Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.» Read More
Once investments take off in India, the economy could see 'much higher and sustainable growth rates', says Keki Mistry, CFO of HDFC
A plan to raise the foreign ownership cap for insurance companies shows how hard it will be for Prime Minister Modi to enact reforms. The FT reports.
Economic growth in Asia's third largest economy has bottomed out, said the managing director of HDFC Bank, India's second-largest lender in the private sector.
Regardless of India's election outcome, Aditya Puri, Managing Director of HDFC Bank, expects stronger growth next year.
Keki Mistry, CEO of Housing Development Finance Corporation, says the company is still on track to meet its loan growth targets, and talks about the places where the growth will come from.
Despite the rupee crisis, India's corporate sector remains blessed by the continued faith of foreign investors in many of its leading companies.
Analysts are announcing ever-more-dire pronouncements on the country's prospects. And yet some foreign investors are not only ignoring the warnings, they are buying more shares.
A day of reckoning awaits the stock market rally, but not just yet, StockMonster's Guy Adami says.
NEW DELHI/ MUMBAI, Oct 29- India's government vowed on Monday to rein in the country's hefty fiscal deficit, increasing the pressure on the central bank on the eve of its next policy meeting to cut interest rates for the first time since April.
BEELAHERI, India, Oct 25,- India is shaking up the way it gets billions of welfare dollars to the poor with a plan that could one day reshape the economy and tackle graft keeping millions in poverty, but in one small town a pilot of the new system is proving unpopular.
MUMBAI, Oct 12- Indian shares snapped a five-week streak of gains on Friday as bellwether Infosys Ltd. Worries that India would post high inflation data on Monday and erode prospects of interest rates cut from the central bank at the end of the month hit financial stocks such as ICICI Bank.
falls 0.66 percent while the 50- share NSE index is down 0.56 percent heading to their first weekly fall after five weeks of straight gains. drops 5.5 percent after disappointing investors with weaker-than-expected margins and took a conservative view on its full-year earnings.
MUMBAI, Oct 12- India's HDFC Bank Ltd will consider reviewing the bank's base rate at some point during the current quarter as deposit costs have come down, Executive Director Paresh Sukhtankar said on Friday.
Oct 12- HDFC Bank, India's No.3 lender, met forecasts with a 30 percent year-on-year rise in second quarter profit, led by stronger loan growth, greater fee income and stable net interest margins.
Oct 12- HDFC Bank, India's No.3 lender, met forecasts with a 30 percent rise in quarterly profit, led by stronger loan growth, better fee income and stable net interest margins.
MUMBAI, Oct 12- India's industrial production rose by a higher-than-expected 2.7 percent in August from a year earlier, after contracting in July. Analysts polled by Reuters had expected a rise of 1.1 percent in August output. COMMENTARY RAJEEV MALIK, SENIOR ECONOMIST, CLSA, SINGAPORE.
MUMBAI, Oct 12- India's industrial production rose by a higher-than-expected 2.7 percent in August from a year earlier, after contracting in July. COMMENTARY JYOTINDER KAUR, ECONOMIST, HDFC BANK, NEW DELHI. RADHIKA RAO, ECONOMIST, FORECAST PTE., SINGAPORE.
The company also said revenue growth forecast for the current fiscal year that ends in March 2013 does not include the revenue from Lodestone Holding AG. India's benchmark 10- year bond yield. India's benchmark 5- year OIS up 3 bp at 7.00 percent, while the 1- year rate up 1 bp at 7.61 percent.
,India's No.2 software exporter, falls 6.9 percent after the company's revenue growth forecast for the fiscal year that ends in March failed to meet market expectations. *However, the company's revenue growth forecast for the current fiscal year does not include the revenue from Lodestone Holding AG, Chief Financial Officer V. Balakrishnan said on Friday.
*Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.