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HDFC Bank quarterly net profit rises 31 percent


July 13th, 2012 - 9:22 pm ICT by IANS
Mumbai, July 13 (IANS) HDFC Bank Friday posted 30.6 percent net profit at Rs.1,417.4 crore on stronger loan growth and higher interest margins during the quarter ended June 30 against ... Read more...

Posted in Business |

Sensex up 52 points; TCS, HDFC Bank rise


July 13th, 2012 - 3:03 pm ICT by IANS
Mumbai, July 13 (IANS) A benchmark index of Indian equities markets rose 52 points in afternoon session Friday, led by good buying support in TCS, Gail India and HDFC ... Read more...

Posted in Business |

Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... Read more...

Posted in Business |

Penalty on HDFC Standard Life seen as warning


July 3rd, 2012 - 3:37 pm ICT by IANS
Chennai, July 3 (IANS) A warning bugle for the industry is what life insurance officials say of the Rs.1.47 ($333,000) crore penalty imposed by the insurance regulator on HDFC Standard ... Read more...

Posted in Business |

US-India remittance partnership formed


June 19th, 2012 - 2:39 pm ICT by IANS
Washington, June 19 (IANS) A leading US financial services firm, Wells Fargo & Company, has joined hands with India's HDFC Bank to start a US-India remittance service. Under an agreement ... Read more...

Posted in Business |

Bank stocks tank as hopes of RBI rate-cut fade away (Lead)


June 18th, 2012 - 4:43 pm ICT by IANS
Mumbai, June 18 (IANS) Bank stocks tanked Monday as hopes faded away of a rate-cut by the Reserve Bank of India (RBI) in its mid-quarter review of monetary policy ... Read more...

Posted in Business |

Two held for cheating in Delhi


May 31st, 2012 - 9:50 pm ICT by IANS
New Delhi, May 31 (IANS) Two persons were arrested here for cheating people on the pretext of getting them bank loans, police said Thursday.The accused were identified as Subhash Chander, ... Read more...

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Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank


May 14th, 2012 - 5:17 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over ... Read more...

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Sensex falls 59 points as bearish mood prevails (Lead)


May 10th, 2012 - 8:01 pm ICT by IANS
Mumbai, May 10 (IANS) Benchmark indices of Indian equities fell for the third day Thursday as concern over European economies and the depreciating rupee weighed on the markets. Metals, ... Read more...

Posted in Business |

Sensex closes 67 points down as bearish mood prevails (Roundup)


May 9th, 2012 - 7:13 pm ICT by IANS
Mumbai, May 9 (IANS) Indian equities fell for the second day Wednesday as concern over European economies and the depreciating rupee weighed on the markets. Banks, oil and gas, ... Read more...

Posted in Business |

Moody’s may downgrade India’s three top private lenders


April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...

Posted in Business |

S&P; lowers outlook on SBI, ICICI and HDFC Bank


April 25th, 2012 - 9:18 pm ICT by IANS
Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank ... Read more...

Posted in Business |

Sensex creeps up but wobbly


March 2nd, 2012 - 2:03 pm ICT by IANS
Mumbai, March 2 (IANS) A benchmark index for Indian markets Friday managed to move up around noon, after starting in the negative but continued to trade volatile. Realty stocks ... Read more...

Posted in Business |

Sensex holds on to gains, but slips from 18,000


February 29th, 2012 - 1:40 pm ICT by IANS
Mumbai, Feb 29 (IANS) A benchmark index for Indian markets Wednesday was ruling in the green, but slipped after managing to cross the 18,000 level.The 30-scrip sensitive index (Sensex) ... Read more...

Posted in Business |

For namesake’s visa, Bhajji gets a googly


February 21st, 2012 - 10:14 pm ICT by IANS
Jalandhar (Punjab), Feb 21 (IANS) Cricketer Harbhajjan Singh may have tormented many batsmen with his bowling but this is one googly he may fail to comprehend himself.Police in Jalandhar ... Read more...

Posted in Sports |

Sensex trading in the green, power, realty stocks lead


February 21st, 2012 - 1:32 pm ICT by IANS
Mumbai, Feb 21 (IANS) A benchmark index at Indian equities markets was Tuesday ruling moderately higher with the gainers led by power, realty and metal stocks. The 30-scrip ... Read more...

Posted in Business |

Man with weapons arrested in Mumbai


February 14th, 2012 - 12:43 am ICT by IANS
Mumbai, Feb 13 (IANS) Three days before the civic polls, Mumbai police Monday arrested a man with seven firearms and 12 live rounds of ammunition from a railway terminus in ... Read more...

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Indian markets quiet ahead of credit policy


January 24th, 2012 - 2:42 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets were ruling quiet in Tuesday morning trade as investors cautiously awaited the third quarterly review of the monetary policy by the Reserve ... Read more...

Posted in Business |

HDFC Bank third quarter net profit up 31.2 percent


January 19th, 2012 - 6:08 pm ICT by IANS
New Delhi, Jan 19 (IANS) India's second largest private lender, HDFC Bank, Thursday reported a 31.2 percent increase in its net profit at Rs.1,429 crore for the quarter ended Dec ... Read more...

