HDFC Securities confirms closure of franchisee business
Thu, Nov 28, 2024 9:07 AM

HDFC Securities confirms closure of franchisee business

A Flip by Shubhangi Gupta
Get it on Google Play
HDFC Securities, wholly owned stockbroking subsidiary of HDFC Bank, has confirmed that it has decided to close its franchisee business, while denying any compliance issues. The firm clarified that the decision was initiated earlier this year as a strategic step to streamline operations and enhance service quality, and not due to compliance issues as suggested in rumours circulating on Whatsapp.

More great flips

Indian markets remain expensive, investors can allocate 15% to US equities

Indian markets remain expensive, investors can allocate 15% to US equities

Emkay Wealth Management warns that Indian stocks are overvalued and recommends diversifying portfolios to overseas markets like the US, which offers a good amount of diversification. An ideal allocation would be 50:50 equity and debt, with 30% equity in US stocks, providing a hedge against expensive Indian markets.

Open Flip
9 AAI-run airports to install new smart docking systems by Feb, 2025

9 AAI-run airports to install new smart docking systems by Feb, 2025

The Airports Authority of India (AAI) is looking to install 122 Inxee Systems’ SmartDock artificial intelligence (AI)-enabled mechanism at nine airports across the country at an estimated  cost of Rs 25 crore by February, 2025, multiple officials and executives aware of the ongoing development told Moneycontrol.  The upcoming installation aims to further enhance passengers' safety and operations.

Open Flip
Indian retail sector staring at these 6 risks, but 2 smallcaps hold edge

Indian retail sector staring at these 6 risks, but 2 smallcaps hold edge

India's consumer durables retail sector, valued at Rs 1.8 trillion, faces six key risks that could disrupt growth, according to Nuvama Institutional Equities. Despite the challenges, two small-cap players—📌Electronics Mart India and 📌Aditya Vision Ltd—stand out for their strategic approaches and strong regional dominance, making them compelling investment opportunities.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon