Search result for 'net worth'

Sebi Allows Bharat Global Developers Trading with Conditions

March 26, 2025 18:05

Sebi lifts trading suspension on Bharat Global Developers shares, but imposes conditions including disclosure of financial numbers before April 15. The move comes after investor complaints about...

Indian Super Rich Migration: 22% Seek New Homes - Survey

March 26, 2025 16:38

A new survey reveals 22% of India's super-rich are considering migrating, citing factors like living conditions, business environment, and better standard of life abroad. Learn more about their top...

IREDA Raises Rs 910 Crore via Bonds for Green Energy Financing

March 25, 2025 19:21

State-owned IREDA raised Rs 910 crore through bond issuance to enhance Tier-II capital and support green energy financing, reflecting investor confidence in its financial strength and strategic...

IndusInd Bank Shares Plunge 5% on Accounting Discrepancies

March 25, 2025 17:17

IndusInd Bank shares plummeted over 5% after reports of accounting discrepancies in its derivatives portfolio. PwC's report is expected to reveal the extent of the issue and the bank's losses.

PwC to Submit IndusInd Bank Accounting Discrepancies Report

March 25, 2025 12:23

External auditor PwC is set to submit a report on accounting discrepancies in IndusInd Bank's derivatives portfolio, potentially impacting the bank's net worth. The report is expected to highlight...

Sebi Proposes Separate Business Units for Brokers in GIFT-IFSC

March 21, 2025 17:26

Sebi proposes to allow brokers to carry out securities market activities in GIFT-IFSC through separate business units, eliminating the need for subsidiary approvals.

IndusInd Bank Investigates Accounting Discrepancies

March 21, 2025 10:40

IndusInd Bank appoints a firm to investigate accounting discrepancies in its derivatives portfolio, impacting 2.35% of net worth. The bank is assessing the impact and identifying the root cause.

IndusInd Bank Promoters To Up Stake Amidst Loss: Hinduja

March 18, 2025 21:55

IndusInd Bank's promoters, Hinduja Group, are looking to increase their stake despite a recent accounting discrepancy that led to a loss in net worth. The bank's CEO received a one-year extension,...

IndusInd Bank Credit Rating Under Review: Moody's Downgrade

March 18, 2025 18:47

Moody's has placed IndusInd Bank's baseline credit assessment under review for a possible downgrade following a Rs 2,100 crore accounting discrepancy. The RBI has assured customers that the bank...

IndusInd Bank Stock Surges After RBI Assures Stability

March 17, 2025 11:02

IndusInd Bank shares jumped nearly 6% after the Reserve Bank of India reassured customers of the bank's financial stability, despite an accounting discrepancy. The RBI has directed the bank's board...

RBI Directs IndusInd Bank to Complete Remedial Action

March 15, 2025 13:43

The Reserve Bank of India has directed IndusInd Bank to complete remedial action this quarter after a discrepancy of Rs 2,100 crore was found in its accounting. RBI assures that the bank's...

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

March 13, 2025 22:18

The ICAI may review IndusInd Bank's financial statements after discrepancies in accounting to the tune of Rs 2,100 crore were found. The bank's derivatives portfolio is under scrutiny for a...

HDFC Mutual Fund Increases IndusInd Bank Stake to 5%

March 13, 2025 20:26

HDFC Mutual Fund has increased its stake in IndusInd Bank to over 5%, buying 15.92 lakh shares despite recent accounting discrepancies. This comes after IndusInd Bank disclosed a Rs 2,100 crore...

IndusInd Bank Hit by Rs 2,100 Cr Accounting Lapse: Shares Tank 27%

March 11, 2025 17:42

IndusInd Bank reports a Rs 2,100 crore accounting discrepancy in its derivatives portfolio, impacting its net worth. The bank assures adequate reserves but shares plummet 27%.

IndusInd Bank Stock Plunges 23%, Hits 52-Week Low

March 11, 2025 11:04

IndusInd Bank shares tanked 23% on Tuesday after the lender reported discrepancies in its derivatives portfolio, impacting its net worth. The stock hit a 52-week low.

IRCTC, IRFC Upgraded to Navratna: All 7 Listed Railway PSUs Now Have Status

March 3, 2025 19:42

IRCTC and IRFC have been upgraded to Navratna status, making all 7 listed railway PSUs Navratnas. The move gives them greater autonomy and financial flexibility.

IRCTC & IRFC Upgraded to Navratna Status

March 3, 2025 16:21

IRCTC and IRFC have been upgraded to Navratna status by the Indian government. The Railway Minister congratulated both CPSEs on this achievement.

Sebi Extends Deadline for Secretarial Compliance Report Comments

February 28, 2025 21:59

Sebi has extended the deadline for public comments on proposed changes to the annual secretarial compliance report, auditor appointment criteria, and related party transaction thresholds for listed...

SpiceJet Posts Rs 26 Crore Profit in Dec Quarter

February 26, 2025 01:39

SpiceJet reported a Rs 26 crore profit in the December 2024 quarter, driven by strong passenger demand and improved operational efficiency. The airline also raised Rs 3,000 crore from investors.

Moneyboxx Finance AUM Rises 56% to Rs 837 Cr

February 24, 2025 16:44

Moneyboxx Finance reports 56% AUM growth to Rs 837 crore, driven by branch expansion and secured lending. The company also strengthened its capital position with an equity raise.

InCred Acquires Arrow Capital: Expanding Global Reach

February 18, 2025 16:11

India's InCred Group acquires Dubai-based Arrow Capital, expanding its global wealth management, investment banking, and asset management capabilities.

Sebi Bans Two Portfolio Managers for Net Worth Breach

February 17, 2025 21:19

Sebi barred Scient Capital and DGS Capital Management from onboarding new clients after they failed to maintain the minimum net worth of Rs 5 crore as mandated under the portfolio managers rules.

Luxury Car Market in India: Growth Potential and Audi's Outlook

February 17, 2025 15:35

Audi India head Balbir Dhillon predicts luxury car market growth to 5% of total car sales, highlighting India's economic potential and growing demand for luxury vehicles.

DBS Bank India Opens Flagship Branch in Coimbatore

February 14, 2025 20:06

DBS Bank India has opened a new flagship branch in Coimbatore to serve high net worth individuals, large corporates, and SMEs. The branch offers a full suite of offerings to NRIs and private...

PFC Net Profit Jumps 23% to Rs 7,760 Cr in Dec Quarter

February 12, 2025 14:49

Power Finance Corporation (PFC) has reported a 23% rise in its consolidated net profit to Rs 7,759.56 crore in the December quarter, driven by higher revenues. The company's renewable energy...

