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The Economic Times

HDFC Life to raise Rs 1,500 crore via NCDs to strengthen solvency

HDFC Life Insurance plans to raise Rs 1,500 crore through non-convertible debentures after board approval. The NCDs will carry an 8.05% coupon rate and a 10-year term, with allotment set for October 9. This move follows a drop in the company's solvency ratio and aims to bolster financial stability.

CNBC TV18

HDFC Life Insurance to finalise terms for ₹2,000-crore debt issuance

The company previously received an in-principle approval from its board of directors to raise up to ₹2,000 crore through non-convertible debenturesnon a private placement basis. Shares of HDFC Life Insurance Company Ltd ended at ₹719.70, down by ₹7.60, or 1.04%, on the BSE.

CNBC TV18

HFCL to develop and supply critical sub-systems to General Atomics

HFCL has now become a key contributor to one of the world's most sophisticated unmanned aerial vehicles.

Business Standard

HFCL to supply critical sub-systems of drones for General Atomics ASI

Home-grown telecom firm HFCL has been selected by General Atomics Aeronautical Systems Incorporated to develop and supply critical sub-systems for the US-based defence technology firm's advanced unmanned aircraft systems, the company said on Sunday. HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems. "In a significant development that underscores HFCL's technical prowess and commitment, the company has been selected to develop and supply critical sub-systems for GA-ASI's advanced Unmanned Aircraft Systems (UAS). This partnership marks a milestone in HFCL's journey, as it becomes a key contributor to one of the world's most sophisticated unmanned aerial vehicles (UAVs)," HFCL said. The company's subsidiary, Raddef, has been developing portable and deployable advanced radar and radio frequency (wireless) solutions across various terrains. "Our selection by General Atomics Aeronautical Systems Incorporated to devel

The Economic Times

HDFC Life Insurance Company Share Price Today Live Updates: HDFC Life Insurance Closes at Rs 698.80, Achieves 17.21% Return Over Three Months

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The Economic Times

HDFC Life Insurance Company Stocks Live Updates: HDFC Life Insurance Closes at Rs 705.40 Amidst Diminished Trading Volume

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Business Standard

HFCL showcases its latest innovative highdensity blown fibre solutions

At Connected Britain 2024 event

Business Standard

HDFC Life Insurance Company Ltd down for fifth straight session

HDFC Life Insurance Company Ltd is quoting at Rs 700.55, down 0.33% on the day as on 13:19 IST on the NSE. The stock jumped 5.99% in last one year as compared to a 25.32% rally in NIFTY and a 16.42% spurt in the Nifty Financial Services index.

Mint

Top Gainers and Losers today on 10 September, 2024: Divis Laboratories, LTI Mindtree, HDFC Life Insurance Company, SBI Life Insurance Company among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 361.75 points, or 0.44, to settle at 81559.54, while the Nifty gained 104.7 points, or 0.42, to close at 24936.4.

Business Standard

Vedanta Ltd leads losers in 'A' group

HDFC Life Insurance Company Ltd, New India Assurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Oil India Ltd are among the other losers in the BSE's 'A' group today, 10 September 2024.

Business Standard

NCLAT declines to change Finolex's AGM outcome, ousting Deepak Chhabria

The National Company Law Appellate Tribunal has given a go-ahead to the outcome of the AGM of Finolex Cables, wherein shareholders voted against the reappointment of Deepak Chhabria on the company's board. A two-member bench of the appellate tribunal said the consolidated scrutinizer's report of the AGM of Finolex Cables Ltd (FCL) reflects that 72.34 per cent of votes were against resolution Number 4, which was for the reappointment of Deepak Chhabria. "The decision of the Annual General Meeting (AGM) held on 29.09.2023 on Resolution No.4, which took place during the pendency of this Appeal is not interfered with," the bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra said. Besides, the NCLAT also declined to invalidate the extraordinary general meeting (EGM) of Orbit Electricals in 2019, a holding company of Finolex Cables, in which the Articles of Association (AoA) were amended. The NCLAT has upheld the earlier order passed by the National Comp

Business Standard

LIC pares stake in HDFC AMC

Life Insurance Corporation of India (LIC) disclosed that it has decreased its stake in HDFC Asset Management Company from 4.909% to 2.883%.

Business Standard

Value fashion retailer Baazar Style raises Rs 250 cr from anchor investors

Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value

Business Standard

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick

Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..

Business Standard

HFCL successfully commissions BSNL's Network Infrastructure Enhancement Project

HFCL has completed the successful commissioning of BSNL's Network Infrastructure Enhancement Project. Under this project, HFCL has commissioned the highly advanced version of Broadband Network Gateway (BNG), with Control and User Plane Separation (CUPS) architecture and associated subscriber Policy Manager & Authentication platform. The project involved a nationwide deployment across India, with a total value of Rs 390 crore, including Operations and Maintenance (O&M).

Business Line

HFCL upgrades BSNL broadband network

BSNL’s ₹390-crore network upgrade to speed up data services for home, enterprise users

Business Standard

HFCL delivers broadband network project for BSNL

HFCL announced that it has completed the successful commissioning of BSNL's network infrastructure enhancement project.

Mint

Abbott India, Mphasis & others hit 52 week high today ; Do you own any?

Following shares hit their 52 week high today - Abbott India, Mphasis, Trent, Colgate Palmolive India, HDFC Life Insurance Company

Business Standard

Allcargo Logistics Q1 results: Net profit down 97% at Rs 3.36 crore

Allcargo Logistics standalone net profit nosedived 97 per cent to Rs 3.36 crore in the June quarter of the current fiscal. The company's net profit was Rs 198.26 crore in the corresponding period of last year, according to a regulatory filing. Income from operations for the quarter under review, however, rose 46 per cent year-on-year to Rs 526.47 crore from Rs 360.26 crore in Q1 FY24, as per the filing. Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) have led to improved volumes and increased freight rates, the company said. The demand is expected to continue through the peak season until the end of the year, the company said in a statement. The LCL (less-than-container load) volume for the June quarter stood similar to the same quarter last year at 2.25 million CBM (cubic meter) while FCL (full container load) volume stood at 1,56,000 TEUs, up 9 per cent on a y-o-y basis, it said. The company said its contract logistics

The Economic Times

What Quant Small Cap Fund bought and sold in July

In its July portfolio, the smallcap fund added 2.71 crore shares of HFCL, taking the total count to 7.37 crore. It was 4.65 crore in June. The fund held 1.17 crore shares of Aditya Birla Fashion and Retail in June, taking the total share count to 2.94 crore in July post adding 1.77 crore shares to its portfolio.

Business Line

Stock to buy today: HFCL (₹129.80): BUY

HFCL share price can rise to ₹140-₹142

Business Line

Stock to buy today: HFCL (₹130.05): BUY

HFCL share price can rise to ₹145

Business Standard

HDFC Life Insurance gets a tax demand of Rs 1,495 cr from I-T dept

The company had certain marketing and advertising expenses in financials that were considered as admissible expenses incorrectly while calculating the taxable surplus in the policyholder's account