The Nifty is in consolidation mode. But its a consolidation that is also slowly taking the index higher. The week gone by saw the index gain in four out of the five trading sessions. It first surpassed the resistance at 23,300, followed by 23,400. By closing on Friday, it now stands at the cusp of …
Shares of IIFL Finance Ltd. rallied as much as 15% on Friday (June 7). This was after the Reserve Bank of India (RBI)-appointed auditor concluded their special audit in the IIFL Finance case. The central bank had appointed Jaipur-based Rajvanshi & Associates to conduct audit into IIFL Finance books, sources told CNBC-TV18. IIFL Finance has …
Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders. * ITC:* British American Tobacco is preparing to kick off …
The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues. Earlier on January 31, RBI had barred Paytm Payments Bank from accepting fresh deposits and doing …
IIFL share price: Shares of IIFL Finance were locked in a 20 per cent lower circuit in Tuesday’s trade (March 5) on the BSE at Rs 478.5 apiece, a day after the Reserve Bank of India (RBI) barred the company from sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans. …
IIFL Finance share price: Shares of IIFL Finance declined 20 per cent for the second straight session. This comes after Reserve Bank of India’s (RBI) decision to ban the company from issuing gold loans on Monday. IIFL Finance shares are at the lowest level in 52 weeks. IIFL Finance share price: Check latest price below. …
Shares of Gold Financiers Manappuram Finance Ltd. and Muthoot Finance Ltd. gained as much as 8% and 14% respectively on Tuesday. On an intraday basis, this was the biggest single-day gain for Manappuram Finance since September 2020, Muthoot’s shares rose the most since June 2020. Muthoot Finance has also gained for the fifth day in …