Sebi Allows Stock Brokers to Trade Govt Securities

February 11, 2025 20:57

Sebi has permitted registered stock brokers to trade in government securities under a separate business unit. This decision follows RBI's recent notification allowing access to the Negotiated...

Sebi Proposes Changes to Corporate Governance Rules

February 9, 2025 10:44

Sebi proposes changes to corporate governance rules, including revised format for annual secretarial compliance report, auditor appointment norms, and RPT thresholds.

Kotak Family Buys 12 Flats in Worli Sea Face for Rs 202 Cr

February 6, 2025 20:58

Billionaire Uday Kotak and his family have purchased 12 luxury apartments in Mumbai's Worli Sea Face for Rs 202 crore, marking one of the most expensive real estate deals in the country.

Reliance Power Shares Surge After Q3 Profit

February 6, 2025 11:16

Reliance Power shares jumped over 10% on Thursday after the company reported a net profit of Rs 41.95 crore in the December quarter, driven by higher income.

Reliance Power Posts Q3 Profit: Rs 42 Cr, Zero Bank Debt

February 5, 2025 21:41

Reliance Power reported a net profit of Rs 41.95 crore in the December quarter, driven by higher income. The company also achieved zero bank debt status and saw strong performance at its power plants.

NSE Clearing Fails to Meet Liquidity Norms: Rs 176.65 Cr Shortfall

February 5, 2025 13:48

NSE Clearing Ltd has failed to meet Sebi's liquidity requirements due to pending dues from BSE. The shortfall of Rs 176.65 crore is attributed to non-payment of Rs 312.37 crore by BSE.

National Seeds Corp Declares Rs 35.3 Cr Dividend for 2023-24

February 4, 2025 19:03

National Seeds Corporation Ltd (NSC) has declared a final dividend of Rs 35.30 crore for FY 2023-24, representing 5% of its net worth. This is the highest-ever dividend for NSC, highlighting its...

Ujjivan Small Finance Bank Applies for Universal Banking License

February 4, 2025 17:53

Ujjivan Small Finance Bank has applied to the RBI for a universal banking license, aiming to expand its offerings and serve a wider customer base.

NFRA Fines Auditor for Lapses in Religare Finvest Case

February 3, 2025 18:22

The National Financial Reporting Authority (NFRA) has penalized an auditor for failing to detect fraud and comply with audit rules in the Religare Finvest case. The auditor was barred from taking...

Constelli Raises USD 3 Million for Defence Tech Innovation

January 16, 2025 21:59

Defence tech startup Constelli secures USD 3 million from Pravega Ventures, funding R&D for future products. This investment aims to drive innovation in the sector.

H-1B Visa: Sanders Criticizes Use for Lower-Paid Workers

January 16, 2025 21:54

Senator Bernie Sanders slams H-1B visa program, arguing it replaces American jobs with lower-paid guest workers and benefits corporations over workers. He proposes legislation to raise wages and...

Fambo Raises Rs 21 Cr for Foodtech Growth

January 16, 2025 15:24

Fambo, a foodtech startup connecting farmers with restaurants, raises Rs 21 crore in funding to expand its business and establish an export vertical.

Truhome Finance: Shriram Housing Finance Rebrands

January 15, 2025 21:59

Shriram Housing Finance rebrands as Truhome Finance following its acquisition by Warburg Pincus and co-investors. The new brand aims to provide affordable housing finance and empower individuals to...

IREDA Net Profit Jumps 27% to Rs 425 cr in Q3

January 10, 2025 09:41

IREDA's net profit soared 27% to Rs 425.37 crore in Q3 FY25, driven by higher revenues. Revenue from operations also witnessed a significant increase.

Reliance Power Arm Pays USD 150 Million Debt

January 1, 2025 16:40

Reliance Power's Sasan Power Ltd. has paid USD 150 million to IIFCL, fulfilling its debt obligation. This repayment will improve the company's financial standing and enhance its credit rating....

NFRA Fines Auditors Rs 8 Lakh in DB Realty Case

December 24, 2024 21:32

The National Financial Reporting Authority (NFRA) has penalized two auditors Rs 8 lakh for professional misconduct in connection with the audit of DB Realty for FY16. The penalty includes a...

Rajasthan Investment Summit: Congress Calls it a Ploy to Favor Industrialists

December 19, 2024 16:06

Congress accuses Rajasthan government of misleading people with the Rising Rajasthan Global Investment Summit, alleging it''s a ploy to give free land to industrialists. The opposition...

Shriram Finance Raises USD 1.27 Billion through ECB

December 18, 2024 21:46

Shriram Finance secures USD 1.277 billion through external commercial borrowing in multiple currencies, including US dollar, euro, and UAE dirham.

Unacademy Parent Narrows Losses in FY24

December 17, 2024 21:10

Unacademy's parent company, Sorting Hat Technologies, has reduced its losses to Rs 284.3 crore in FY24, down from Rs 1,591.2 crore in FY23. The company also faced a tax demand notice but is...

Sebi Amends Mutual Fund Rules: New Asset Class, MF Lite Framework

December 17, 2024 17:33

Sebi introduces a new asset class, Specialized Investment Funds (SIFs), and a liberalised MF Lite framework for passive schemes. The SIFs offer advanced investment strategies, while MF Lite aims to...

Hosiery Revenue to Grow 10-12% This Fiscal: Report

December 5, 2024 16:21

India's hosiery industry is projected to see 10-12% revenue growth in FY24, driven by rural demand revival, export boost, and improved margins. Crisil Ratings forecasts strong performance.

Godrej Properties Raises Rs 6K Cr for Land Acquisition

December 3, 2024 13:26

Godrej Properties raises Rs 6,000 crore via QIP to fuel land acquisitions and expand its residential business amid strong demand. The company saw a 4x demand for its QIP issue, with participation...

SBI Funds Management Appoints Nand Kishore as MD & CEO

November 28, 2024 13:37

SBI Funds Management has appointed Nand Kishore as its Managing Director and Chief Executive Officer, succeeding Shamsher Singh. Kishore brings over 34 years of experience from SBI.

IFFCO MD Wins ICA's Rochdale Pioneers Award

November 27, 2024 13:16

IFFCO's MD U S Awasthi receives the prestigious Rochdale Pioneers Award from the International Cooperative Alliance (ICA) for his contributions to the cooperative sector in India.

