ICICI Bank hit hard. Immediately after the news of Lehman Brothers’ bankruptcy broke, investors rushed to sell the bank’s shares, pulling the stock down by 10 percent to Rs 565. This was due to ICICI Bank’s London subsidiary having 57 million Euro (about Rs 375 crore) exposure in the bankrupt company.
DHFL default can expose Rs 1 lakh crore in borrowing to risk of default/haircuts Prefer banks over NBFCs; ICICI, IndusInd, HDFC & ICICI Lombard are top picks CLSA on GAIL
Speculations Rise of Fed Interest Rate Cut Amid Falling Stocks | Trustnodes Cavs owner Dan gilbert suffers stroke, remains in hospital Cavs owner Dan Gilbert suffers stroke, remains in hospital. – CLEVELAND (AP) – Cavaliers owner Dan Gilbert remains hospitalized and is "resting comfortably" after suffering a stroke. The 57-year-old was taken to a Detroit-area hospital Sunday by a friend.This being some 68,000 miles per hour, it follows that, assuming the time to be midday, he is moving, not at the rate of 1000 miles per hour to the East, but at the rate of 67,000 miles per hour to the West. Nay, not even now have we discovered the true rate and the true direction of his movement.
About 22 mutual funds together owned DHFL paper worth Rs 5236 crore.. its debt instruments to 'default' rating following a delay in interest payments.. could accentuate contagion risk in financial markets,” CLSA said in a client note.. IndusInd, HDFC and ICICI Lombard being its top picks in the sector.
DHFL’s default can accentuate contagion risk; icici Bank, HDFC among top picks: CLSA Money Control ED quizzes ICICI Bank Ex-CEO Chanda Kocchar, husband Deepak Kocchar for 9 hours
CLSA on Financials. DHFL’s default can accentuate contagion risk. expect higher rates & tight liquidity; RBI intervention may be needed. DHFL default can expose Rs 1 lakh crore in borrowing to risk of default/haircuts. Prefer banks over NBFCs; ICICI, IndusInd, HDFC & ICICI Lombard are top picks . CLSA on GAIL
The recent default of around Rs 1,000 crore by Dewan Housing Finance (DHFL) on interest payment to its debenture-holders can accentuate a contagion risk and expose Rs 1-trillion in borrowing to risk of default / haircuts, says a recent report by global research and brokerage firm CLSA.
> DHFLs default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA. DHFLs default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA. may be required as DHFL default can expose Rs 1 lakh crore in borrowing to the risk of default/haircuts.
Starwood Capital backs Scape’s student digs tower Starwood Capital Group has made its first purchase in Chicago’s downtown office market, acquiring One South Dearborn, a 40-story, Class A tower in the Central Loop, for its Starwood Global.
Here are the top eight chart picks from different brokerages that could give 16-50 percent upside in medium term. Mitessh Thakkar of mitesshthakkar.com recommends buying CESC with a stop loss below Rs.
Get HDFC Bank Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details.. DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA – 3 day(s). HDFC Top 100 Fund – Regular Plan – Growth HDFC.