Housing Development Financing Corporation (HDFC) @ whatisindia.com

HDFC was incorporated in 1977 with the primary objective of meeting a social need – that of promoting home ownership by providing long-term finance to households for their housing needs. HDFC was promoted with an initial share capital of Rs.100 million. Hasmukhbhai Parekh, who was the founder of HDFC Group. Mr. Deepak S. Parekh is the executive Chairman of the Corporation. It's group of companies are HDFC Bank, HDFC Mutual Fund, HDFC Standard Life, HDFC Securities, HDFC Realty, HDFC Chubb General Insurance Company Limited, Information Bureau (India) Limited.

News Analysis

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References

• Official Site

• News Releases

• D S Parekh - Chairman

• HDFC Bank

• HDFC Mutual Fund

• HDFC Standard Life Insurance

• HDFC Securities

• HDFC Realty

• HDFC Chubb

• Intelenet Global Services Ltd

• Credit Information Bureau (India) Ltd

It was a see-saw game between bulls and bears on Monday at the Dalal Street. Bulls tried their best to stay afloat, and that is why at one point of time Sensex witnessed a high of 20,009.35 points. (Sensex Slips 385 Pts, Pioneer, Correspondent or Reporter, Nov 06, 2007)

Again incredible feat by bulls on Monday! They took only six sessions to help Sensex cross record 20,000 point mark in intra-day trade on Monday considering the fact that the same had plunged to a low of 17,171.45 on October 22. (Bulls Play Twenty-20, Pioneer, Correspondent or Reporter, Oct 30, 2007)

Sensex breached the 20,000 mark today amidst expectations that the Reserve Bank of India (RBI) will ease interest rates thereby injecting more liquidity into the economy. (Balle Balle: Bulls Take Sensex To 20k, Make Mukesh Ambani Richest, Tribune, Correspondent or Reporter, Oct 30, 2007)

The benchmark Sensex had its first brush with the milestone of 20,000 as corporate earnings reports sent stocks soaring for the second consecutive trading day on Monday. (Sensex Hits 20,000 Intra-Day On Strong Corporate Show, Business Line, Correspondent or Reporter, Oct 30, 2007)

Reserve Bank of India's monetary policy review this week is expected to influence the stock markets in the days ahead and investors are likely to remain in an upbeat mood, analysts said. (Fii Flows, Rbi Stance May Chart Market Movement: Analysts, Pioneer, Correspondent or Reporter, Oct 29, 2007)

The Sensex opened with a positive gap of 296 points at 17,910. The index is now up 635 points at 18,249. (Sensex Up 635pts; Bharti Zooms 7% , Business Standard, Correspondent or Reporter, Oct 23, 2007)

A 34 per cent rise in income has pushed up pre-provisioning profit by 38 per cent. (Icici Bank: Aggressive Growth, Business Standard, Correspondent or Reporter, Oct 23, 2007)

Bulls ran amok on Dalal Street, home to the country's stock market, carrying the benchmark Sensex past the 19,000 mark milestone in a record four sessions, as investors bet heavily on blue chip stocks and political truce. (Sensex Breaks 19k Mark, Gains A Hefty 640 Pts, OutLook, Editorial, Outlook, Oct 16, 2007)

Bulls on the Dalal Street have gone absolutely crazy as even they don't know where to stop, and in their frenzy they are reaching one milestone after the other in no time. (Sensex In Its Last Teens , Pioneer, Editorial, The Pioneer, Oct 16, 2007)

Higher interest income has helped HDFC Bank report a 40.1% rise in net profit to Rs 368.48 crore for the quarter ended September 2007 from Rs 262.94 crore in the corresponding period last year. (Hdfc Bank Q2 Net Profit Vaults 40%, Singapore Times, Correspondent or Reporter, Oct 13, 2007)

Bulls continued their onward journey to 19K even on Thursday and scaled a new peak at 18,814 points on the Bombay Stock Exchange on the back of strong buying by funds in heavy-weight stocks led by capital goods and metal sector. (Sensex Up 156 Pts, Pioneer, Correspondent or Reporter, Oct 12, 2007)

The stock market barometer Sensex surged by a record 789 points to cross the 18,000-point milestone as investors took heart from the improbability of snap polls and bought heavily in frontline stocks led by Reliance industries. (Sensex Sets New Milestone; Crosses 18,000 Mark, New Indian Express, Correspondent or Reporter, Oct 10, 2007)

Bulls again on Monday tried to conquer 18K mark but failed because of aggressive bears, who were riding on political crisis at the Centre. (Sensex Crashes On Heavy Selling, Pioneer, Correspondent or Reporter, Oct 09, 2007)

The Dalal Street is expected to witness a positive bout in the week ahead amidst the volatile environment on the bourses driven by global cues even as the 18,000 milestone remains just within the reach, analysts have said. (Markets May Rally Amid Volatility, Say Analysts, Pioneer, Correspondent or Reporter, Oct 08, 2007)

Excess liquidity in the economy prompted the Reserve Bank of India to intervene vigorously in the money market through ‘reverse repo’ (in which the RBI sells liquid money market instruments with the promise of buying it back the . . . . (Excess Liquidity: Rbi’S Daily Mop-Up Crosses Rs 50,000 Cr, Business Line, Correspondent or Reporter, Oct 05, 2007)

The Bombay Stock Exchange (BSE) 30-share Sensex on Thursday opened firm at 17,059.61 from Wednesdays close of 16,921.39 and later touched an all-time intra-day high of 17,188.40, before ending the day at 17,150.56 with a gain of 229.17. . . (Sensex Above 17k & Nifty 5k , Deccan Herald, Correspondent or Reporter, Sep 28, 2007)

The stock market frenzy continued on Thursday with benchmark BSE Sensex closing above the 17K-mark and NSE Nifty breaching the 5,000 level for the first time ever as strong buying by foreign funds in it and metal shares. (Sensex Soars 229 Pts To End Above 17k; Nifty Goes Past 5,000, New Indian Express, Correspondent or Reporter, Sep 28, 2007)

The RBI expresses serious reservations about the new kinds of corporate structures planned by banking institutions. (Ring-Fencing Banks, Frontline, V. Sridhar, Sep 27, 2007)

Bulls continued to reign supreme on the Dalal Street even on Monday. They were so formidable that bears dare not enter the ring except for a brief period in the morning and bulls remained in charge of the whole session. (Sensex Eyes 17k, Up 282 Points, Pioneer, Correspondent or Reporter, Sep 25, 2007)

The country's premier stock exchange's sensitive index on Wednesday opened with a bang and ended with a biggest ever rally notching up a single-day gain of 654 points thanks to the impact of the US Federal slashing its benchmark rate by 50 basis points. (Markets Zoom; Sensex Scales Mt 16k, Deccan Herald, Correspondent or Reporter, Sep 20, 2007)