Deepak Parekh bids adieu: Why the man who built HDFC never owned more than 1% of it
Parekh may not have owned any big stake in his company, but the company had started to own him as its founding father. The filial relations as a metaphor have been on Parekh's mind. Last year, while announcing the plan to merge HDFC with its bank, Parekh had said, As the son grows older, he acquires the father's business. He is leaving when the son, HDFC Bank, has grown up enough to take care of the father, HDFC. Key Points
Economic TimesDeepak Parekh signs off: Looking back at an industry icon's extraordinary career
“It is my time to hang my boots with both anticipation and hope for the future, Parekh wrote to HDFC shareholders for the last time as chairman. While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity. Key Points
Economic TimesDeepak Parekh, the man who left Chase Manhattan to build HDFC
Parekh famously left his Chase Manhattan Bank job in 1978, where he was earning twice the salary he would at HDFC. For Parekh, now 78, who joined HDFC as a 33-year-old and built it as India's largest private sector housing finance company, it is the end of a journey. Here is a look at his journey. Key Points
Economic TimesAsha Parekh says Rajesh Khanna had ‘inferiority complex’ in his early days: ‘Everything changed when he became a star’
The first time Asha Parekh and Rajesh Khanna shared the screen was in the 1967 movie, Baharon Ke Sapne. Later they starred in films like Kati Patang (1971) and Aan Milo Sajna (1970). Key Points
The Indian ExpressQuick grocery has caught on, and BigBasket is smiling
The Tata group-backed company expects to turn profitable early next year, reaching a rarefied milestone in the online grocery space. But first, BigBasket needs its quick-commerce arm to hustle. Key Points
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Deepak Parekh quits HDFC, says 'it's time to hang my boots'
Deepak Parekh in his final letter to HDFC shareholders, highlighted the optimism surrounding India's resilience and its broad-based recovery, stating that the country's GDP growth rate is expected to be more than double the global average. He also underscored the significance of embracing change and the power of adaptability, growth, and new aspirations. Key Points
Economic Times'We still have a hiring target, but…': What Infosys CEO Salil Parekh said while announcing Q1 results
Infosys Q1 results show attrition numbers and demand environment will shape hiring decisions. Company has not announced hiring targets at this time. Key Points
mintBuy or sell: Vaishali Parekh recommends three stocks to buy today — 12th July
Indian market to be influenced by Q1 earnings of major IT firms like TCS and HCL Tech. Market tone expected to be positive, but volatility possible. In previous session, markets ended positively. Sensex up 0.42%, Nifty 50 up 0.43%. Key Points
mintAsha Parekh slams The Kashmir Files makers: 'I will say something controversial'
Asha Parekh raises concerns about lack of financial support for Hindus in Jammu by The Kashmir Files makers. Vivek Agnihotri has directed and produced the film. | Bollywood Key Points
Hindustan TimesFamily-run businesses survives if they adapt to changes, allow professionals from outside: Deepak Parekh
Family-run businesses should embrace change, practice proper governance, and develop a succession plan to ensure their long-term survival, according to HDFC chairman Deepak Parekh. Speaking at an event at the Center for Family Business and Entrepreneurship, Parekh noted that achieving success in such businesses often depends on the ability to invite professionals on board and embrace education. Key Points
Economic Times
Asha Parekh asks why Kangana ‘doesn’t make friends' with Bollywood colleagues
Asha Parekh was asked to share her take on Kangana Ranaut's statement regarding friendships in Bollywood. The actor wondered why Kangana does not make friends. | Bollywood Key Points
Hindustan TimesInfosys Q2 results: IT company’s headcount down 7,530 sequentially
CEO Salil Parekh noted that the company witnessed its highest large deals value at $7.7 billion in Q2. He also added that clients have continued to show interest in AI products and services Key Points
Business TodayBuy or sell: Vaishali Parekh recommends buying in 3 stocks today — 26 April
BSE Sensex closed 75 points, or 0.12 per cent, higher at 60,130.71 while the Nifty closed at 17,769.25, up 26 points, or 0.15 per cent. Key Points
mintIndia needs more affordable housing stock: Deepak Parekh
The HDFC chairman said builders should not be too ambitious in trying to launch too many projects at one time. This is a mistake made repeatedly by many developers, only to end up getting cash-strapped or being overleveraged. Developers today have to bring in a larger share of equity into the project, he said. Key Points
Economic Times