Menu
Menu
TVS Holdings has received approval from the RBI for its acquisition of Home Credit India Finance, marking a major shift in control and governance. The deal involves changes in ownership and the appointment of new directors, signaling a strategic transformation aimed at driving growth and innovation in India’s consumer finance sector.
Federal Bank's shares surged 8% after the announcement of impressive Q2 earnings, revealing an 11% increase in net profit to Rs 1,057 crore. This strong performance has sparked investor enthusiasm, positioning the bank as a key player in the financial sector. Dive into the details of the earnings report and what it means for future investments.
In Q2FY25, PNB Housing Finance reported a robust net profit of Rs 470 crore, reflecting a 23% year-on-year growth. With significant improvements in asset quality and an 11% increase in assets under management, the company is making strides in the retail loan sector. This post delves into the key factors behind its impressive performance and the market's reaction to the results.
In Q2 FY2024, L&T Finance reported a remarkable 17% increase in net profit, reaching Rs 696 crore. With an 18% growth in total assets and a 12% rise in retail disbursements, the company showcased resilience in a competitive market. However, management warns of potential challenges ahead, emphasizing the need for strategic planning as they navigate an evolving financial landscape. Dive into the details of their performance and outlook.
Understanding how the heads of India's financial regulators—Sebi, RBI, and Irdai—are appointed and removed is crucial for grasping their role in market stability. This blog delves into the appointment processes, qualifications required, removal conditions, and the recent controversies surrounding these positions, shedding light on their impact on financial governance and market confidence.
SBI Card's stock has recently surged 6% to hit an 11-month high, demonstrating impressive resilience in a weak market. The rally is fueled by strong investor confidence and the company's solid financial performance. Explore the reasons behind this upward trend and what it means for the future of SBI Card in our comprehensive analysis.
On Friday, Tata Consultancy Services (TCS) and Reliance Industries (RIL) led a remarkable ₹1.55 lakh crore surge in market capitalization among India's top 10 firms. With both companies achieving significant gains, the NSE Nifty 50 and S&P BSE Sensex recorded their highest closings since early August. Dive into the latest market trends and what this rally means for investors.
Sundaram Home Finance has achieved a remarkable 16% increase in net profit for the April-June 2024 quarter, reaching Rs 66.38 crore. This financial success underscores the company's effective expansion strategy as it extends its reach beyond South India. Explore how Sundaram Home Finance is strategically positioning itself in new markets and what this means for its future growth and customer service
In a pivotal move aimed at fortifying India's infrastructure backbone, Bank of India has raised an impressive Rs 5,000 crore through the issuance of long-term infrastructure bonds. This strategic funding initiative, facilitated via the NSE Electronic Bidding Platform at a competitive coupon rate of 7.54%, underscores the bank's commitment to bolstering sectors crucial for sustainable growth. Not earmarked for specific projects but geared towards infrastructure sub-sectors and affordable housing, these funds promise to fuel economic momentum and enhance societal well-being across the nation.
Amidst a transformative era in finance, Indiabulls Housing Finance unveils its new identity: Sammaan Capital. This strategic rebrand marks a pivotal moment in the company's history, promising enhanced services and a renewed commitment to excellence in financial solutions. Explore how Sammaan Capital aims to redefine the landscape of financial services with its fresh vision and steadfast values.