Technical Analysis

Will Ethereum (ETH) Be Able to Get Even in The Ongoing Bearish Pressure?

Ethereum prices had seen a lot of price fluctuations since the beginning of the year. With the advent of the bears in July, the...

Will Tron (TRX) Be Able to Continue Its Slow Recovery in The Bearish Market?

Tron price has been on a continual downswing since the bears started controlling the crypto market in July. The price of TRX coin had...

Ethereum Price Analysis: Will Bear Momentum Bring Ethereum (ETH) Price Further Down?

Ethereum is a blockchain platform which can be used by developers to build different applications. It is the largest and the most active community...

NEO Price Analysis: NEO down to $14.74, Will It Manage To Outsmart The Bears?

Over the past month, NEO’s performance has been sluggish with the bears dominating the coin most of the time. NEO price reached a low...

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) reaches $349.06, next support level to watch out for would be $361

BCH coin has shown very good growth and performance over the past several days. The bulls seemed to dominate the coin, but it saw...

Ethereum Price Analysis: Will Ethereum (ETH) Bask In The Glory Of A Bull Run?

Ethereum price has been mainly on an uptrend over the past 5 days Testnet of Casper PoS models to be ready by early...

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Forex

Yandex Should Stop FreshForex Ads: Russian Antimonopoly Authorities Order

As per reports, Russian antimonopoly authorities have initiated a check on the ads of FreshForex, the online trading firm. The order has been issued...

US Probing Sweden’s Swedbank AB Baltic Branch for Violating Sanctions on Russia

Sweden’s SVT Television has said that US authorities were investigating Swedbank AB’s Baltic branch after SVT handed over details of transactions between Russian weapons...

Dollar Takes Drastic Plunges in the Light of U.S- China Trade War

The dollar felt a blow on Tuesday while the possibilities of alleviation in a trade war between the United States and China came down....

Asia Pacific Stocks Get Boost in the Hopes of Resolutions of US-China Trade War

The trade war between the United States and China has probably been the single most disruptive economic and trading event over the past half...

The Central Bank of Nigeria Sold $4.4 Billion of Foreign Exchange to Dealers in April-May

The foreign exchange market has been one of the most vibrant markets in the world for the better part of 2019 and the reasons...

The US Dollar Edges Higher as Investors Look for Safe Bets Ahead of Central Bank Meets

When there is a large degree of uncertainty among investors with regards to the decisions of policymakers, then it is usually noticed that they...

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Finance

American Automotive Firm Rivian Raises $1.3 Billion in Fund Investment Round

American Automotive Firm Rivian Raises $1.3 Billion in Fund Investment Round

Headquartered in America, the globally leading automaker and automotive tech firm, Rivian has broadcasted the news about the closure of its highly anticipated investment...
HDFC Bank Ltd has crossed the $100 billion mark in terms of market capitalization. With this, it has become the 3rd firm in India to achieve this landmark. The Bank ranks 26th on the list of the most valued banks and financial firms in the world, having a market capitalization of more than $100 billion. By crossing the $100 billion mark, HDFC Bank has also secured a place in the list of “world’s most valued companies” and ranked 110th on this list. As per Bloomberg data, there are presently 109 companies featuring on this list, all of which have secured a market cap of more than $100 billion. The other two Indian companies that have made their way to this list are: Reliance Industries Ltd, having a market capitalization of $140.74 billion, and Tata Consultancy Services with a market cap of $114.60 billion. Investors continued to purchase the shares of HDFC with a hope that it will show consistency in its earnings performance, clock a steady profit growth of 20%, will have the stable quality of the asset, and healthy growth of advances. Analysts are of the view that there is a high probability of HDFC Bank delivering high credit growth. The prediction is in view of the bank, registering capital much higher than regulatory requirements and due to its focus being more on the retail segment. It is also thought that the bank is going to have better profit growth as they are concentrating on strengthening their productivity and digitization in addition to rationalizing the cost. According to a survey, it was seen that HDFC Bank is targeting India's semi-urban and rural population; therefore, the concentration of branches in these areas is higher with earning higher revenue and profit.

HDFC Bank Joins the League of $100 Billion Market Cap Companies

HDFC Bank Ltd has crossed the $100 billion mark in terms of market capitalization. With this, it has become the 3rd firm in India...
Maruti Suzuki Partners with Federal Bank

Maruti Suzuki Partners with Federal Bank for Retail Car Financing and Dealer Loans

India’s biggest car manufacturer Maruti Suzuki has got into a partnership with private lender Federal Bank to provide dealer loans and retail car loan...
HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

Indian bank HDFC Bank’s subsidiary HDB Financial is raising $300 million in overseas loans. It is going to be the unit’s first-ever syndicated overseas...
Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Members of The Organization of the Petroleum Exporting Countries (OPEC) and those outside it are meeting in Vienna, Austria, today to finalize further cuts...
Egyptian Firm E-finance Launches Three Subsidiaries to Strengthen Expansion Plans

Egyptian Firm E-finance Launches Three Subsidiaries to Strengthen Expansion Plans

Managing director and chairperson of E-finance, Ibrahim Sarhan, said yesterday that the firm had launched three new subsidiaries. The move is aimed at further...