Updates Financial News

HDFC Bank rallied 7% on the New York Stock Exchange on Thursday, buoyed by the encouraging numbers for the March quarter. HDFC Bank ADRs were trading at $60.2, up nearly 7% from the previous close. Back home, shares of the private sector lender ended 3% higher on the National Stock Exchange at Rs 1,529.

₹1.7 trillion deposits in the fourth quarter, taking the total amount of deposits raised in FY24 to ₹3.5 trillion. Of the ₹1.7 trillion deposits mobilized in Q4, 77% were retail deposits, the bank clarified. The total deposit book stood at ₹23.8 trillion at the end of March.

HDFC Bank as of March 2024 quarter at 47.83 per cent, declined from 52.39 per cent in the December 2023 quarter. Arora took to social media platform ‘X’ and said, ‘’If HDFC Bank had requested all the FIIs together would have been happy to sell another five bps of stock to satisfy MSCI's bureaucratic requirement.'' Also Read: HDFC Bank: FII ownership declines to 47.8% in the March' 2024 quarter from 52.3% at the end of December'2023 quarter ‘’Imagine- if FIIs had sold five bps more of HDFC Bank in the first quarter, it would have led to billions of dollars of buying in the stock.

HDFC Bank dropped to 47.83 per cent in March 2024 quarter from 52.39 per cent in the December quarter. An American Depositary Receipt or ADR is like a special certificate issued by a US bank, and it represents the shares of a foreign company.

Avenue Supermarts, which operates the retail chain of DMart, saw its shares zoom 5.8% to hit a new one-year high of ₹4,715 apiece in today's trading before finishing the trade at ₹4,645 apiece, up 4.13%. Investor sentiment was buoyed by the company's impressive business update for the fourth quarter of FY24, which garnered positive attention from market participants. The upbeat performance of Avenue Supermart's shares has significantly boosted the notional value of stakes held by Radhakishan Damani and his family, who are the promoters of the company.

Urban Cruiser Taisor, the brand's newest SUV offering. In a strategic move, Toyota has opted for collaboration with Maruti Suzuki, releasing the Taisor as its fourth rebadged vehicle from the Maruti lineup. This partnership underscores Toyota's commitment to expanding its footprint in India's competitive automotive landscape.

Nagarjuna Fertilizers and Chemicals Ltd.(up 4.88%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 4.02%), Bohra Industries Ltd.(up 3.95%), Mangalore Chemicals & Fertilizers Ltd.(up 3.25%), Paradeep Phosphates Ltd.(up 2.15%), Zuari Agro Chemicals Ltd.(up 1.39%), Sikko Industries Ltd.(up 1.02%), Aries Agro Ltd.(up 0.96%), The Fertilisers and Chemicals Travancore Ltd.(up 0.38%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.26%) stood among the top gainers.

Shares of Bandhan Bank Ltd.(up 3.92 per cent), HDFC Bank Ltd.(up 3.06 per cent), Au Small Finance Bank Ltd.(up 2.63 per cent), IDFC First Bank Ltd.(up 1.34 per cent) and Kotak Mahindra Bank Ltd.(up 1.04 per cent) ended the day as top gainers in the pack.

Bank of India revises FD rates: BOI has updated its fixed deposit interest rates for deposits below ₹2 crore. Following the revision, the bank now provides interest rates ranging from 3% to 7.25% for deposit periods spanning from 7 days to 10 years. These rates are effective from 1 April 2024. Senior citizens receive an extra 50 basis points (bps) on tenors of 6 months and above, while super senior citizens are granted an additional 65 bps. For deposits below ₹2 crore and tenors of 3 years and above, senior citizens receive an additional premium of 25 bps, totaling 75 bps. Similarly, super senior citizens are offered an additional premium of 25 bps, totaling 90 bps.

