For startups, Deepak Parekh said, "many investors still have plenty of dry powder for good, innovative ideas, but the days of cash burn and high valuations are behind us".
Parekh says residential housing will be the 'big star', as the desire to own a house has only grown stronger
HDFC Chairman Deepak Parekh highlighted the importance of RIL's shift towards renewable power space as the sector of the future.
Smita D Parekh, the wife of the HDFC chairman, bought the property located in Worli and housed in Artesia, a project launched by K Raheja Corp, and offering views of the Arabian Sea and the Bandra-Worli Sea Link.
Securities and Exchange Board of India’s (Sebi) move is a step in the right direction. That's the word coming in from HDFC Chairman, Deepk Parekh. Also talking about HDFC Life, he says they are only focusing on the initial public offering (IPO) for now. CNBC-TV18's Ritu Singh caught up with him and asked his views on the latest Sebi circular on tightening disclosure norms for listed entities.
"If large countries like the US and Britain are turning protectionists, why not we become protectionist?" HDFC Chairman Deepak Parekh asked at an event in New Delhi.
In a regulatory filing, HDFC (Housing Development Finance Corporation) said it would sell little over 17.95 crore shares in the insurance joint venture at a price of Rs 95 apiece to Standard Life.
Faced with persisting economic gloom, Singh will brainstorm with industry leaders today on key problems relating to subdued growth, volatile exchange rate and widening current account deficit.
There cannot be "no action" from the government on housing and this stern message has come from HDFC chairman Deepak Parekh. Parekh has suggested a five-point agenda for the government to implement, reports CNBC-TV18.