Adani's Dharavi Project Gets Boost After BJP Win

November 23, 2024 16:26

BJP's victory in Maharashtra ensures the continuation of Adani's USD 3 billion Dharavi redevelopment project, which was opposed by the Shiv Sena. The project aims to transform Asia's largest slum...

Sebi Strengthens MII Governance: Whistleblower Complaints, RegTech & More

November 22, 2024 21:13

Sebi mandates MIIs to resolve whistleblower complaints within 60 days, adopt RegTech and SupTech, and enhance governance practices. Learn about the new guidelines for stock exchanges and other...

Gautam Adani Faces Bribery Charges: A Look at His Rise & Controversies

November 21, 2024 18:25

Gautam Adani, India's richest man, faces US charges of bribery and fraud. Learn about his journey from a diamond sorter to building a massive empire and the controversies he faced along the way.

India's CAD Manageable Due to Strong Services Exports: Goyal

November 19, 2024 20:23

India's Commerce Minister Piyush Goyal says the country's current account deficit is manageable due to strong services exports, highlighting India's growing economic strength.

DIPAM Revises Capital Restructuring Norms for CPSEs

November 18, 2024 21:43

DIPAM issues revised guidelines for CPSE capital restructuring, mandating higher dividend payouts and introducing share buyback options. Learn more about the new norms.

Sebi to Overhaul Custodian Rules: Enhanced Reporting, Control Changes

November 13, 2024 19:45

Sebi proposes a standardized framework for control changes, updated reporting requirements, and a new code of conduct for custodians, aiming to modernize regulations in line with industry growth.

PFC Q2 Profit Up 9% to Rs 7,215 cr: Key Highlights

November 8, 2024 16:49

Power Finance Corporation (PFC) reported a 9% rise in Q2 profit to Rs 7,215 crore, driven by higher revenues. The company also witnessed growth in loan assets and a decline in bad loans.

Reliance Power Arm Rosa Becomes Zero-Debt Firm

November 6, 2024 18:10

Rosa Power, a Reliance Power subsidiary, has become a zero-debt company after prepaying Rs 485 crore to Varde Partners, a Singapore-based lender. The company is now focusing on green energy...

Jindal Steel Q2 Profit Falls 38% to Rs 860 Cr

November 6, 2024 17:20

Jindal Steel and Power Ltd (JSPL) reported a 38% decline in consolidated net profit for the September quarter, attributed to lower revenue. Gross income fell to Rs 13,025 crore from Rs 14,128 crore...

Akasa Air Posts Rs 1,670 Cr Loss in FY24

November 5, 2024 21:33

Akasa Air's losses widened to Rs 1,670.06 crore in FY24 despite a surge in revenue. The airline, which commenced operations in August 2022, saw its total income jump to Rs 3,144.38 crore.

India Home Textiles Forecast: 6-8% Growth in FY25

November 5, 2024 19:40

India's home textile industry is expected to grow 6-8% in FY25, driven by US demand and domestic expansion, according to a Crisil Ratings report.

HDB Financial Services Files Rs 12,500 Cr IPO - Sebi

October 31, 2024 11:11

HDB Financial Services, a subsidiary of HDFC Bank, has filed draft papers with Sebi for a Rs 12,500 crore IPO, including a fresh issue and OFS. The IPO aims to strengthen the company's capital...

Chola MS General Insurance PBT Rises 60% to Rs 350 cr

October 29, 2024 12:37

Chola MS General Insurance reported a 60% increase in profits before tax for the six months ending September 30, 2024, reaching Rs 350 crore. The company attributed the rise to non-recurring income...

Federal Bank Q2 Profit Rises 11% to Rs 1,057 Cr

October 28, 2024 20:42

Federal Bank reported an 11% increase in net profit to Rs 1,057 crore in Q2 FY25, driven by strong interest income and improved asset quality. Learn more about the bank's financial performance.

REC Q2 Profit Up 7% to Rs 4,037 Cr, Loan Disbursement at Rs 47,303 Cr

October 26, 2024 17:42

REC Ltd's net profit rose 7% to Rs 4,037.72 crore in Q2 FY25, driven by higher income. Loan disbursement stood at Rs 47,303 crore, with Rs 5,946 crore allocated to renewable energy.

JSW Energy Q2 Profit Up Marginally to Rs 853 cr

October 24, 2024 19:16

JSW Energy reported a marginal rise in its consolidated net profit at Rs 853 crore for the September 2024 quarter, driven by higher generation at thermal and hydro plants and wind capacity additions.

Reliance Power Raises Rs 1,525 Crore via Preferential Shares

October 24, 2024 11:46

Reliance Power has received shareholder approval to raise Rs 1,524.60 crore through the issuance of preferential shares. The funds will be used for business expansion, debt reduction, and general...

Sebi Bans First Overseas Capital From Lead Manager Role

October 23, 2024 21:19

SEBI has barred First Overseas Capital from acting as a lead manager for new debt securities mandates due to alleged violations of merchant banker rules. The regulator also issued a show cause...

SBI Life Q2 Profit Surges 39% to Rs 529 cr

October 23, 2024 15:49

SBI Life Insurance reported a 39% jump in net profit to Rs 529 crore for Q2 FY25, driven by strong premium growth and asset management performance. Read more.

Reliance Infra Gets Nod for Rs 6,000 Crore Fundraising

October 20, 2024 20:11

Reliance Infrastructure shareholders approve Rs 6,000 crore fundraising plan through preferential issue of shares and QIP. The proceeds will be used for business expansion and working capital.

HDFC Bank to Sell Shares in HDB Financial Services - IPO News

October 19, 2024 20:38

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB Financial Services through an IPO, including a fresh issue and an offer for sale.

Luggage Industry Growth to Slow in FY25: Report

October 14, 2024 16:54

Organised luggage makers' revenue growth is expected to decline 8-10% in FY25, driven by a high base and increased competition, according to a report by Crisil Ratings.

IRFC CMD: Manoj Kumar Dubey Takes Charge

October 10, 2024 18:05

Manoj Kumar Dubey, a 1993-batch IRAS officer, has taken charge as CMD of Indian Railway Finance Corporation (IRFC). He previously served as Director (Finance) of CONCOR. IRFC plays a key role in...

Anil Ambani's Reliance Group Raises Rs 17,600 Crore for Growth

October 6, 2024 14:01

Reliance Infrastructure and Reliance Power secure Rs 17,600 crore funding through equity and debt instruments to fuel future expansion plans.

