Day: April 3, 2024

HDFC Bank: Jefferies says recent revamp plans to support growth, see 33% upside and maintains ‘Buy’ at Rs 2030HDFC Bank: Jefferies says recent revamp plans to support growth, see 33% upside and maintains ‘Buy’ at Rs 2030

HDFC Bank is revamping some parts of its top management as the bank seeks to drive growth in mortgages, where Arvind Kapil will get exclusive charge and optimise branch ramp-up where responsibilities will be split geographically. IT and Digital also get a needed direct reporting to CEO. Ramp-up of deposits and housing book will be […]

Wall Street eyes higher open as Tesla rallies; inflation data in focusWall Street eyes higher open as Tesla rallies; inflation data in focus

Wall Street’s main indexes were set to open higher on Monday following gains in megacaps led by Tesla, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve’s interest-rate path.Tesla jumped 6% in premarket trading as Morgan Stanley upgraded the EV maker to “overweight” from “equal-weight” due to potential […]