HDFC Bank offers an interest rate of 7.20 per cent for fixed deposits maturing in 35 months, and 7.25 per cent for deposits maturing in 55 months. Before you rush to book your FD, take a minute to understand these HDFC Bank special edition FDs and compare it with other safer options like post office time deposits and National Savings Certificate (NSC).

The platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and settlement arrangements are carried out through banks' overseas nostro accounts that are bound by weekends and currency holidays, JP Morgan said.

​​Since many of these blue chips are well-researched and widely-owned, ET looked into Goldmans picks in the mid-cap space that it considers will multiply in value over the next few years.

On Monday, Indian equity indices ended higher, still dominated by bulls for the second straight session. Index heavyweights Reliance Industries, ICICI Bank, and M&M stocks performed well amid a positive trend in global markets. Vinod Nair, Head of Research at Geojit Financial Services, said investors are confident about India's growth prospects, helped by strong domestic PMI figures, sequential auto sales growth, and bank credit expansion. The broader markets underperformed. Meanwhile, Western stock markets struggled to hold on to gains.

This is the third major change at the top for the New Delhi-based fintech after its cofounders Ashneer Grover and Bhavik Koladiya left the company.

Jefferies' coverage universe of domestic companies reported a 30% YoY growth in fourth-quarter earnings, led by a strong financial performance. Meanwhile, revenue growth remained at mid-teen levels during the quarter. The brokerage is bullish on cyclicals, citing over 40% growth in property sales and cap-good order flow. Following the quarter, Jefferies raised FY24 estimates for 45% of 136 companies, while 51% were downgraded. Banks reported a 46% growth in earnings, while autos and pharma firms also saw positive results. However, IT firms had a weak quarter, with significant revenue misses and weak guidance for FY24 revenues.

Asian stocks followed Wall Street higher on Monday after strong US hiring data suggested a possible recession might be further away and that the US Fed would pause rate hikes this month.

Under the existing settlement system, it could take a few hours for the settlement to complete. Moreover, transactions are not settled on Saturdays and Sundays or public holidays. The real-time blockchain-backed system will remove this hindrance to make it available round-the-clock.

Consumer Internet group InfoEdge has initiated a forensic audit of its portfolio company 4B Networks founded by Yadav for not disclosing details of financial transactions and related-party activities when asked for by the investor. In a stock exchange filing, InfoEdge said it hired Deloitte to conduct a forensic audit of the property-tech startup.

Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the countrys shares last month, the most since August, according to Bloomberg. The purchases continued for 24 consecutive days, the longest string since August last year. The surge in investment has propelled Indian equities to the top of emerging Asia's leaderboard, with the Nifty 50 Index up over 6%. The robust growth of the Indian economy is a significant selling point for foreign investors, particularly with China exhibiting less momentum and fears growing in the US of an economic downturn.

The donation is the largest made under corporate social responsibility (CSR) by any Indian firm towards cancer care. TMC will become the referral centres for southern and northern India, providing therapy to almost 25,000 new patients annually equipped with high-end radiology machines and specialised multidisciplinary teams. The bank will allocate almost 50% of its CSR funds to support this initiative in the next three years, likely to be completed by 2027.

ICICI will donate the money from its CSR funds to set up three new buildings spanning over a combined area of 7.5 lakh square feet and equip them with high end radiology machines, at TMCs centres in Navi Mumbai, Maharashtra, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.

As part of the commitment from ICICI Foundation, three new facilities will be built in Navi Mumbai's Kharghar on the outskirts of the financial capital, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.

​Obviously, the move from key pivot levels on the OEM methodology is a little bit on the higher side. And therefore, pullbacks are something that are warranted. I think these are the few of these names that we like from the financial universe on the OEM.

Indian benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Thursday due to selling in banking, metal, and energy counters amid a mixed trend in global markets. The 30-share BSE Sensex declined by 194 points to settle at 62,428.54, marking the second consecutive day of losses. While investors turned cautious about inflationary pressure in the US after raising the US debt ceiling, the domestic market displayed better than estimated Q4 earnings growth and 7.2% GDP growth in FY23.

Rajiv Jain, chief investment officer at GQG Partners, has reaffirmed his fund's commitment to India, holding around $13bn in the country's stocks, despite broader investor worries about corporate governance and political risk. Jain added that he and his colleagues were looking to buy more, with Indian infrastructural projects presenting new opportunities. He also defended his decisions to invest some $2.5bn into beleaguered conglomerate Adani Group.

