Mortgage lender HDFC reported its third quarter results on Wednesday, posting a 22.75% increase in net profits to Rs671 crore. Loan approvals during the nine month period ending in December went up 22% to Rs41,110 crore.The third quarter has also been good to India’s IT sector.
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Indian Giants Report for Jan 20 2010
http://www.livemint.com –
Housing Development Finance Corporation Ltd (HDFC) to raise over Rs 4,000 crore
http://www.business-standard.com –
Housing Development Finance Corporation Ltd (HDFC), the multi-faceted finance company, has decided to dilute a maximum 3.5 per cent equity to Qualified Institutional Buyers (QIBs) to raise over Rs 4000 crore.
Read more »ICICI Bank sends legal notice to HDFC Bank official
http://economictimes.indiatimes.com –
India’s second-largest lender, ICICI Bank, has shot off a legal notice to a senior official of HDFC Bank, for airing views on ICICI in a HDFC Bank business magazine.
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