Sebi Proposes Broker G-Sec Trading via RBI System

October 4, 2024 21:13

Sebi proposes allowing registered stock brokers to trade in government securities (G-Secs) through RBI-managed electronic system, aiming to facilitate retail participation.

BoB Sells Oman Operation to Bank Dhofar - Rationalizing Foreign Operations

October 3, 2024 17:38

State-owned Bank of Baroda (BoB) has announced plans to sell its Oman operations to Bank Dhofar. This move is part of BoB's strategy to rationalize its foreign operations. The transaction is...

Sebi Approves 'Light-Touch' Rules for Passive Mutual Funds

September 30, 2024 22:40

Sebi board has approved relaxed rules for passive mutual fund schemes, aiming to promote ease of entry, encourage new players, and boost market liquidity.

REC Raises USD 500 Million via Green Bond

September 28, 2024 20:17

REC Ltd has raised USD 500 million through green dollar bonds to finance renewable energy projects. This is the first US dollar bond issuance from an Indian public sector enterprise in 2024.

Reliance Infra to Raise Funds, Board Meeting on Oct 1

September 26, 2024 19:56

Reliance Infrastructure's board will meet on October 1 to consider raising long-term resources through equity shares, warrants, and other methods. The company aims to enhance its capital base and...

Reliance Power Subsidiary Rosa Power Prepays Debt

September 25, 2024 17:58

Rosa Power, a subsidiary of Reliance Power, has prepaid Rs 850 crore of its debt to Varde Partners. The company aims to be debt-free by the end of the current financial year.

NMDC Iron Ore Output Grows 10% in FY24

September 24, 2024 18:47

NMDC achieved record production and sales of iron ore in FY24, with output rising 10% to 45 million tonnes and sales up 16% to 44.48 million tonnes. The company's CMD highlighted the strong...

Reliance Power to Raise Rs 1,525 Cr via Preferential Issue

September 24, 2024 12:24

Reliance Power seeks shareholder approval to raise Rs 1,525 crore through a preferential issue, with promoters investing Rs 600 crore. The proceeds will be used for business expansion, debt...

Anil Ambani's Reliance Group Transformation: Debt Reduction & Fund Raising

September 22, 2024 18:03

Reliance Group, led by Anil Ambani, embarks on a transformation journey with debt reduction and fund raising initiatives. The group aims to solidify its financial position and invest in growth...

HDFC Bank Approves Rs 2,500 Crore IPO for HDB Financial Services

September 20, 2024 18:32

HDFC Bank has cleared a Rs 2,500 crore IPO for its subsidiary HDB Financial Services. The move follows RBI's mandate for upper-layer NBFCs to list.

Reliance Infra Gets Rs 1,100 Crore Infusion from Promoters

September 20, 2024 11:44

Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from promoters and Rs 1,910 crore from Mumbai-based investors. The company seeks shareholder approval for the fund raise...

Reliance Infra Approves Rs 3,014 Crore Fundraise

September 19, 2024 21:30

Reliance Infrastructure's board approves a Rs 3,014 crore fundraise through a preferential issue of equity shares to promoter group companies and other investors. The funds will be used for...

Reliance Infra Shares Surge 20% on Debt Reduction

September 18, 2024 17:01

Reliance Infrastructure shares soared 20% after the Anil Ambani-led firm slashed its standalone debt by 87% to Rs 475 crore. The stock hit its upper circuit limit on the BSE and NSE.

Reliance Infra Slashes Debt by 87%, Reduces to Rs 475 Crore

September 18, 2024 12:34

Reliance Infrastructure Ltd has slashed its standalone debt by 87 percent to Rs 475 crore after clearing dues to LIC, ICICI Bank and other lenders.

Moneyboxx Finance Raises Rs 176 Crore for Growth

September 13, 2024 18:20

Moneyboxx Finance, a NBFC providing business loans to micro entrepreneurs, raised Rs 176 crore to support its growth plans. The capital raise includes Rs 63 crore via preferential equity issue and...

Wealthy Indians Send Kids Overseas for Education: Survey

September 11, 2024 17:20

A survey of wealthy Indians reveals that over 78% are planning to send their children overseas for education, with the US, UK, Canada, Australia, and Singapore being top destinations.

Elon Musk First Trillionaire by 2027: Report

September 9, 2024 17:17

Report predicts Elon Musk will be the world's first trillionaire by 2027, followed by Gautam Adani in 2028 and Mukesh Ambani in 2033.

AU Small Finance Bank Seeks Universal Bank License

September 3, 2024 19:19

AU Small Finance Bank has applied to the RBI for a universal bank license, aiming to transition from a small finance bank. The bank meets the required criteria, including a net worth of Rs 1,000...

Hyderabad Airport Launches Exclusive Private Jet Terminal

September 2, 2024 18:41

Rajiv Gandhi International Airport in Hyderabad unveils a new state-of-the-art general aviation terminal catering to private jet owners and users, offering unparalleled comfort and bespoke services.

Govt to Amend CPSE Capital Restructuring Guidelines

September 1, 2024 14:13

The Indian government is revising its 2016 guidelines on CPSE capital restructuring, focusing on dividend payments, bonus issues, and share buybacks. The amendments aim to optimize government...

Trishneet Arora: 6th Youngest Indian on Hurun Rich List

September 1, 2024 13:09

Trishneet Arora, founder of TAC Security, ranks 6th youngest Indian on Hurun Rich List 2024 with a net worth of Rs 1,100 crore, highlighting India's growing tech sector.

NRL Records Rs 23,731 Crore Revenue in FY24

August 30, 2024 20:29

Numaligarh Refinery Limited (NRL) achieved a revenue of Rs 23,731 crore and a net profit of Rs 2,160 crore in FY24, despite challenges in the first quarter. The company also declared a final...

Sebi Tightens Merchant Banker Rules: Net Worth Increased 10x

August 28, 2024 22:11

Sebi proposes stricter norms for merchant bankers, raising net worth requirements to Rs 50 crore and categorizing them based on net worth and activities. The regulator also seeks to enhance...

Reliance Power, Home Finance Hit Lower Circuit Limits After Sebi Ban

August 27, 2024 17:49

Shares of Reliance Power and Reliance Home Finance hit lower circuit limits after Sebi barred Anil Ambani and others from the securities market for five years due to fund diversion allegations.

NeoLiv & Royal Green Realty Partner for 20-acre Haryana Project

August 27, 2024 11:17

NeoLiv enters North India with a 20-acre housing project in Kundli-Sonipat, Haryana, in partnership with Royal Green Realty. The project will feature premium villas, independent floors and...

