India may see rating upgrade in 2015: Deepak Parekh

Zee Business Bureau Chief Mihir Bhatt caught up with HDFC Chairman Deepak Parekh on his views on Indian Economy, Capital Markets, Reforms and way forward. Excerpts from his interview.

Godrej, Parkeh, Kotak support Murli Deora in South Mumbai

Some of the top business leaders and trade associations on Sunday came out in support of the Union Minister of State for Telecom and sitting MP from Mumbai South, Milind Deora, who is seeking a third term from the constituency.

Manufacturing must take off to revive Indian economy

It has been more than 20 years since India witnessed economic liberalisation but the contribution of India’s manufacturing sector to the overall GDP (Gross Domestic Product) has remained stagnant at about 15 per cent. This has led to a scenario of inadequate jobs as manufacturing has generated jobs at a snail’s pace of one-two million each year since the 1970s.

`Expect GDP growth of 6.5% for next fiscal`

Zee Business Bureau Chief Mihir Bhatt caught up with HDFC Chairman Deepak Parekh.

Deepak Parekh criticises Kejriwal, says corruption cannot be eradicated

Deepak Parekh on Sunday said corruption cannot be eradicated from the system and disapproved the way activist-turned-politician Arvind Kejriwal is going about with his exposes.

HDFC lowers first yr home loan rate to 8.25%

HDFC on Thursday lowered its home loan rate to 8.25 percent for the first year applicable on fresh loans.

Tata Steel, HDFC world`s most sustainable cos

Two Indian firms- Tata Steel and HDFC-have made it to a list of the world`s most sustainable companies.

HDFC net profit up 23 % in Q3, income falls 5.5%

Country`s top mortgage lender HDFC
on Wednesday posted 23 per cent rise in net profit at Rs 671.25 crore
for the December quarter even as its income declined.

HDFC net profit surges 23 percent

India`s top mortgage lender Housing Development Finance Corp Ltd today reported 22.74 percent rise in net profit at Rs 671.25 crore for the third quarter ended December 31, 2009, over the same period last year.

Sensex eases by 10 points, at 17,658

The benchmark Sensex eased by nearly 10 points in a volatile trade due to mild selling mainly in auto and IT stocks despite higher Asian advices.

Dubai debt crisis may hit exports, remittances: HDFC Bank

The Dubai debt crisis may cause significant damage to exports, remittances and real estate sectors in India, besides resulting in build up of asset bubbles in Asia, HDFC Bank on Wednesday said.

HDFC forays into education loan biz; acquires 41% in Credila

Country`s top mortgage lender HDFC
on Friday announced acquisition of 41 per cent stake in education
loan provider Credila Financial Services -- marking its entry
into a specialised market estimated at over Rs 30,000 crore.

Housing fin cos under CCI lens for loan pre-pay penalty

Competition watchdog CCI has brought under its scanner several private banks and housing finance companies, including HDFC and LIC Housing Finance, for imposing penalty on pre-payment of loans.

HDFC Bank Q2 FY 10 net profit up 30.2 per cent at Rs 687.5-cr

Buoyed by a 17.9 per cent increase in fee-income at Rs 692.4-crore, HDFC Bank clocked a net profit of Rs 687.5-crore in Q2 FY 10, up 30.2 per cent over the year-ago period.

RBI likely to hike interest rates in Q4 FY`10: Parekh

The Reserve Bank is likely to hike
interest rates marginally in the fourth quarter of this fiscal
to rein in the steady rise in prices, a top financial sector
expert said.

HDFC Bank slashes India`s FY ‘10 growth outlook to 5.8%

HDFC Bank has slashed India`s growth outlook for the current fiscal to 5.8 percent from its earlier projection of 6.5 percent because of the deficient monsoon.

‘Interest rates to be stable, inflation to turn positive’

Interest rates are likely to remain stable going forward and inflation numbers would return into the positive zone, a top financial sector expert said.

HDFC Q1 net up 21% at Rs 565 cr

HDFC has reported 20.68 per cent growth in net profit at Rs 564.92 crore for the first quarter ended June 30, 2009.