Tata Sons voluntarily surrendered its registration certificate to the Reserve Bank of India (RBI) after repaying over ₹20,000 crore in debt to remain an unlisted entity, according to a report by The Economic Times. As a result, Tata Sons can continue to operate as a closely held company without being required to list its shares …
Mumbai: Tata Sons, the holding entity of the $410-billion Tata Group, has sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than₹20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company. If these loans were continued, Tata Sons …
IRFC Q1 results: Indian Railway Finance Corporation (IRFC) announced a 1.64 per cent rise in net profits at ₹1,576.83 crore for the April to June quarter of the financial year 2024-25, compared to ₹1,551.27 crore in the same quarter of the previous year, according to the company’s filing on the Bombay Stock Exchange (BSE) on …
Bajaj Housing Finance announced on Thursday, June 6, that its board has approved an initial public offering (IPO) plan, which involves raising ₹4,000 crore via fresh issue and an offer-for-sale (OFS) component separately. The public issue would include a sale of shares by existing shareholders, said the Bajaj Finance subsidiary in a statement today. “This …
Nochi leaves can also be used for relief from body pain. You will be required to prepare a concoction by adding Nochi leaves and camphor in boiling water. Nochi is one of the remarkable herbs that have been utilised extensively in Ayurveda and Siddha healing systems. It’s known for its excellent therapeutic properties and diverse …
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 …
Housing & Urban Development Corporation Ltd. plans to extend its focus towards financing infrastructure projects during the next financial year. The company already has multiple infra projects in the pipeline across states, especially in Telangana, Andhra Pradesh and Maharashtra. The company will focus more on financing infrastructure projects to enhance its loan book and ensure …
Mumbai: SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, has raised ₹1,328 crore from existing investors namely Norwest Venture Partners, TPG Growth, Baring Private Equity India and incoming investors namely Duro Capital, Axis Alternatives, Ananta Capital and Mirae Asset Venture Investments (India), the company said in a release. …
Mumbai: The Reserve Bank of India (RBI) on Monday took another step to harmonize regulations applicable to mortgage financiers and other non-bank lenders, proposing higher liquid assets to back deposits at housing finance companies, smaller aggregate deposits as a proportion of their own capital, and allowing them to issue co-branded credit cards. These are part …
Mumbai: Banking stocks are likely to face increased pressure in coming sessions, as Monday’s decline, precipitated by direct retail selling, was accompanied by a rise in short positions created by domestic institutions and foreign investors closing out their long positions in index futures like Bank Nifty, NSE data showed. While the benchmark indices Nifty50 and …