L&T Finance Holdings is currently trading at Rs. 171.95, up by 1.90 points or 1.12% from its previous closing of Rs. 170.05 on the BSE. The scrip opened at Rs. 174.70 and has touched a high and low of Rs. 175.00 and Rs. 171.60 respectively. So far 246354 shares were traded on the counter. The … Read more
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today held a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead. This was the 5th review meeting by the Finance Minister with Ministries/Departments on the infrastructure roadmap ahead. During the meeting, Capital Expenditure (CAPEX) Plans of Ministries and their CPSEs, status … Read more
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. While addressing the National Executive Committee Meeting (NECM) of the Federation of Indian Chambers of Commerce and Industry (FICCI), Smt. Sitharaman said, “The focus is … Read more
PNB Housing Finance has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. The funds will be utilised for the specific sector wise disbursements / end uses as per norms of the respective NHB refinance schemes. PNB Housing Finance is a registered housing finance company with National Housing … Read more
Manappuram Finance has received an approval for equity infusion of up to Rs 100 crore in its wholly owned subsidiary (WOS) — Manappuram Home Finance (MAHOFIN). The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Manappuram Finance is a non-deposit taking NBFC and having a strong … Read more
Manappuram Finance has received an approval for equity infusion of up to Rs 150 crore in its subsidiary Asirvad Micro Finance. The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in … Read more
PNB Housing Finance has reported results for second quarter ended September 30, 2018. The company has reported a rise of 9.58% in its net profit at Rs 208.26 crore for the quarter under review as compared to Rs 190.05 crore for the same quarter in the previous year. Total income of the company increased by … Read more
Reliance Home Finance has reported results for second quarter ended September 30, 2018. The company has reported 31.58% rise in its net profit at Rs 75.00 crore for the quarter under review as compared to Rs 57.00 crore for the same quarter in the previous year. Total income of the company increased by 8.67% at … Read more
Sundaram Finance has reported results for second quarter ended September 30, 2018. The company has reported 0.77% rise in its net profit at Rs 154.31 crore for the quarter under review as compared to Rs 153.13 crore for the same quarter in the previous year. Total income of the company increased by 18.52% at Rs … Read more
PNB Housing Finance has successfully raised Rs 2,450 crore through Commercial Papers (CPs). This is in addition to Rs 1,775 crore raised earlier in October totalling to Rs 4,225 crore of CPs raised in October 2018. The CPs were placed with various Mutual Funds and Banks. PNB Housing Finance is a registered housing finance company … Read more
Muthoot Finance has acquired Muthoot Money (MMPL), post approval of the Reserve Bank of India. The company purchased 5,625 number of equity shares of face value Rs 1,000 each at a price of Rs 17,685 per share aggregating to Rs 9,94,78,125 from existing shareholders; and subscribed 56,545 number of fresh equity shares of face value … Read more
Shriram Transport Finance Company has raised funds worth Rs 300 crore through issuance of bonds. The issue comprises three tenor bonds of three, five and ten years, offering a coupon in the range 9.12% to 9.70%. Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking … Read more
TCI Finance has received an approval for the sale of investment of subsidiary company. Divestment of 100% equity investment held by the company in Itag Business Solutions (a wholly owned subsidiary). Further after completion of formalities Itag Business Solutions shall cease to be a subsidiary of the company. The Board of Directors of the company … Read more
Shriram Transport Finance Company has reported results for second quarter ended September 30, 2018. The company has reported 22.60% rise in its net profit at Rs 609.58 crore for the quarter under review as compared to Rs 497.22 crore for the same quarter in the previous year. Total income of the company increased by 21.11% … Read more
Bajaj Finance has reported results for second quarter ended September 30, 2018. The company has reported a rise of 55.04% in its net profit at Rs 920.28 crore for the quarter under review as compared to Rs 593.57 crore for the same quarter in the previous year. Total income of the company increased by 33.88% … Read more
PNB Housing Finance is currently trading at Rs. 731.00, up by 24.25 points or 3.43% from its previous closing of Rs. 706.75 on the BSE. The scrip opened at Rs. 708.00 and has touched a high and low of Rs. 733.00 and Rs. 703.55 respectively. So far 18892 shares were traded on the counter. The … Read more
PNB Housing Finance has successfully raised funds worth Rs 1,775 crore through Commercial Papers (CP) in October 2018. The CPs are placed to various Mutual Funds and Banks. The company would continue to maintain its overall borrowing through CPs at around 12-13% compared to 19% as of March 31, 2018. PNB Housing Finance is a … Read more
Shriram Transport Finance Company is planning to raise funds in ordinary course of business by way of issue of redeemable Non-Convertible Debentures (NCDs) on private placement basis. The meeting of Board of Directors of the company will be held on October 25, 2018, to consider the same. Shriram Transport Finance Company is a flagship company … Read more
Indiabulls Housing Finance has reported results for second quarter ended September 30, 2018. The company has reported a rise of 16.10% in its net profit of Rs 933.26 crore for the quarter under review as compared to Rs 803.83 crore for the same quarter in the previous year. Total income of the company increased by … Read more
AU Small Finance Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 33.97% rise in its net profit at Rs 91.42 crore for the quarter under review as compared to Rs 68.24 crore for the same quarter in the previous year. Total income of the bank increased by 60.25% … Read more