The debt issue is part of the ₹57,000 crore fundraising plan approved by HDFC's board of directors at its meeting held on March 27, 2023.

To get an education loan, you first need to secure admission to an accredited college or university. First, you need to check with the lender if the course or university you are planning to attend is on its approved list. One should keep in mind that while public sector banks typically offer a lower rate of interest, private lenders score on convenience and quick disbursal. So, which one should you go for?

In a similar move, ICICI Bank this week approved a proposal to increase its shareholding in ICICI Lombard General Insurance, aiming to establish the company as a subsidiary of India's second-biggest lender by market capitalisation.

Indian equity benchmarks closed higher for the fourth consecutive day on Tuesday, supported by gains in banking, financial, capital goods, and industrial stocks, amid positive Q4 results and expectations of a normal monsoon season. The RBI annual report also suggested that India remains in an advantageous position, despite the uncertain global outlook. The Nifty rose 0.2% to close above 18,633, while the Sensex gained 123 points. The US and European markets remained cautious, with the Nasdaq closing higher. The MACD showed bullish trades on Tata Steel, Marksans Pharma, REC, NTPC, and India Cements, while Samvardhana Motherson, Stove Kraft, DLF, Apollo Hospitals, and GMDC saw bearish signs.

Banking and financial stocks are not expected to have a smooth ride as market experts hold contrarian views on the ability of the sector to sustain growth, despite Jefferies' Global Head of Equities Christopher Wood adding Axis Bank to his India Long-only portfolio in May. Small case managers and investors suggest asset quality and margin issues for some banks while FidelFolio Investments' Founder Kislay Upadhyay predicted a high interest rate scenario would impact access to capital, curb the ability to grow and maintain capital efficiency. Meanwhile, Devendra Phadk at Purnartha Investment Advisers said credit penetration at society's lowest strata has increased considerably over the last decade, which could cause credit issues both at the retail and enterprise levels.

The deadline to deposit, exchange Rs 2000 is September 30, 2023, according to the Reserve Bank of India (RBI).

Coin vending machines that use QR codes will soon be accessible in 12 cities, according to Shaktikanta Das. According to the governor of the RBI, this will make it simpler to get coinage and distribute coins using machines.

​So maybe I am not a very big fan of buying commodities because commodity assumes a bigger amount of cycles. But I feel that I think when given opportunity corrected prices I think if the stocks are available in the course of its journey, probably one could buy them at lows.

We have witnessed a strong rally in equities since April 2023 after lacklustre market returns over the last 18-24 months. After two years of subdued returns, we could witness strong returns this year or the next.

In a disclosure filed with the stock exchanges on March 10, ICICI Bank had said that it had received an extension from the Reserve Bank of India (RBI) for divesting its shareholding in ICICI Lombard General Insurance Company Limited.

Benchmark stock indices Sensex and Nifty climbed for a third day in a row, led by continuous foreign inflows and optimistic US market trends following the deal on the US debt ceiling. Nifty gained 100 points or 0.5%, almost reaching 18,600 points, while Sensex rose by 345 points to settle at 62,846.38. Only IT and oil and gas sectors underperformed while Bank Nifty remained bullish. Analysts expect Nifty to witness small profit booking due to a bearish harmonic deep crab pattern that formed on hourly charts, but the market breadth remains bullish.

Avijit Saha will be joining the company as the CEO and will be co-investing in partnership with Warburg Pincus. Warburg Pincus, the US-based private equity firm, has acquired a controlling stake in Vistaar Finance, an NBFC lending to MSMEs in India in partnership with ICICI Bank veteran Avijit Saha. The PE fund and Saha acquired about 95% stake in Vistaar for Rs 2,500 crore

In the Sensex pack, M&M, Titan, and Tata Steel were the gainers, rising 2-3%. HDFC, UltraTech Cement, SBI, ITC, and IndusInd Bank also closed with gains. On the flip side, HCL Tech, Power Grid, Maruti, Wipro, TCS, and ICICI Bank closed with cuts.

