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

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

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...
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Fincare Small Finance Bank to raise Rs 250 cr for expansion

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...
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LIC posts profit of Rs 26,147.52 crore in financial year 2017-18

LIC posts profit of Rs 26,147.52 crore in financial year 2017-18

State-owned Life Insurance Corporation of India (LIC) has reported a growth of 29 per cent in its net profit at Rs 26,147.52 crore in FY18, said Shiv Pratap Shukla, Union Minister of State for Finance, in Lok Sabha today. Shukla,...
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Maharashtra Cabinet Approves Rs. 150 Crore Relief For Onion Farmers

Maharashtra Cabinet Approves Rs. 150 Crore Relief For Onion Farmers

The compensation will cover a total of 75 lakh metric tons of onions (Representational) Mumbai:  The Maharashtra cabinet has approved Rs. 150 crore as relief to onion farmers who had to sell their produce at low prices. According to Maharashtra’s...
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Private equity inflows in real estate at Rs 112 billion; office sector leads investments

Private equity fund inflows in real estate increased 9 percent year-on-year in the first three quarters of 2018 and stood at Rs 378.15 billion. The investment volume in the third quarter stood at Rs 112.12 billion, a report by Cushman...
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