TCS most valuable Indian brand; HDFC Bank, Infosys in top 3
Overall value of the most valuable Indian brands is down 4% on 2022 levels, though a relatively small dip compared global brands, says Kantar BrandZ Top 75 report
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September 2023
July 2023
June 2023
HDFC twins merger: Here’s how HDFC Bank traded on Day 1 post amalgamation
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
HDFC Bank Makes A Splash
Bank reports bumper profits as single-minded focus on customer acquisition pays off.
HDFC Bank Q1 advances grow 15.8%; deposits up 19.2%
The merged entity’s gross advances grew 13.1% YoY to ₹22.45 lakh crore, while deposits rose 16.2% YoY to ₹20.63 lakh crore.
HDFC effect: LTImindtree, Jindal Steel, Mankind Pharma surge up to 3%
Snapping five sessions gaining streak, shares of HDFC and HDFC Bank fell over 3% each as investors resorted to profit booking after recent rally.
LTIMindtree to replace HDFC in Nifty 50 from July 13
In the Nifty 100 index, HDFC will be replaced by Jindal Steel, and by Mankind Pharma in Nifty 500 index.
After HDFC twins, IDFC First Bank approves merger with IDFC; stock tanks 6%
IDFC First Bank says merger to create an institution with diversified public and institutional shareholders; standalone book value per share of bank to increase by 4.9%
HDFC twins hit 52-week highs post merger; surge up to 4%
The HDFC twins have been rising for the last four sessions and gained up to 7.5% each during the same period.
HDFC chairman Deepak Parekh announces retirement ahead of merger
“It is my time to hang my boots with both anticipation and hope for the future," says Parekh in his last letter to HDFC’s shareholders.
HDFC-HDFC Bank merger to take place on July 1; HDFC to delist on July 13
According to Deepak Parekh, Chairman, HDFC Ltd., all regulatory approvals have been taken and the board of both entities will meet on June 30, after market hours to approve the merger.
