China’s central bank, People's Bank of China (PBoC), offloaded some or entire stake in the country’s largest mortgage lender HDFC during the April-June quarter, showed the latest shareholding data. According to the latest data disclosed by the lender to the stock exchanges, the People’s Bank of China was not among key shareholders of the company as of June 30. However, it held 1.01 per cent stake or 1,74,92,909 shares as on March 31. As a result, the holding of foreign portfolio investors declined to 70.17 per cent in the last quarter against 70.88 in the preceding quarter ended March 31. Shareholding of mutual funds also inched lower to 9.44 per cent from 9.52 per cent earlier, data available with BSE showed on Wednesday. Shares of HDFC traded 1.33 per cent down at Rs 1,916.15 at around 9.46 am (IST), while the benchmark BSE Sensex traded 0.13 per cent lower at 36,689 at around the same time. HDFC in May posted a 21.97 per cent year-on-year (YoY) fall in … [Read more...] about People’s Bank of China sells stake in HDFC in June quarter; shares down
Fabchem china limited share price
NEW DELHI: Shares of TCI Express Ltd. traded 3.4 per cent up in Thursday's trade at 11:46AM (IST). Around 293 shares changed hands on the counter. The scrip opened at Rs 656.85 and touched an intraday high and low of Rs 678.8 and Rs 656.85, respectively, in the session so far. Shares of the company of TCI Express Ltd. quoted a 52-week high of Rs 950.45 and a 52-week low of Rs 491.0. Total market cap of the TCI Express Ltd. stood at Rs 2588.99 crore at the time of writing this report. The logistics services provider said its operations have been severely impacted on account of the coronavirus outbreak and it expects its profitability to be hit in June quarter. Key Financials The company reported consolidated net sales of Rs 237.94 crore for the quarter ended 31-Mar-2020, down 11.34 per cent from previous quarter's Rs 268.38 crore and down 10.5 per cent from the year-ago quarter's Rs 265.84 crore. The net profit for latest quarter stood at Rs 19.01 crore, down 12.6 per cent … [Read more...] about Trending stocks: TCI Express shares climb over 3%
NEW DELHI: Shares of PSU banks were trading higher in Thursday's session. Shares of Indian Overseas Bank (up 9.63 per cent) , J & K Bank (up 4.76 per cent) , Central Bank of India (up 2.01 per cent) , Bank of Maharashtra (up 1.82 per cent) , Punjab & Sind Bank (up 1.76 per cent) , UCO Bank (up 1.08 per cent) , Bank of Baroda (up 0.58 per cent) , State Bank of India (up 0.46 per cent) and Union Bank of India (up 0.46 per cent) were among the top gainers. The Nifty PSU Bank index was trading 0.3 per cent down at 1492.35 around 02:19PM. Benchmark NSE Nifty50 index was up 27.70 points at 10333.0, while the BSE Sensex was up 113.27 points at 34982.25. Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red. Shares of Vodafone Idea, BHEL, SBI, ICICI Bank, Bank of Baroda, Tata Motors, RBL Bank Ltd., GAIL and ITC were among the most traded shares on the NSE. … [Read more...] about Share market update: PSU bank shares up; IOB surges 9%
New Delhi: The Chinese are the latest to join the Indian automobile bandwagon and though their delayed entry has made it tough to gain a strong foothold, the changing times with a growing anti-China sentiment snowbowling into a major issue now might change the scenario for these moneyed enterprises.Chinese companies have been shopping around the world, and India’s large market size, infact the fifth largest passenger vehicle volume has caught their eye with a growth potential similar to their home market, now the largest in the world.There aren’t many Chinese automakers in India, but off late some have made an ambitious entry with massive investments lined-up. The car market dominated by Japanese and then led by the Korean show that Asian companies have a clear edge on the value-conscious Indian consumers.The MG Motor India owned by the SAIC, China’s largest PV maker and the second one in the league is Great Wall Motors or GWM, that is yet to start operations after … [Read more...] about ETAuto Opinion: Will ‘Anti-China’ sentiment spoil Sino automakers’ fortunes?
In their historic informal summit in Chinese city of Wuhan in 2018, Prime Minister Narendra Modi and Chinese President Xi Jinping underscored the importance of maintaining peace and tranquillity in all areas of the India-China border region in the interest of the development of bilateral relations. … [Read more...] about LAC standoff: India, China hold ‘productive’ talks