The Board of HDFC Bank approved the sale of shares to the tune of Rs.24,000 crore. Nearly 1/3rd of this will be a placement to the parent company, HDFC, in the form of a preferential allotment. The balance will be either through placement of shares to Read more [...]

Fed Rate Hike This 25 bps could just be the beginning in a series of hikes… As the 2-day meet of the Federal Reserve concluded on Wednesday, the rate hike of 25 basis points was almost a fait accompli. Analysts and economists had long seen this coming. Read more [...]

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GDP Takeaways It may be early days to make a full year projection… The GDP for the quarter ended September 2017 came in slightly better at 6.3%. This surely looks flattering when compared to the 5.7% level touched in the June quarter. But GVA (excluding Read more [...]