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Bank of America’s global fund manager survey out Tuesday morning found that 91% of respondents said corporate earnings are unlikely to rise 10% or more in the next year, the highest share of ...
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
In corporate news, Twitter Blue is due to relaunch Monday with a nearly 30% surcharge for iPhone owners. The service still costs $8 per month, but will be $11 for those who purchase the services ...
The stock was down -8.49% to trade at $857.81 per share in the afternoon session as of 1:16 p.m. ET. 12:54 p.m. ET: Stocks lose steam after strong morning gains Here were the main moves in markets ...
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
Stock market news live updates: Stocks slide to lowest since March 2021, S&P closes below 4,000 ... as investors appraised whether the tools at the central bank's disposal will be sufficient to ...
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
That view was bolstered by remarks from Federal Reserve Chair Jerome Powell on Wednesday that suggested signs of "disinflation" are building in the economy as the U.S. central bank raised interest ...