Three stocks including State Bank of India, ICICI Bank Ltd and Kotak Mahindra Bank accounted for over 60 percent of the increase in the Nifty Bank’s market capitalisation over the past two months

ICICI Lombard General Insurance shares surged by 14% in early trading on Monday following ICICI Bank's announcement that it will acquire an additional 4% stake in the insurance firm. ICICI Bank intends to purchase a minimum of 2.5% of the stake before 9th September 2024. ICICI Lombard's shares hit a 52-week low in March but have since rebounded, gaining over 13% in the last month, although the stock has underperformed the Nifty50. ICICI Lombard currently has a market capitalisation in excess of 60,568 crore RS.

I would say that for people who are willing to take a contrarian bet and looking to buy into some pharma or some stocks I think Reliance is a better opportunity because Reliance does have triggers going for it in several of its businesses and it has also underperformed significantly

Nifty Bank soared to a new record high on Monday, crossing the 44,400 level, due to non-stop buying by foreign institutional investors and optimism surrounding the US debt ceiling deal. The banking index has rallied around 400 points, while Nifty50 and Sensex are approaching their previous peaks. HDFC twins were the biggest contributors to the upside in both Sensex and Nifty, and all 12 counters in the banking index were in the green. Analysts warn against the urge to buy on the higher side, with valuations difficult to justify at higher market levels and the possibility of selling pressure.

The bank owns 48.02 percent in the general insurance arm and it plans to acquire at least 2.5 percent of the 4 percent by September 9, 2024

The combined market valuation of seven of the top-ten most valued firms jumped Rs 1,51,140.39 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion

Options trader PR Sundar has settled a case with the markets regulator SEBI by returning the advisory fee and disgorging over Rs 6 crore. The case was related to Mansun Consulting offering investment advice without the necessary registration from the market regulator. Following various complaints, SEBI issued show cause notices to the entities. The settlement was agreed upon by the entities, with a settlement amount of Rs 15.6 lakh each, and a disgorgement amount of Rs 6.07 crore, among other penalties. The entities have also agreed to refrain from buying, selling, or otherwise dealing in securities in India for a year.

The Liquidity Coverage Ratio (LCR) is one of the key ways to analyze a bank's liquidity and to ensure its ability to withstand unforeseen situations by holding sufficient liquidity. It is calculated by dividing a bank's high-quality liquid assets by its total net cash outflows, and it reflects the sufficiency of assets a bank has to handle unexpected situations. The LCR ensures that a bank has the necessary cash to meet cash outflows over a 30-day period, allowing for the bank's customers' protection while maintaining stability. Moreover, banks and investors can access the LCR reports of banks quarterly, making it easier to evaluate their strength and resilience.

The Reserve Bank of India (RBI) has asked the banks to provide the exchange facility of Rs 2000 banknotes as per the bank's existing norms. Hence, every bank is following their own policies while facilitating the exchange facility of Rs 2000 notes. Read on to know which banks are not asking for ID proof to exchange Rs 2000 note and which banks are not.

Options trader P R Sundar settled a case with Sebi by returning the advisory fee and disgorging over Rs 6 crore. This was related to Mansun Consulting, of which he is a promoter, offering investment advice without registration. Sebi found various complaints about Sunar running a website and offering packages for advisory services, which were communicated to clients. Upon inquiry, recommendations provided by Mansun were found to fall under the category of "investment advice".The entities agreed to pay Rs 46.8 lakh and a disgorgement amount of Rs 6.07 crore, along with refraining from dealing in securities in India for a year.

The central bank urged the public to deposit Rs 2,000 banknotes into their accounts or exchange them for other denominations. Many banks have set certain rules around deposits and exchanges of Rs 2000 banknotes.

​So, I believe that yes, this rally is likely to be extended towards 18,600 and 18,800 level. The only concern point is the Bank Nifty. Bank Nifty still is just facing a very strong resistance level nearby 44,000 levels. If it surpasses that level, then definitely it will help Nifty to get on the higher side.

From the Sensex pack, NTPC, HCL Tech, Infosys, Tech Mahindra, Wipro and Reliance opened with gains, while Sun Pharma, IndusInd Bank, Power Grid, Axis Bank, and ICICI Bank were trading with cuts.

On Thursday, when the NSE's May contracts expired, traders cut their bearish bets and carried forward bullish positions, helping the benchmark indices eke out gains in a late rally after trading lower for most of the trading session.

The NSE Nifty index closed 62.6 points down at 18285.4

BEW Engineering, Dynamic Cables, Schneider, Arham Technologies and Deep Industries, hit their fresh 52-week highs during the day.