Reliance Shares Hit Lower Circuit: Ambani Banned by Sebi

August 26, 2024 11:41

Shares of Reliance Home Finance, Reliance Power, and Reliance Communications hit lower circuit limits after Sebi barred Anil Ambani from the securities market for five years due to fund diversion...

Anil Ambani: Sebi Orders RHFL Management Defied Board on Lending

August 23, 2024 18:37

Sebi finds Anil Ambani behind fund diversion at RHFL, alleging management defied board diktat on lending practices and approved loans to unworthy creditors.

Sebi Bans Anil Ambani, 24 Entities From Securities Market for 5 Years

August 23, 2024 10:56

Sebi bans Anil Ambani and 24 other entities, including former Reliance Home Finance officials, from the securities market for 5 years for fund diversion.

Sonata Finance Merges with BSS Microfinance: Kotak Bank

August 12, 2024 20:55

Kotak Mahindra Bank's subsidiaries, Sonata Finance and BSS Microfinance, have approved a merger. The amalgamation is subject to shareholder, creditor, and regulatory approvals.

Neo Group Raises Rs 400 Cr from MUFG & Euclidean Capital

August 12, 2024 13:45

Neo Group, a wealth and asset management firm, secured Rs 400 crore in funding from MUFG Bank and Euclidean Capital. The funds will be used to expand its wealth management division and enhance...

Hindenburg Accuses Sebi Head of Adani Scandal Ties

August 10, 2024 22:48

Hindenburg Research alleges Sebi chairperson Madhabi Buch and her husband had stakes in offshore funds linked to the Adani money siphoning scandal, raising further questions about the regulator's...

Gautam Adani Retirement: No Date Set, Succession Plan in Motion

August 7, 2024 18:08

Gautam Adani has denied setting a retirement date, contrary to recent reports. He emphasizes a gradual succession plan involving his sons and nephews, ensuring business sustainability.

Sebi Eases Norms for Investment Advisers, Analysts

August 6, 2024 21:19

Sebi proposes to relax qualification and experience requirements for investment advisers and research analysts, aiming to curb unregulated financial influencers. The regulator also proposes to...

Tamilnad Mercantile Bank Q1 FY24 Profit Rises 9.97% to Rs 287.29 cr

August 3, 2024 15:21

Tamilnad Mercantile Bank (TMB) reported a 9.97% rise in net profit for the April-June 2024 quarter, reaching Rs 287.29 crore. This growth was driven by an increase in interest income. The bank also...

Aptus Value Housing Q1 PAT Up 21% to Rs 171.74 cr

August 1, 2024 17:05

Aptus Value Housing Finance reported a consolidated profit after tax of Rs 171.74 crore in Q1 FY25, driven by business growth, stable asset quality, and higher productivity.

Godfrey Phillips Exits Retail Business: 24Seven Brand Out

July 31, 2024 20:23

Godfrey Phillips India Ltd will exit its retail business under the '24Seven' brand after a court lifted an injunction. The decision follows a board decision in April and a legal dispute involving...

REC Q1 Net Profit Surges 16.57% to Rs 3,460 Cr, Loan Book Hits Rs 5.30 Lakh Cr

July 27, 2024 19:36

REC's consolidated net profit for Q1 FY25 jumped 16.57% to Rs 3,460 crore, driven by higher revenue. The company's loan book also expanded to Rs 5.30 lakh crore, indicating strong growth.

AU Small Finance Bank to Apply for Universal Bank Licence

July 25, 2024 20:43

AU Small Finance Bank plans to apply for a universal bank license from RBI by August end, aiming to expand its operations and reach a wider customer base.

JSW Energy Net Profit Soars 80% to Rs 522 Crore in Q1 FY25

July 19, 2024 19:14

JSW Energy reported an 80% jump in net profit to Rs 522 crore in Q1 FY25, driven by higher thermal business profitability and renewable energy contributions.

ASK Property Fund Invests Rs 190 Cr in Kalpataru Mumbai Project

July 18, 2024 11:18

ASK Property Fund has invested Rs 190 crore in a real estate project being developed by Kalpataru in Mumbai. The investment will be used for acquisition and working capital requirements.

Sebi Proposes New Asset Class for Investors with Rs 10-50 Lakh

July 16, 2024 18:00

Sebi proposes a new asset class between mutual funds and PMS for investors with Rs 10-50 lakh, offering higher risk, flexibility, and regulated structure.

SpiceJet Posts Sixfold Profit Jump in March Quarter

July 15, 2024 21:51

SpiceJet reported a sixfold jump in its standalone profit to Rs 119 crore in the January-March quarter of 2023-24, driven by improved operational efficiency. The airline also signed a settlement...

HUL Sells Pureit Water Purification Business to AO Smith

July 15, 2024 16:52

Hindustan Unilever Ltd (HUL) has sold its water purification business, Pureit, to AO Smith India Water Products for USD 72 million. The deal is part of Unilever's global strategy to focus on core...

Anant Ambani Wedding: QR Codes, Wristbands, Lavish Celebrations

July 14, 2024 18:20

Anant Ambani, son of Mukesh Ambani, married Radhika Merchant in a lavish wedding with QR code entry, color-coded wristbands, and global celebrities.

Anant Ambani Wedding: Lavish Celebration with QR Codes, Wristbands

July 14, 2024 15:50

Asia's richest man Mukesh Ambani's son Anant Ambani's wedding to Radhika Merchant featured QR codes, colour-coded wristbands, and elaborate security measures.

Ireda Net Profit Soars 30% to Rs 383.69 Cr in Q1

July 12, 2024 23:04

Ireda, India's largest green financing NBFC, reports over 30% growth in net profit for Q1 FY24-25, reaching Rs 383.69 crore. The company also achieved record-breaking financial result publication...

Anant Ambani Marries Radhika Merchant in Star-Studded Wedding

July 12, 2024 22:35

Anant Ambani, youngest son of Mukesh Ambani, wed Radhika Merchant in a lavish ceremony attended by global celebrities, politicians, and business tycoons.

Sebi Extends Deadline for Stock Broker & Depository Submissions

July 4, 2024 21:31

Sebi extends deadline for annual audited accounts and net worth certificates by stock brokers and depository participants till October 31. The new deadline aims to ease compliance burden.

Sebi Proposes MF Lite Norms for Passive Funds

July 1, 2024 19:25

Sebi proposes relaxed regulations for passively managed mutual fund schemes, including reduced compliance requirements and eased entry barriers for MFs.

