Jefferies has retained a ‘Buy’ rating for HDFC Bank with a target price of Rs 2,030. This revised target sees a 33% upside target. The share price of HDFC Bank gained 0.46% to 1,534 during the intra-day trade on Thursday. “Over the next three years, we expect HDFC Bank to deliver 16-17% Cagr in earnings […]
Month: December 2022
Private equities, Venture Capitals cash in on market rallyPrivate equities, Venture Capitals cash in on market rally
Offers for sale by private equity (P/E) and venture capital (VC) firms have been significantly higher than fresh issuances of capital between 2018 and 2023. Sales by PEs and VCs amounted to around $26 billion compared with about $10.4 bn worth of capital issuances, according to an analysis by Kotak Institutional Equities (KIE). In 2023 […]
Heatwave in Delhi: IMD issues warning for Delhi-NCR and adjoining areas – See PhotosHeatwave in Delhi: IMD issues warning for Delhi-NCR and adjoining areas – See Photos
1/6 The Indian Meteorological Department (IMD) has issued a heat wave warning for Delhi-NCR and adjoining areas on Monday. It has also predicted strong surface winds reaching speeds of 25-35 kilometres per hour during the day. (PTI photo) 2/6 On Sunday, the maximum temperature has breached the 45-degrees-Celsius mark in parts of national capital with […]
Global Markets: Asian shares hit two-week high on Fed pause bets, China boostGlobal Markets: Asian shares hit two-week high on Fed pause bets, China boost
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on […]
IPL 2023: CSK’s glorious win over GT, Dhoni’s heart-breaking retirement remark – This Finale had it all! See PhotosIPL 2023: CSK’s glorious win over GT, Dhoni’s heart-breaking retirement remark – This Finale had it all! See Photos
1/10 Chennai Super Kings victory over Gujarat Titans in the IPL season 2023 was arguably the most bitter-sweet moment in the history of Indian Cricket. While CSK fans couldn’t stop basking in the glory of Chennai’s IPL win, the finale also felt like a heart-breaking goodbye to one of the most famous and loved Cricketer […]
Rating: NEUTRAL; HDFC Life: Focus on innovative products & superior serviceRating: NEUTRAL; HDFC Life: Focus on innovative products & superior service
HDFC Life Insurance reported a decent performance in 2QFY24, with annualised premium equivalent (APE) in line with our projections at Rs 30.5 billion, representing a 7% y-o-y increase. However, there was a slight 3.4% shortfall in value of new business (VNB) and a 40 bps decrease in VNB margins. The APE growth of 7% y-o-y […]
Bandhan Bank: Jefferies recommends Buy, price target at Rs 280 with 10% upsideBandhan Bank: Jefferies recommends Buy, price target at Rs 280 with 10% upside
Jeffries sees a 10% upside potential in Bandhan Bank on account of the bank’s improving loan, deposit growth and steady collections in Q2 FY24. Jefferies has given a ‘Buy’ rating on the scrip with an upside target price of Rs 280. “In 2QFY24, Bandhan Bank’s loan growth improved to 12% year-on-year vs. 7% in 1Q. […]
Programmed into every job: The future of work will be about humans and machines working in tandemProgrammed into every job: The future of work will be about humans and machines working in tandem
Siddharth Pai Workers in the information technology (IT) industry worry about the decline in computer programming jobs due to the rise of automation and artificial intelligence (AI). Many former stalwarts are spelling doom for the industry. Consulting house McKinsey made a prediction circa 2018 that was even more dire, and which encompassed more than just […]
Valiant Lab IPO subscribed 2.17 times on third day of biddingValiant Lab IPO subscribed 2.17 times on third day of bidding
The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 2.17 times on the third day of bidding on Friday. The initial share sale received bids for 1,65,77,925 shares against 76,23,030 shares on offer, as per NSE data. Price range for the offer is Rs 133-140 a share. The IPO is […]
The Galaxy S24 series is officially launching on January 17, Samsung confirmsThe Galaxy S24 series is officially launching on January 17, Samsung confirms
The Galaxy S24 series will launch globally on January 17, 2024, Samsung announced today. Interestingly, the “Galaxy Unpacked 2024” launch event is taking place in San Jose, not too far from Cupertino, Apple’s HQ. It could mean nothing, and yet something, even as Samsung promises to unleash the “most intelligent mobile experience yet” putting Generative […]