July 23 – Australian shares rose on Tuesday to snap a three-session losing streak, with banking and technology stocks leading the rebound, while Lynas Rare Earths and Woodside emerged as the top losers after reporting dismal quarterly updates. The S&P/ASX 200 index climbed 0.6% to 7,976.5 by 0028 GMT. The […]
Banking
India’s biggest private lender, HDFC Bank Ltd, announced on Saturday, July 20, that its Board of Directors has approved in principle to initiate the public listing of its subsidiary HDB Financial Services (HDBFS) through the initial public offering (IPO) process, reported CNBC-TV18 after the company released its April to June […]
The first reaction to the general election result was negative with a 5.9% decline in the Nifty index on June 4, though the market ended last quarter up 9.7% from where it closed that day. The initial reaction was no surprise since the failure of the BJP to obtain the […]
Other factors have also been at play. According to Dhiraj Relli, MD & CEO of HDFC Securities, the gradual rise of the market over the past few days has been fed by participants wary of high valuations. Relli said they also fear sharp profit booking before or after the budget, […]