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Mahindra Finance inks JV deal to acquire over 58% in Sri Lanka's Ideal Finance for LKR 2 billion

With this JV, Mahindra Finance aims to replicate its business model in Sri Lanka.

FM Nirmala Sitharaman rejects demand for rollback of customs duty on newsprint

The intention of the government was to make sure that Indian manufacturers of newsprint are promoted as they were suffering due to cheaper import.

Bankers doubt meeting $5-trn GDP target, say credit demand should double in five years

The country's largest lender SBI has said it expects credit growth to slow down to below 14 percent in FY20 due to subdued demand.

An Indian car loan player is making plans to offer loans to homebuyers

Cholamandalam is undeterred by the credit crunch that’s roiling shadow banks across the nation.

US healthcare BPO may be valued at $225 million: PE firms in race to acquire emids Technologies

Homegrown funds such as Everstone, ChrysCapital and global ones like KKR, Baring in talks to buy a controlling stake.

Key committees in IL&FS did not meet for years: RBI

The report said some of the key committees in IL&FS did not convene any meetings at all in the last few years.

Grant Thornton alleges lapses in IL&FS’s transactions with client

In an interim report, Grant Thornton said it identified 65 instances where intraday benefits totalling Rs 2,417.87 crore were extended to AFSPL, thereby increasing the risk for ISSL.

DHFL seeks Rs 15,000-crore lifeline

Under the draft resolution plan, the company has asked for funds from banks/NHB for restarting retail funding.

NBFCs paying more to take the longer route

The industry is gripped by a credit crisis after IL&FS firms started defaulting in August last year.

Srinivasa Farms gets Rs 130 cr equity from IFC, plans Rs 300 cr expansion

The Hyderabad-based company is the only Indian poultry firm to have obtained equity funding from IFC, which has invested in some 70 poultry ventures across the globe.

Tata Capital Financial tightens lending norms for auto & allied sector

Tata Capital Financial tightens lending norms for auto & allied sector

Besides, the company has moderated its growth forecast for 2019-20 to 20 per cent as against 25 per cent growth in the last financial year due to signs of overall decline in the Indian economy, a senior official said.

NCLT clears consolidation of 13 Videocon units' insolvency

NCLT clears consolidation of 13 Videocon units' insolvency

The landmark move is expected to quicken Videocon’s insolvency resolution and could pave the way for faster processing of other bankruptcy cases.

How RBI helps NBFCs to lower borrowing costs

How RBI helps NBFCs to lower borrowing costs

Mahindra Finance, Tata Capital, and PNB Housing Finance are now seeking shorter-tenor, MCLR-linked bank borrowings to raise disbursements ahead of India’s festival season beginning early autumn.

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT expresses displeasure over delay in IL&FS resolution

The tribunal directed the Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3 ahead of the next hearing on September 5.

Ministry names 4 domestic auditors to restate IL&FS books

Ministry names 4 domestic auditors to restate IL&FS books

The move comes even as the ministry awaits the NCLT view on banning Deloitte, Haskins & Sells and BSR Associates, which were the statutory auditors of these companies before going belly up.

Reliance Capital joint auditors say no Companies Act breach; reject PWC allegations

Reliance Capital joint auditors say no Companies Act breach; reject PWC allegations

The filing further said the board also took note of the views of legal experts who independently carried out an in-depth examination of the matter and the issues raised by PWC.

FINANCE STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Financial Services12450.4-82-0.650
HDFC2090.1-23.95-1.132966933
Bajaj Finance3294.1-33.95-1.021688717
Bajaj Finserv7236.15-140.5-1.9427881
HDFC LIFE INSURANCE527.93.350.6410083216
UTI Master Plus 91 Unit Scheme0000
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