Ireda Sanctions Rs 37,354 Cr Loan in FY24

June 24, 2024 18:46

Ireda, a state-owned company, sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, achieving its highest ever sanction and disbursement.

Neo Asset Management's credit opportunities fund garners Rs 2,575 crore

June 11, 2024 13:45

Neo Asset Management's Special Credit Opportunities Fund, a Category II AIF, has raised Rs 2,575 crore in 15 months. The fund aims to provide customized credit solutions to profitable companies and...

Gautam Adani Overtakes Ambani as Asia's Richest

June 2, 2024 11:03

Gautam Adani has regained the title of Asia's richest person after a surge in his company's stock prices, surpassing Mukesh Ambani. Learn about the recent events that led to this shift in the...

RPSG Capital Ventures Closes Rs 550 Crore Fund

May 30, 2024 19:06

RPSG Capital Ventures, backed by RP Sanjiv Goenka Group, has closed its second fund at Rs 550 crore. The fund will invest in new-age consumer businesses across F&B, beauty, health & wellness,...

Shree Renuka Sugars Reports Q4 Loss on Higher Expenses

May 30, 2024 10:56

Shree Renuka Sugars Ltd reported a consolidated net loss of Rs 111.7 crore for the fourth quarter ended March 31, 2024, due to higher expenses. The company's total income rose to Rs 3,476.3 crore,...

Adani Enterprises to Raise USD 3.5 bn via QIP

May 28, 2024 15:28

Adani Enterprises, the flagship firm of Gautam Adani's conglomerate, has approved a fundraise of Rs 16,600 crore (USD 2 billion) through a qualified institutional placement (QIP). The fundraising...

SFBs & Universal Banks: Ex-Secy on RBI Restrictions

May 26, 2024 14:44

Former Financial Services Secretary D K Mittal suggests easing restrictions on Small Finance Banks (SFBs) to promote financial inclusion, saying most wouldn't seek universal bank status.

Gold Jewelry Retailers Revenue Growth Forecast FY25

May 22, 2024 16:48

Organised gold jewellery retailers are expected to see 17-19% revenue growth in FY25, driven by higher gold prices, while volume is likely to remain steady, according to a report by Crisil Ratings.

Reliance Completes Sale of REC Solar Norway

May 16, 2024 12:44

Reliance Industries Ltd has completed the sale of REC Solar Norway AS to Elkem ASA for USD 22 million. The sale includes REC Norway's kerf-based polysilicon manufacturing operations.

Haryana Approves New Excise Policy, Slight Liquor Duty Hike

May 15, 2024 22:33

Haryana Cabinet approves a new excise policy for 2024-25 with a slight increase in duty on IMFL and country liquor. The policy includes a QR code-based track and trace system and e-auction for...

IIFCL Profit Surges 44% to Record Rs 1,552 Crore in FY24

May 15, 2024 13:27

India Infrastructure Finance Company Ltd (IIFCL) reported a 44% rise in net profit to Rs 1,552 crore in FY24, driven by increased lending and reduced bad loans.

PFC Q4 Profit Soars 23% to Rs 7,556 Crore

May 15, 2024 13:21

Power Finance Corporation (PFC) reported a 23% increase in consolidated net profit for the March quarter FY24, driven by growth in its loan portfolio. The company also saw a significant increase in...

ASK Property Fund Exits Naiknavare Project, Doubles Investment

May 13, 2024 16:27

ASK Property Fund has exited its investment in Naiknavare Developers' Avon Vista project in Pune, achieving a 21% IRR and doubling its investment. The firm invested Rs 80 crore in 2018 and exited...

PSUs Thrive Under Modi, Congress Claims False: FM

May 8, 2024 11:47

Finance Minister Nirmala Sitharaman refutes Congress claims of PSU disarray, highlighting their growth under Modi government. She cites HAL's market valuation surge and CPSE net worth increase as...

Namdev Finvest AUM Crosses Rs 1,200 Cr in FY24

May 7, 2024 16:42

Namdev Finvest, a non-banking financial company focused on small business lending, has seen its assets under management (AUM) almost double to cross Rs 1,200 crore in FY24. The company has expanded...

Aptus Housing Finance Q4 PAT Up 21% to Rs 164 Cr

May 3, 2024 17:29

Aptus Value Housing Finance reported a 21% increase in profit after tax for Q4 FY24, reaching Rs 164 crore. Total disbursements also saw a significant rise.

Sebi Framework for Stock Exchange Supervision of Research Analysts and Investment Advisers

May 2, 2024 20:39

Sebi introduces a new framework allowing stock exchanges to oversee research analysts and investment advisers, outlining requirements and responsibilities for exchanges.

Rs 70,000 Cr Monetisation: 530 Lakh Sq Ft Office Space Eligible for SM-REIT

May 2, 2024 14:30

ICRA estimates 530 lakh sq ft office space eligible for SM-REIT listing, creating a Rs 67,000-71,000 crore monetisation opportunity. Learn about the new regulatory framework and potential impact on...

Rs 70,000 Crore Office Space Monetization via SM-REIT

May 2, 2024 14:30

ICRA estimates 530 lakh sq ft office space eligible for SM-REIT listing, creating a Rs 67,000-71,000 crore monetization opportunity. This comes after Sebi cleared amendments for SM REITs in 2023.

ASK Property Fund Generates Rs 354 Cr Return on QVC Realty Projects

April 29, 2024 16:15

ASK Property Fund, a Blackstone-backed real estate private equity arm, has generated a total return of Rs 354 crore on its investment in three projects of QVC Realty Developers, earning an annual...

Affluent Americans Boost US Economy, Delaying Fed Rate Cuts

April 29, 2024 15:52

Wealthy Americans, fueled by strong stock and housing markets, are driving consumer spending and inflation, impacting the Federal Reserve's plans to curb economic growth.

RBI Invites SFBs to Become Regular Banks

April 26, 2024 19:14

Reserve Bank of India invites applications from small finance banks meeting specified criteria to become regular or universal banks. The central bank outlines the eligibility criteria, including...

REC Secures JPY 60.5 bn Green Loan for India Projects

April 25, 2024 19:36

REC, an Indian NBFC, has secured a JPY 60.5 bn green loan from Italian export credit agency SACE to finance green projects in India, marking a significant milestone in sustainable financing.

REC to Fund 624 MW Kiru Hydro Project in J&K - Rs 1,869 cr Loan

April 24, 2024 18:06

REC Ltd will provide a Rs 1,869 crore loan for the 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir, developed by Chenab Valley Power Project Private Ltd.

