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July 27, 2019 No Responses

‘NBFC/HFC lending to real estate players down 48 per cent in FY’19 at Rs 27,000 cr’

New Delhi: Lending to real estate developers by non-banking finance companies and housing financeNSE -1.35 % firms (HFCs) fell by almost half to about Rs 27,000 crore because of liquidity crisis triggered by IL&FS default in September last, according to a report by property...

July 21, 2019 No Responses

L&T Finance Holdings Q1 profit up 2% at Rs 549 cr

L&T Finance Holdings (LTFH) July 19 reported an increase of 2 per cent in consolidated net profit at Rs 549 crore for the quarter ended June 30, 2019. The company’s net profit during April-June quarter of 2018-19 stood at Rs 538 crore. Total...

June 26, 2019 No Responses

81 lakh homes sanctioned under PMAY (Urban); investment of Rs 5 lakh crore: Hardeep Puri

Around Rs 5 lakh crore will be invested to build more than 81 lakh houses under the Pradhan Mantri Awas Yojana (Urban), Housing and Urban Affairs Minister Hardeep Puri said. He added that the handover of the one crore houses sanctioned...

March 27, 2019 No Responses

GMR Infra surges 9% as its airport biz gets investment proposal of Rs 8,000 cr

Shares of GMR Infrastructure (GIL) rose 9 percent in the early trade on Wednesday on proposed investment from Tata Group, GIC and SSG Capital worth Rs 8,000 crore. The company announced a proposed investment by Tata Group, an affiliate of GIC, Singapore’s....

February 1, 2019 No Responses

Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Motilal Oswal’s research report on Shriram City Union Finance Shriram City Union Finance’s (SCUF) PAT increased 2% YoY to INR2.6b in 3QFY19 – a 10% beat – largely driven by provision write-back of INR161m. On a PPoP basis, there was a...

January 19, 2019 No Responses

Fincare Small Finance Bank to raise Rs 250 cr for expansion

Fincare Small Finance Bank is planning to raise Rs 250-300 crore capital to fund its expansion plans in alendar year 2019. Disclosing this at a press conference to announce the launch of its operations in Hyderabad here on Friday, Rajeev...