Deepak Parekh

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Deepak Parekh - Total results - 86
Affordable housing to be worst hit as COVID-19 lockdown halts works; property rate cut unlikely to spur demand: Experts
Business

Affordable housing to be worst hit as COVID-19 lockdown halts works; property rate cut unlikely to spur demand: Experts

Sanjay Dutt, managing director and chief executive officer of Tata Realty and Infrastructure, said developers have been absorbing rising labour costs, interest costs and raw material costs.

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices

HDFC Chairman Deepak Parekh on Tuesday said he sees 20 percent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts

HDFC Chairman Deepak Parekh on Tuesday pushed for a one-time restructuring of stressed real estate accounts and relaxation in the classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions

IBLA 2020: Mukesh Ambani wins iconic Business Leader of the Decade award; Arun Jaitley conferred with Hall of Fame award
Business

IBLA 2020: Mukesh Ambani wins iconic Business Leader of the Decade award; Arun Jaitley conferred with Hall of Fame award

Mukesh Ambani expressed optimism for the Indian economy over the next decade and said this was a golden opportunity for business leaders to collectively drive India to consistently being among the world’s top three economies.

HDFC Bank to tap Egon Zehnder to identify Aditya Puri's successor; search extended to overseas to find suitable candidate
Business

HDFC Bank to tap Egon Zehnder to identify Aditya Puri's successor; search extended to overseas to find suitable candidate

HDFC Bank is one of three domestic lenders that the central bank has designated as “too big to fail”.

We need builders to build new India; HDFC keen to contribute to govt's Rs 20k cr realty fund, says Deepak Parekh
Business

We need builders to build new India; HDFC keen to contribute to govt's Rs 20k cr realty fund, says Deepak Parekh

The government fund will help good developers finish their pending projects, which are non-NPA and non-NCLT, said HDFC's Deepak Parekh.

All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh
Business

All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh

Last Friday, the government slashed corporate tax by almost 10 percentage points as part of efforts to pull the economy out of a six-year low growth rate with a Rs 1.45-lakh crore tax break.

Economy will tide over short-term challenges, important to stay optimistic, says HDFC chairman Deepak Parekh
Business

Economy will tide over short-term challenges, important to stay optimistic, says HDFC chairman Deepak Parekh

In a letter to the shareholders, Parekh said he is confident the new govt will prioritise re-instilling a culture of trust across the banking sector

HDFC buys out Reddys from Apollo Munich Health for Rs 1,347 cr; deal likely to be closed over next 9 months
Business

HDFC buys out Reddys from Apollo Munich Health for Rs 1,347 cr; deal likely to be closed over next 9 months

The merged entity (with HDFC Ergo General Insurance) will be a Rs 10,807-crore business as of today's individual business, making it the second-largest.

HDFC's Deepak Parekh sees more REIT issues in offing after success of Embassy Office Parks' first REIT offer
Business

HDFC's Deepak Parekh sees more REIT issues in offing after success of Embassy Office Parks' first REIT offer

Following the success of the country's first REIT issue by Embassy Office Parks last week, HDFC chairman Deepak Parekh on Monday said two to three companies have already approached the mortgage lender to be an investor for such issues over the next 12 months

Book by first-time author spells out seven strategic advantages that can steer India to wealth
Business

Book by first-time author spells out seven strategic advantages that can steer India to wealth

On reading Game India, one realises that part of the reason for India’s unsteady move towards economic rediscovery is its inability to focus on one of its inherent strengths—its people

Mutual fund industry assets under management to hit Rs 50 lakh cr in next 5 years: Deepak Parekh
Business

Mutual fund industry assets under management to hit Rs 50 lakh cr in next 5 years: Deepak Parekh

The asset base of mutual fund industry is likely to double to nearly Rs 50 lakh crore in the next five years owing to a large working population with better job opportunities and shifting of investors' preference to such financial products, HDFC Chairman Deepak Parekh said on Thursday

Uday Kotak flags concerns over voting power of global proxy advisory firms post Deepak Parekh re-appointment incident
Business

Uday Kotak flags concerns over voting power of global proxy advisory firms post Deepak Parekh re-appointment incident

Last week, nearly 23 percent of investors voted against the special resolution for re-appointing Parekh as a director on the board of mortgage lender HDFC.

Deepak Parekh re-appointed as director on HDFC board, 22.64% voted against his continuation
Business

Deepak Parekh re-appointed as director on HDFC board, 22.64% voted against his continuation

According to reports, some US proxy advisories had asked investors to vote against Deepak Parekh over his directorship and independence of the company's board.

HDFC AMC's Rs 2,800-cr IPO: Promoters to dilute 12.01% in asset management company
Business

HDFC AMC's Rs 2,800-cr IPO: Promoters to dilute 12.01% in asset management company

With the HDFC AMC listing, the HDFC group has five publicly traded companies - HDFC, HDFC Bank, HDFC Life and Gruh Finance

HDFC group's market capitalisation crosses Rs 10 trillion, only second after Tatas
Business

HDFC group's market capitalisation crosses Rs 10 trillion, only second after Tatas

Deepak Parekh-led financial services conglomerate HDFC group on Tuesday saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark, making it only the second Indian business house after Tatas to achieve this feat

Yogi Adityanath to hold roadshow in Mumbai tomorrow to seek businessmen's support for Investor's Summit 2018
India

Yogi Adityanath to hold roadshow in Mumbai tomorrow to seek businessmen's support for Investor's Summit 2018

Yogi Adityanath will hold a "roadshow" in Mumbai on Thursday for captains of industry seeking their participation in the "Investor's Summit 2018" to be held in Lucknow

RBI monetary policy: Current scenario warranted a steeper rate cut, says India Inc
Business

RBI monetary policy: Current scenario warranted a steeper rate cut, says India Inc

Harsh Pati Singhania, Vice Chairman and Managing Director of JK Paper, termed the RBI's decision as "too little".

HDFC's Deepak Parekh says economy has derailed in short term due to demonetisation
Business

HDFC's Deepak Parekh says economy has derailed in short term due to demonetisation

With the economy showing signs of slowdown, it is in this regard HDFC's Parekh indicated that business confidence has been hit by demonetisation and factories are not working at full capacity