Sundaram BNP Paribas Home Finance is now Sundaram Home Finance
BNP Paribas Personal Finance agreed to sell its 49.9% stake in Sundaram BNP Paribas Home Finance.
Buy L&T Finance, target price Rs 104: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 96.
Buy M&M Finance target price Rs 350: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 325.
Buy Power Finance Corporation, target price Rs 126: CK Narayan
CK Narayan recommended to keep stoploss at Rs 113.
Laptev Finance gets CCI nod to acquire Welspun's plates and coils biz
In a combination notice, CCI said "Welspun Corp Ltd and Laptev entered into a business transfer agreement on 31 March 2019, wherein Welspun has agreed to sell, assign, transfer, convey and deliver, and Laptev has agreed to purchase and acquire the Target Business from Welspun as a going concern on a slump sale basis."
ET Awards: A Bandhan that ties micro credit, branch banking and home finance
Bandhan's acquisition of Gruh Finance helped pare down promoter holding to 62% and diversify into loan assets.
Stock pick of the week: Why analysts are bullish on M&M Finance
With its focus on financing of used vehicle sales along with the improvement in its asset quality, M&M Fin improved its market share during these difficult times. The company is also trading at reasonable valuations, unlike other NBFCs.
Share market update: NBFC stocks mixed; PNB Housing surges 8%
The NSE Nifty50 index was trading 44.20 points up at 11928.7.
Finance Commission likely to get extension for working on devolution to UTs of J&K, Ladakh
According to the Act, the distribution of taxes suggested by the 15th Finance Commission to the state of Jammu and Kashmir will have to be apportioned to the Union Territories of J&K and Ladakh. The award made by the Fourteenth Finance Commission to the existing state of Jammu and Kashmir will be apportioned between the successor Union territories of J&K and Ladakh.
Muthoot Finance expects over 15% AUM growth after Q3 and Q4: George Alexander Muthoot
We have already grown by Rs 1,300 crore of portfolio in the last six weeks.
Stocks in news: AU Small Finance, Unichem Labs, Bombay Burmah, Moil and Eris
Here are the top stocks that are likely to be in focus in today's tradingStocks in news: AU Small Finance, Unichem Labs, Bombay Burmah, Moil...
Family finance: Prakashs need to speed up investment, revamp insurance portfolio to achieve goals
For retirement, the couple has estimated a need of Rs 4.6 crore in 12 years and can assign their EPF, NPS, stocks and mutual funds. Their other goals include building an emergency corpus, taking a vacation and saving for their son’s wedding.
Share market update: NBFC stocks mixed; AIIL gains 5%
The NSE Nifty50 index was trading 2.40 points up at 11,897.85.
India’s only largecap that vaulted 1,000% in last 5 years still has some steam left
Net profit of the company grew over 40 per cent annually (CAGR) during these five years.
Share market update: Nifty Financial Services index up; Indiabulls Housing gains 2%
The Nifty Financial Services index was trading 0.20 per cent up at 14,031.35 around 12:08 pm.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service