HDFC Bank’s market value surged by $21 billion over past year. Among 25 biggest lenders globally, no other stock commands a higher price relative to earnings.
HDFC plans to sell the shares in HDB Financial Services Ltd. and raise about Rs 100 billion, generating funds that will help it expand lending amid a crunch faced by shadow banks.
Investors are seeking safety in bigger companies amid a brewing trade conflict and elevated prices of oil.
India may be Asia’s best-performing major market this...
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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