IREDA Posts Record Rs 1,252 cr PAT in FY24, Q4 Profit at Rs 337 cr

April 19, 2024 22:09

IREDA's net profit surged 33% to Rs 337.37 crore in Q4 FY24, while its annual PAT hit a record Rs 1,252.23 crore, driven by higher income and loan growth.

India's Digital Public Infrastructure: The Future, Not Big Tech - Kant

April 18, 2024 14:25

India's G-20 sherpa Amitabh Kant says the global future will be driven by digital public infrastructure (DPI), not big tech firms. He urges investors to support India's startup movement.

Retail Investor Interest in Mutual Funds Growing - ICRA Analytics

April 17, 2024 17:51

ICRA Analytics reports a doubling of mutual fund folios in the last 5 years, driven by rising retail investor interest. Equity-oriented funds lead the way, with a significant increase in inflows.

RBI Draft Guidelines on Payment Aggregators - Key Updates

April 16, 2024 22:27

Reserve Bank of India issues draft guidelines to strengthen regulations on payment aggregators, covering KYC, escrow accounts, and physical POS activities. Learn more about the new rules and their...

Biden vs. Trump: Tax Day Shows Governing Split

April 15, 2024 11:41

Tax Day highlights contrasting tax policies and financial transparency between Biden and Trump, revealing a stark split in their governing approaches.

Mukesh Ambani Breaks Into Forbes Top 10 Richest: USD 116 Billion

April 3, 2024 19:22

Mukesh Ambani, Reliance Industries chairman, is now the 9th richest person in the world with a net worth of USD 116 billion, up from USD 83.4 billion in 2023. See the full Forbes Billionaires List.

First Small & Medium REIT to Launch in India: NAREDCO

April 3, 2024 18:12

India's first Small and Medium REIT (SM-REIT) is expected to launch within 6 months, enabling small investors to invest in rent-yielding properties with a minimum investment of Rs 10 lakh. Learn...

Sugar Mill Debt Relief: Govt Offers Restructuring && Settlement

March 1, 2024 19:50

Indian government offers debt restructuring and one-time settlement options for sugar mills under Sugar Development Fund (SDF) loans, aiming to provide relief to struggling factories.

India's Super Rich Invest 32% in Housing: Knight Frank

February 28, 2024 18:00

India's ultra-wealthy allocate 32% of their wealth to residential properties, both domestic and overseas, according to Knight Frank's The Wealth Report 2024. Mumbai ranks 8th on the Prime...

India's Ultra-Rich Surge: 13,263 UHNWIs in 2023 - Knight Frank

February 28, 2024 13:18

The number of ultra-high net worth individuals (UHNWIs) in India rose 6% in 2023 to 13,263, with Knight Frank predicting a further rise to nearly 20,000 by 2028.

India's Super Rich Invest 17% in Luxury Items: Report

February 28, 2024 12:49

Indian ultra-wealthy allocate 17% of investable wealth to luxury items, with watches, art, and jewelry leading the trend, according to Knight Frank.

New Startup Policy Approved in J&K: 2,000 Startups by 2027

February 22, 2024 18:21

Jammu & Kashmir approves a new startup policy aiming to establish 2,000 startups by 2027, providing seed funding, venture capital, and support for entrepreneurs.

REC Funds Damodar Valley Corp's Tubed Coal Mines - Rs 588 Cr

February 14, 2024 21:36

REC has provided Rs 588 crore to Damodar Valley Corporation (DVC) for developing tubed coal mines in the Damodar Valley region. The agreement aims to strengthen infrastructure and energy projects.

IndiGo Parent InterGlobe Aviation Q3 Profit Soars

February 5, 2024 11:48

InterGlobe Aviation, the parent company of IndiGo, reported a more than doubled profit after tax for the December 2023 quarter, leading to a surge in share prices.

IndiGo Q3 Profit Doubles to Rs 2,998 Cr, 70 Planes Grounded

February 2, 2024 19:47

IndiGo's profit more than doubled in Q3 to Rs 2,998.1 crore, but over 70 planes are grounded due to Pratt & Whitney engine issues. The airline's capacity and passenger traffic increased.

IndiGo Q3 Profit Surges to Rs 2,998 Crore - Business News

February 2, 2024 16:20

IndiGo's parent InterGlobe Aviation reported a more than doubled profit after tax of Rs 2,998.1 crore in Q3 FY24, marking its fifth consecutive profitable quarter.

VIL Q3 Net Loss Narrows, ARPU Up | Telecom News

January 29, 2024 21:46

Vodafone Idea (VIL) reports a narrowed net loss in Q3 FY24, driven by an exceptional gain. ARPU sees a 7.4% YoY rise. Read more about VIL's financial performance.

JSW Energy Q3 Profit Jumps 28% to Rs 231 Cr | Business News

January 23, 2024 18:44

JSW Energy's consolidated net profit surged 28% to Rs 231 crore in Q3 FY24 driven by higher revenues and strong thermal performance. Read more about the company's financial performance.

REC Q3 Profit Rises 13.5% to Rs 3,308.42 cr

January 23, 2024 17:37

REC Ltd's net profit surged 13.5% to Rs 3,308.42 crore in Q3 FY24 on higher revenues, while loan book grew by 21% to Rs 4.97 lakh crore. Read more.

Rolls-Royce Spectre: Mid-40s Opt for Luxury Electric Car

January 23, 2024 14:44

Rolls-Royce launches Spectre, its all-electric luxury car in India, attracting high net worth individuals in their mid-40s. Discover the features and pricing of this exclusive vehicle.

Braithwaite Profitability Hit by Leadership Transition

January 21, 2024 15:20

Braithwaite's profitability may dip in FY24 due to leadership transition challenges, impacting its order book and sales. The company is navigating a new leadership and seeking to regain momentum...

Jindal Stainless Q3 Profit Up 35%, Sales Rise 9% - ETMarkets

January 18, 2024 20:24

Jindal Stainless Ltd (JSL) reported a 35% jump in its Q3 net profit to Rs 691.22 crore, driven by lower expenses. Sales grew 9% to 5.12 lakh tonne, driven by strong domestic demand.

Luxury Real Estate Investment: Capital Appreciation Drives Wealthy Buyers - ISIR Survey

January 18, 2024 18:54

A new survey reveals that capital appreciation is the top motivator for wealthy Indians to invest in luxury real estate, with 44% citing it as their primary reason. The survey also highlights a...