Indian stock market today: A total of 3 stocks have been banned for trade on Thursday, April 4, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

GE Power India, a prominent player in India's power generation equipment market, witnessed an 11.8% surge in its shares, reaching a 34-month high of ₹371 apiece in today's intraday trading session following the announcement of significant orders. This uptrend marks the stock's sixth consecutive trading session of gains, totaling a cumulative increase of 45%. In a regulatory filing on Wednesday, the company said that it secured orders from Jaiprakash Power Ventures worth ₹774.9 crore.

Lok Sabha Elections 2024 LIVE Updates: The Cooch Behar constituency is gearing up for a fiery Lok Sabha campaign on Thursday, with back-to-back rallies by PM Modi Modi and Chief Minister Mamata Banerjee. Prime Minister Narendra Modi will address a public rally in West Bengal's Cooch Behar as a part of BJP's Lok Sabha campaign today. Soon after, Bengal CM Mamata Banerjee will also campaign for the Trinamool Congress in the Mathabhanga area of Cooch Behar district.

Au Small Finance Bank Ltd.(up 5.53 per cent), Bandhan Bank Ltd.(up 3.63 per cent), HDFC Bank Ltd.(up 1.9 per cent), IDFC First Bank Ltd.(up 1.6 per cent) and Kotak Mahindra Bank Ltd.(up 0.42 per cent) were among the top gainers.

«There is work that is being done on the charging infrastructure. Charging infrastructure needs a lot more work to do and we are also doing some work in that area,» says Ravi Pandit, Chairman, KPIT Technologies. Can you outline for the benefit of our viewers that how has KPIT benefited because of EVs? How much of your total business is coming from EVs? And do you think EV is not just a fad, it is a real deal? We believe that EV is not a fad. EV is actually a complete structural change in the auto industry. Now, there are two-three things which are driving growth for a company like us. One is that EV by itself is a change in the powertrain. So, how do you have a new powertrain, whether it is a battery electric or a fuel cell electric and technologies relating to that, so that is one thing which is really purely related to EV as such.

₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. On a sequential basis, the advances of HDFC Bank, the largest private sector bank in India, grew 1.6% from ₹24.69 lakh crore in December 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 53.8% over March 31, 2023, and around 1.9% ( ₹472 billion) over December 31, 2023, HDFC Bank said in a BSE filing on Thursday.

1. Kolkata Knight Riders (KKR): After yesterday's clash against the SC,Shreyas Iyer's Kolkata Knight Riders has emerged at the top spot on the the points table. Overall, KKR registered 272 runs in 20 overs against Delhi Capitals.

Taiwan earthquake: 9 killed, over 1,000 injured after massive quake in Taipei; hotel workers missing | Top 10 updates "Rescue operations began around 6.30 pm. Police teams, revenue officials, members of taluk panchayat and officials from the fire and emergency services department are here at the spot.

Taiwan on Wednesday morning. Around 42 workers on their way to a hotel in a national park went missing in the rubble, Reuters reported. Here are top 10 updates on Taiwan earthquake, 1) Two Indians — a man and a woman — have been reported missing after the earthquake.

Netflix is keenly awaited by show's fans and OTT streaming giant users. The Netflix Original action-comedy series was renewed during Netflix Tudum in June last year. This came after 'FUBAR' Season 1 made its mark on the viewers' ratings on the OTT streaming giant following its debut on May 25. Arnold Schwarzenegger as Luke Brunner is returning. The filming of the Netflix show is scheduled to begin April 29 and conclude by August-end, as per a report in WhatsonNetflix.

Stocks that are trading heavily or have substantial price changes on Wednesday: Signet Jewelers, Cal-Maine Foods rise; Intel Paramount Global fall

Read full story) The Indian Premier League's (IPL) KKR vs DC began today after Shreyas Iyer-led Kolkata Knight Riders won the toss and decided to bat first against Rishabh Pant-led Delhi Capitals. IPL DC vs KKR Live Updates Both teams have played nearly 32 matches with each other at the IPL tournaments.