Forbes: According to the article written by Forbes columnist John Christy, the case for investing in India is a no-brainer. He also talks about how with 4,781 domestic listings, the Bombay Stock Exchange has more stocks to choose from than any other single exchange [...]
Economic Times: Citigroup has acquired a 9.27% stake in India’s HDFC. The deal will add to Citigroup’s 3.59% stake that it already has in HDFC. The Rs 3,020-crore deal, once cleared by the regulatory authorities, will make Citigroup the biggest shareholder in HDFC. Citigroup is buying the shares from UK Insurer Standard Life.
Meanwhile, [...]
The Economic Times: HDFC Bank Ltd. (NYSE: HDB) came out with strong Q4 numbers on Monday. Profit rose by 30% to $58 Million in the fiscal fourth quarter that ended March 31st. The growth in HDFC Bank’s profits were driven primarily by an asset growth of 48% and a net interest margin of [...]
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