Jindal Stainless Q3 Profit Soars 35% to Rs 691 Cr

January 18, 2024 16:04

Jindal Stainless Ltd (JSL) reported a 35% jump in its Q3 net profit to Rs 691.22 crore, driven by lower expenses. The company's total income also increased, while expenses decreased year-on-year.

CCEA Approves Rs 5,607 Cr Coal India Investments in Thermal Power Projects

January 18, 2024 15:17

The Cabinet Committee on Economic Affairs approved equity investments of Rs 5,607 crore by South Eastern Coalfields and Mahanadi Coalfields for two thermal power projects.

ICICI Prudential Life Q3 Profit Flat at Rs 227 Crore - PTI

January 17, 2024 20:59

ICICI Prudential Life Insurance reported a flat net profit of Rs 227 crore for the third quarter ended December 2023. The company's net premium income increased to Rs 9,929 crore.

RBI Seeks Input on Fintech SRO Framework

January 15, 2024 19:07

The Reserve Bank of India proposes a framework for recognising Self-Regulatory Organisations (SROs) in the fintech sector, aiming to balance innovation with consumer protection.

Reliance Sells REC Solar Norway for $22 Million

January 15, 2024 17:03

Reliance Industries Ltd has sold REC Solar Norway AS to Elkem ASA for USD 22 million. The sale follows Reliance's 2021 acquisition of REC Solar Holdings, part of Mukesh Ambani's green energy plans.

Startup IPM to Launch 100 Fuel Outlets in India

January 11, 2024 14:44

Indo Petroleum Marketing (IPM) plans to establish 100 fuel stations across India in the next five years, starting with Assam. The startup aims to provide various fuel options and EV charging...

RBI Raises Minimum Capital for Small Finance Banks to Rs 200 Crore

January 8, 2024 22:12

The Reserve Bank of India (RBI) has doubled the minimum capital requirement for small finance banks (SFBs) to Rs 200 crore. The move allows Payments Banks to upgrade to SFBs after five years of...

FirstCry IPO: Brainbees Solutions Files Draft Papers with Sebi

December 28, 2023 15:13

Brainbees Solutions, parent company of FirstCry, files draft papers with Sebi for an IPO. The IPO includes a fresh issue and an Offer For Sale by existing shareholders, including SoftBank and...

Future Enterprises Invites Bids for Insurance & Apparel Units

December 27, 2023 16:29

Future Enterprises, a Future Group firm, invites bids for assets including stakes in insurance business and apparel manufacturing units. The deadline for submission is February 27, 2024.

SoftBank Sells USD 310 Million in FirstCry Shares Ahead of IPO

December 25, 2023 17:40

SoftBank sold USD 310 million worth of shares in FirstCry, valuing the omnichannel retailer at USD 3.5-3.75 billion. FirstCry is expected to file for an IPO this week.

Zenex Acquires Ayurvet from Burman Family

December 14, 2023 21:05

Zenex, an animal health company, has acquired Ayurvet from the Burman family for an undisclosed sum. The deal strengthens Zenex's portfolio of offerings and expands its reach globally.

FinMin Empanels Bankers for CPSE Disinvestment via OFS

December 10, 2023 11:20

India's Finance Ministry invites bids for merchant bankers and legal advisors to assist in CPSE disinvestment through OFS and stock market dribbling.

Ultra-Luxury Homes Sales Surge in India: Anarock

November 30, 2023 18:39

Sales of ultra-luxury homes in India have surged to Rs 4,063 crore in 2023, driven by high demand from HNIs and C-suite professionals. Mumbai leads the way with 53 transactions, followed by...

Nandan Nilekani, Nikhil Kamath on Forbes Asia Philanthropy List

November 30, 2023 13:22

Nandan Nilekani, Nikhil Kamath, and K P Singh feature on Forbes Asia's Heroes of Philanthropy list for their significant contributions to various causes. Read more about their philanthropic endeavors.

Ultra-Luxury Home Sales Soar 3x in Top 7 Cities: Anarock

November 30, 2023 12:59

Sales of ultra-luxury homes priced above Rs 40 crore have jumped over threefold to Rs 4,063 crore so far this year across seven major cities, driven by strong demand from the super-rich, according...

Raymond CEO Probe: IiAS Calls for Interim CEO, Investigation

November 29, 2023 21:38

Proxy advisory firm IiAS urges Raymond's independent directors to appoint an interim CEO and investigate allegations against Chairman Gautam Singhania, including assault and misuse of company funds.

Raymond CEO Assures Business as Usual Amid Personal Issues

November 27, 2023 17:02

Raymond Chairman and Managing Director Gautam Singhania assures employees and board members that it is 'business as usual' despite personal issues, highlighting the company's strong performance and...

Fractional Property Ownership Boosted by Sebi Regulation: Experts

November 27, 2023 15:54

Sebi's new regulation for SM REITs will boost fractional ownership of real estate as an investment avenue, according to experts. Learn how this impacts investors and the market.

BSE SME Migration Guidelines: Rs 15 Crore Net Worth, 3-Year Listing Requirement

November 26, 2023 12:26

BSE has updated guidelines for SMEs migrating to the main board, requiring a minimum Rs 15 crore net worth, 3-year listing on the SME platform, and other criteria. Learn more.

hBits to Raise Rs 500 Cr for Real Estate AIF by 2025

November 26, 2023 11:02

hBits Asset Management aims to raise Rs 500 crore for its Alternate Investment Fund (AIF) by March 2025, focusing on commercial real estate in top Indian cities.

Sebi to Amend Rules for Small & Medium REITs

November 25, 2023 19:34

SEBI introduces new regulations for Small & Medium REITs (SM REITs) to facilitate fractional real estate investment, requiring a minimum asset value of Rs 50 crore. This aims to promote investor...

Arohan MFI Boosts Digital Lending for Higher Repayment Rates

November 25, 2023 12:40

Arohan Financial Services sees digital lending as a key growth driver, achieving 99% repayment rates and faster disbursements compared to traditional methods. The MFI aims to disburse Rs 160 crore...

Maharashtra Govt Allows Depts to Transact with 8 Private Banks

November 23, 2023 21:16

Maharashtra government allows its departments to open accounts and invest surplus funds in 8 private banks including HDFC Bank, ICICI Bank, Axis Bank, and more.

REC Net Profit Surges 39% to Rs 3,790 Cr in Q2

November 1, 2023 15:20

REC Ltd. reports a 39% rise in net profit to Rs 3,789.90 crore in the September quarter driven by higher revenues. The company also announced a second interim dividend of Rs 3.50 per share.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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