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HDFC gains 10% in two days on improved asset quality in September quarter

HDFC gains 10% in two days on improved asset quality in September quarter

Shares of Housing Development Finance Corporation (HDFC) rose nearly 4 per cent at Rs 2,116 on the BSE on Tuesday, thus gaining 10 per cent in past two days after the company reported higher than estimated September quarter (Q2FY21) numbers, led by improvement in asset quality and steady assets under management (AUM) growth.

The stock of the housing finance company was trading at its highest level since March 13, 2020. In past one month, it outperformed the market by gaining 18 per cent, as compared to 3.7 per cent rise in the S&P BSE Sensex.

Tata Motors advances 3% as domestic sales increase 27% YoY in October

Tata Motors advances 3% as domestic sales increase 27% YoY in October

Shares of Tata Motors gained over 3 per cent to Rs 137.35 apiece on the BSE on Tuesday, a day after the auto major reported 27 per cent growth in its total domestic sales to 49,669 units in October.

The company had sold 39,152 vehicles in October 2019. Passenger vehicle sales during the previous month surged 79 per cent to 23,617 cars as compared to 13,169 units in October 2019.

Two dead, including one suspect; 15 wounded in Vienna 'terror' attack

Two dead, including one suspect; 15 wounded in Vienna 'terror' attack

Two people have been killed after multiple gunmen opened fire across central Vienna on Monday, and at least one attacker remained on the run after what Chancellor Sebastian Kurz described as a repulsive terrorist attack.

Interior Minister Karl Nehammer warned people to stay away from the centre of the city, adding that border checks were being reinforced and that children would not be required to attend school on Tuesday.

Islamic State claims responsibility for Kabul University attack

Islamic State claims responsibility for Kabul University attack

Islamic State claimed responsibility for an attack on Kabul University on Monday that killed 22 people including students, the jihadist group's Amaq News Agency said.

Amaq said the gunmen targeted a gathering being held to mark the completion of a training course at the university.

Voting underway for bypolls on 54 Assembly seats in 10 states

Voting underway for bypolls on 54 Assembly seats in 10 states

Voting began for by-elections on 54 Assembly seats spread across 10 states on Tuesday morning.

A total of 28 seats in Madhya Pradesh, 8 in Gujarat, 7 in Uttar Pradesh, 2 each in Odisha, Nagaland, Karnataka and Jharkhand, and one seat each in Chhattisgarh, Telangana and Haryana going to polls today.

No improvement in Delhi's air quality, AQI remains 'very poor'

No improvement in Delhi's air quality, AQI remains 'very poor'

There has been no improvement in Delhi's air quality as the city witnessed a thick layer of smog on Tuesday morning. The national capital's Air Quality Index (AQI) remained in the 'very poor' category for the fourth consecutive day.

As per data from the Central Pollution Control Board (CPCB), AQI in Delhi stood at 310 on Tuesday morning.

US polls: Biden reveals names of major bundlers, including Indian Americans

US polls: Biden reveals names of major bundlers, including Indian Americans

Democratic presidential candidate Joe Biden on Sunday released the names of its major fundraisers, including Indian Americans, who helped raise at least USD 100,000 for his campaign this year.

The list of 800 major donors includes a few dozen Indian Americans. Topping the list of Indian Americans are well known community leaders Swadesh Chatterjee, Rameshk Kapoor, Shekar N Narasimhan, R Rangaswami, Ajay Jain Bhutoria, and Frank Islam.

Reliance Industries slips 5.5% post Q2 results, hits over three-month low

Reliance Industries slips 5.5% post Q2 results, hits over three-month low

Shares of Reliance Industries hit an over three-month low, falling 5.5 per cent to Rs 1,940.5, on the BSE in the early morning trade on Monday after it reported a 15.1 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 9,567 crore for the September-ended quarter (Q2FY21). Consolidated net revenue also dipped 25.7 per cent YoY to Rs 1.11 trillion owing to weak performance in the refining, petrochemicals, and retail businesses.

ICICI Bank surges 7% on six-fold jump in profit for September quarter

ICICI Bank surges 7% on six-fold jump in profit for September quarter

Shares ICICI Bank leapt 7 per cent to Rs 418.65 on the BSE on Monday after the lender reported six-fold jump in standalone net profit at Rs 4,251 crore in quarter ended September 2020 (Q2FY21) on account of growth in net interest income (NII) and lower credit cost as the bank did not make Covid-related provisions. It had posted a net profit of Rs 654.9 crore in the July-September 2019 (Q2FY20).

After 26 yrs as HDFC Bank boss, Aditya Puri joins Carlyle as senior advisor

After 26 yrs as HDFC Bank boss, Aditya Puri joins Carlyle as senior advisor

Soon after completing 26 year-long innings as HDFC Bank chief executive, Aditya Puri is now donning hat as senior advisor at global investment firm Carlyle. Puri will advise the Carlyle team on investment opportunities across Asia.

He will provide guidance on the evolving market landscape and new investment opportunities, Carlyle said in a statement.

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