Posted in Business |

Sensex in red, energy banking scrips under pressure


January 16th, 2012 - 1:46 pm ICT by IANS
Mumbai, Jan 16 (IANS) A benchmark index for Indian equities markets Monday was ruling in the red Monday noon, with energy and banking scrips acting as a drag. Negative ... Read more...

Posted in Business |

Robbers loot Rs.1 million


January 12th, 2012 - 10:13 pm ICT by IANS
Raipur, Jan 12 (IANS) Two robbers snatched Rs.1 million from a man in the heart of Raipur Thursday, police said.Additional Superintendent of Police Lal Umed Singh said the victim was ... Read more...

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Sensex slumps 24 percent in 2011 (Roundup)


December 30th, 2011 - 9:23 pm ICT by IANS
Mumbai, Dec 30 (IANS) Key indices of Indian equities markets lost nearly a quarter of their value in 2011 as slower growth and high inflation, coupled with a perception ... Read more...

Posted in Business |

Sensex dips 204 points; in red for fifth straight day (Roundup)


December 20th, 2011 - 7:37 pm ICT by IANS
Mumbai, Dec 20 (IANS) A benchmark index for Indian equities Tuesday closed in the red for the fifth straight day, falling 204 points on continued selling by foreign funds ... Read more...

Posted in Business |

Vodafone, HDFC Bank launch mobile banking in Rajasthan


November 26th, 2011 - 8:10 pm ICT by IANS
Chomu (Rajasthanr), Nov 26 (IANS) Leading telecom service provider Vodafone India and private lender HDFC Bank Saturday launched "m-paisa", a mobile banking service in Rajasthan to enable millions of ... Read more...

Posted in Business |

Credit card number falls as banks get cautious


November 17th, 2011 - 9:39 pm ICT by IANS
New Delhi, Nov 17 (IANS) The number of active credit cards in India has dropped by almost 35 percent in the last three years as banks withdrew cards from ... Read more...

Posted in Business |

Sensex down 73 points in volatile trade


October 31st, 2011 - 4:24 pm ICT by IANS
Mumbai, Oct 31 (IANS) Indian equities markets were trading volatile Monday afternoon with a benchmark index ruling 73 points lower than its previous close. Metals, oil and gas, ... Read more...

Posted in Business |

HDFC Bank net profit up 31.48 percent


October 19th, 2011 - 5:50 pm ICT by IANS
Mumbai, Oct 19 (IANS) The country's second largest private lender, HDFC Bank, Wednesday reported a 31.48 percent increase in net profit at Rs.1,199.35 crore in the second quarter ended Sep ... Read more...

Posted in Business |

Sensex closes 276 points lower weighed by TCS, negative cues


October 18th, 2011 - 7:21 pm ICT by IANS
Mumbai, Oct 18 (IANS) A benchmark index for Indian equities Tuesday closed 276 points down, dragged mainly by a steep fall in software exporter TCS. Negative global cues too ... Read more...

Posted in Business |

Markets end dull on volatile trading day


September 21st, 2011 - 5:27 pm ICT by IANS
Mumbai, Sep 21 (IANS) A benchmark index for Indian equities markets Wednesday closed on a dull note on a volatile trading day. Traders took a breather after a rally ... Read more...

Posted in Business |

India’s banking operations hit by nationwide staff strike (Roundup)


August 5th, 2011 - 6:22 pm ICT by IANS
Mumbai, Aug 5 (IANS) Majority of banking transactions across India were hit Friday with some one million staff striking work to protest proposals to divest government stake in these ... Read more...

Posted in Business |

India’s banking industry hit by nationwide staff strike


August 5th, 2011 - 12:01 pm ICT by IANS
Chennai/New Delhi, Aug 5 (IANS) Majority of banking transactions across India were hit Friday as some one million staff struck work to protest proposals to divest government stake in state-run ... Read more...

Posted in Business |

Nigerian held for fraud


July 30th, 2011 - 9:41 pm ICT by IANS
New Delhi, July 30 (IANS) A 25-year-old Nigerian has been arrested here on charges of duping an Indian, police said Saturday.Nnadi Chjibuzor Nicholas was arrested Friday near the Select City ... Read more...

Posted in Uncategorized |

Rate hike fears weigh Sensex, broader markets lacklustre


July 25th, 2011 - 3:20 pm ICT by IANS
Mumbai, July 25 (IANS) Fears of another rate hike by the Reserve Bank of India (RBI) kept trading at Indian equities Monday subdued with a benchmark index ruling in ... Read more...

Posted in Business |

HDFC Bank net profit rises 34 percent in first quarter


July 19th, 2011 - 4:36 pm ICT by IANS
Mumbai, July 19 (IANS) The country's second largest private lender, HDFC Bank Tuesday reported almost a 34 percent increase in net profit at Rs.1,085 crore in the first quarter ended ... Read more...

Posted in Business |

Sensex soars in afternoon trade (Lead)


May 31st, 2011 - 3:00 pm ICT by IANS
Mumbai, May 31 (IANS) A benchmark index for Indian equities markets Tuesday built on its morning gains and was ruling about 226 points higher in afternoon trade. Realty, FMCG ... Read more...

Posted in Uncategorized |

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