We should now think positively and look at options and opportunities, says Deepak Parekh.
An interview with executive director V Srinivasa Rangan.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
Citigroup is likely to reduce its stake in Housing Development Finance Corporation (HDFC) to below 10 per cent, according to three people familiar with the development.
China Construction forms consortium with Gurugram-based realty developer Tulip Infratech for road projects in India
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
With banks competing for the ever-increasing pie of home loan borrowers with new schemes every second month we decipher what HDFC's latest teaser home loan scheme is all about and whether you should opt for it or not.
The lender has said it is betting on increased loan demand in smaller cities to boost growth in a slowing economy.
Here's your opportunity to sample ilish dishes from the royal homes of Bengal, says Avishek Rakshit.
Housing Development and Finance Corp Ltd (HDFC), the largest mortgage finance company in the country, on Monday launched a fixed-cum-floating rate scheme which would offer home loans at a fixed rate for the initial three or five years and at a floating rate thereafter.
The foreign bank had earlier pared its holding in the housing finance company from 11.4 per cent to 9.9 per cent.
Life Insurance Corporation of India, Housing Development Finance Corporation and State Bank of India together own a little over 45 per cent in IL&FS. The deal is expected to be valued around $2.5 billion.
Housing mortgage lender HDFC today posted a 20 per cent jump in its net profit at Rs 971 crore (Rs 9.71 billion) for the September quarter, on healthy rise in interest income and higher advances.
Tata Housing Development Company Ltd today said it will invest Rs 2,000 crore (Rs 20 billion) in the next three years to build a luxury housing project in Gurgaon and also announced its plans to foray into the overseas market this fiscal.
Shares of ITC ended 1.65 per cent higher at Rs 330.20
Questions raised on discrepancies in land rates in West Bengal.
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
The first meeting of the Group of Ministers on inclusion of caste categories in the census is likely to be held on July 1.
Less than a week after its teaser home loan scheme expired, HDFC has re-launched it at slightly higher rates. And, SBI is also likely to extend its own teaser rate scheme, due to expire on September 30, a top official said on Monday.
Housing Development Finance Corporation, India's largest mortgage financier, today increased its retail prime lending rate by 50 basis points to 14.25 per cent. This is the first time HDFC is increasing its PLR in two years.
Leading mortgage firm Housing Development Finance Corporation (HDFC) on Monday reported a 21.63 per cent rise in net profit to Rs 807.54 crore (Rs 8.07 billion) for the second quarter ended September 30, led by higher loan disbursal.
The country's largest home loan player, Housing Development Finance Corporation, said on Thursday it will not hike interest rates even if the central bank signals an upward movement in the monetary policy on July 27.
Less than a week after Housing Development Finance Corporation re-introduced its teaser home loan scheme, the country's largest private sector lender, ICICI Bank, has followed.
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
Tata Housing develops residential property of four different economic categories -- ultra luxury (Rs 3-7 crore or Rs 30-70 million), premium (Rs 80 lakh-Rs 2.5 crore or Rs 8 million to Rs 25 million), affordable (Rs 15-50 lakhs or Rs 1.5 to Rs 5 million) and value homes (sub Rs 10 lakhs or Rs 1 million).
According to the National Centre for Seismology, the epicentre of the temblor which occurred at 1439 hrs was in Dhalai district in Tripura at a depth of 28 km.
With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand
Rental housing for 43,000 low-income families in Mumbai by March 2015.
With HDFC also jumping on the dual-rate bandwagon, a home buyer has some good options.
Months after dismissing State Bank of India's special loan scheme as a gimmick, mortgage player Housing Development Finance Corporation has decided to follow the country's largest bank.
Unlike fixed deposits or other recurring deposits, the rate will be reviewed every three months.
The group, which aspires to be a significant player in the two-wheeler market, is also working on adding an additional production capacity to meet future targets.
However, on the NSE, both ITC and Infosys had equal weight of 8.77 per cent.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Strong risk management systems, a diversified loan portfolio and an impeccable track record make HDFC a safe bet.
New Haven's' flagship project will be launched at Boisar in Mumbai and will offer 1,300 apartments, including 2 BHK and 3 BHK homes starting at Rs 12.73 lakh with a minimum size of 670 square feet, a statement said.
The bank had reported a net profit of Rs 2,325.70 crore in last FY.
Deepak Parekh is likely to step down as the executive chairman of Housing Development Finance Corporation (HDFC) by the end of the year. He is expected to take over as the non-executive chairman of the country's largest mortgage player.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
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