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India’s equity benchmarks soared over 1% each to fresh highs on Friday, extending their record-breaking run for the third session in a row, tracking overnight gains on Wall Street. The Nifty closed above 19,000 and the Sensex settled above 64,000 for the first time, led by financials, automobiles and IT shares.
Mortgage-lending pioneer Deepak Parekh, 78, will ride into professional sunset with the satisfaction of having built a powerhouse that would be the fourth biggest bank in the world when Housing Development Finance Corp (HDFC) merges with the lender it spawned three decades ago.
The Tata Trusts is understood to have extended the tenures of Vijay Singh and Venu Srinivasan as vice chairmen in recent weeks, top officials close to the development said.
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