Strong loan book growth takes HDFC Bank Q2 net profit up by 21% YoY

3 hours, 0

HDFC Bank, the country's second largest private sector lender, has reported healthy 20.6 percent on year growth in second quarter profit to Rs 5,005.73 crore, driven by NII, other income and operating income. However, higher provisions limited profitability of the bank. The profit in year-ago per...

China’s third quarter GDP growth slowest in nine years

a day, 1

Beijing: China's economy grew at 6.5 percent in the third quarter, posting slowest growth in nine years, amid intensifying trade war with the US and the mounting local government's debt which rose to $2.58 trillion. The GDP expanded by 6.5 percent in the July-to-September period year-on-year, acc...

Buy ACC; target of Rs 1750: ICICI Direct

a day, 1

ICICI Direct is bullish on Mahindra CIE Automotive has recommended buy rating on the stock with a target price of Rs 290 in its research report dated October 19, 2018.

US says it could remove India from currency monitoring list

2 days, 0

The US could remove India from its currency monitoring list of major trading partners, the Treasury Department has said, citing certain developments and steps being taken by New Delhi which address some of its major concerns. India for the first time was placed by the US in its currency monitorin...

Tata Group in talks to buy majority stake in debt-laden Jet Airways: Report

3 days, 2

Indian business conglomerate Tata Group has held preliminary discussions to buy a large stake in debt-laden Jet Airways (India) Ltd, the Times of India reported on Thursday. Tata has sought management control of Jet, seeking at least 26 per cent initially and another 26 per cent via an open offer...

Strong loan book growth takes HDFC Bank Q2 net profit up by 21% YoY

3 hours, 0

HDFC Bank, the country's second largest private sector lender, has reported healthy 20.6 percent on year growth in second quarter profit to Rs 5,005.73 crore, driven by NII, other income and operating income. However, higher provisions limited profitability of the bank. The profit in year-ago per...