48 crore hit to their market valuation with index major Reliance Industries accounting for the majority of the losses. Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4. While Tata Consultancy Services (TCS), HDFC Bank, State Bank of India and LIC were the gainers from the top 10 pack, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC and Hindustan Unilever faced losses in their valuation. The market valuation of HDFC Bank jumped Rs 76,880.74 crore to reach Rs 11,77,065.34 crore. LIC added Rs 49,208.48 crore, taking its valuation to Rs 6,27,692.77 crore. The market capitalisation (mcap) of TCS climbed Rs .

Mcap of 4 of top-10 firms hit Rs 1.71 trn; HDFC Bank, LIC lead gainers
Updated On : 07 Apr 2024 | 10:32 AM IST

HDFC foreign legroom rises but misses index provider MSCI threshold

The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell

HDFC foreign legroom rises but misses index provider MSCI threshold
Updated On : 04 Apr 2024 | 10:38 PM IST

Sumant Rampal appointed as head of HDFC Bank's mortgage business

Before the new role, Rampal was the Group Head - Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank

Sumant Rampal appointed as head of HDFC Bank's mortgage business
Updated On : 29 Mar 2024 | 1:01 AM IST

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit
Updated On : 18 Mar 2024 | 10:37 PM IST

How does the Swiggy HDFC credit card compare with other cashback cards?

Key benefits include a free 3-month Swiggy One membership and 1% cashback on other spends

How does the Swiggy HDFC credit card compare with other cashback cards?
Updated On : 13 Mar 2024 | 1:31 PM IST

HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth

After witnessing asset quality pressures in the aftermath of the pandemic, the finance company has improved its risk profile and health to support sustained growth in the loan book

HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth
Updated On : 08 Mar 2024 | 10:30 PM IST

HDFC Bank announces raising $750 mn through multi-year overseas bonds

Private lender mops up $300 mn via maiden sustainable finance bond

HDFC Bank announces raising $750 mn through multi-year overseas bonds
Updated On : 07 Feb 2024 | 2:28 PM IST

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end

HDFC Bank sees period of consolidation as it absorbs mega merger: Report
Updated On : 25 Jan 2024 | 2:21 PM IST

HDFC Bank first lender to issue 20 million credit cards, shows data

HDFC Bank is the largest issuer of card issuers in the country, which commands over a fourth of the overall cards market in terms of numbers

HDFC Bank first lender to issue 20 million credit cards, shows data
Updated On : 23 Jan 2024 | 10:22 PM IST