Motilal Oswal Financial Services has a ‘buy’ recommendation on JSW Infrastructure, the second largest private port operator in India with a target price of Rs 375 (+16%). At 22% growth in cargo volumes in FY18-24, the company has significantly outpaced industry growth of about 4%. It plans to expand capacity significantly by FY2030 and has…
The overnight MCLR at HDFC Bank has risen by 5 bps, moving from 9.15% to 9.20%. HDFC Bank Loan Rates: HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) for short-term periods by up to 5 basis points (bps). The revised HDFC Bank MCLR interest rates now span from 9.20% to 9.50%….
Stock Market Today: The Indian equity benchmark indices, BSE Sensex and Nifty50, faced significant losses on Tuesday due to a massive outflow of foreign funds from the capital markets and weak global equities.The BSE Sensex dropped 930.55 points or 1.15 per cent to settle at 80,220.72, while the Nifty50 declined 309 points or 1.25 per…
Representative image Shares of Tata Group company Trent rallied 7.3% to its new all-time high of Rs 7,998 on the BSE today after launching its new lab-grown diamond (LGD) brand ‘Pome’ in Westside stores. Currently, the brand has been launched in select Westside stores in Mumbai, Bengaluru, Hyderabad and Gurgaon). This seems like a pilot…
HDFC Bank has increased lending rates by 5 bps on the 6-month and 3-year tenures. HDFC Bank Loan Rates: HDFC Bank has raised its marginal cost of funds-based lending rates (MCLR) on two tenures by a maximum of 5 basis points (bps). Following the adjustment, HDFC Bank’s MCLR interest rates will range from 9.10% to…
A viral Reddit post shows a user claiming he bought an Apple iPhone 16 for just Rs 27,000 by using credit card reward points. The user shared a screenshot indicating Rs 62,930 of the total price was covered by accumulated points on an HDFC Infinia credit card. A Reddit user’s post claiming he got Apple…
Highest fixed deposit rates: State Bank of India hiked its fixed deposit rates for certain terms under one year, effective May 15, 2024. HDFC Bank, Canara Bank, and ICICI Bank made changes to their FD rates in February 2024, while Axis Bank updated its rates in May, and PNB did so in April 2024. Here…
NEW DELHI: HDFC Bank posted smaller-than-expected quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the financial year 2023-24 (FY24) on Saturday. This marks a 0.84 per cent jump when compared to Rs 16,373 crore clocked in the previous quarter.However, the quarterly profit of the largest private lender is below analysts’…
MUMBAI: HDFC Bank has reported a record addition of Rs 1.66 lakh crore in deposits for the quarter ended March 2024, in an attempt to bridge the gap between its loan book and deposits following the merger of HDFC with itself. A significant 77% of the incremental deposits (Rs 1.28 lakh crore) came from retail…
