The Life Insurance Corporation of India has already allotted its shares. The focus has now shifted toward the listing date and price. The shares will most likely get listed on 17th May 2022. However, market observers feel that the shares will get listed at a discount. Investors can check their share allotment status using their [...]
Mortgage financier LIC Housing Finance (LIC HFL) on Friday increased interest rate on home loans by 20 basis points to 6.9 per cent, from 6.7 per cent, for select borrowers. For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a [...]
Axis Mutual Fund, removed two fund managers, Viresh Joshi and Deepak Agarwal, on account of alleged front running.It was observed that Axis Mutual Fund’s average AUM jumped 32% to ₹ 2.24 trillion for the March quarter. This was higher than the industry average growth of 20%.Most experts believe that it is best to wait for [...]
US Ambassador to Sri Lanka has congratulated the newly-appointed Prime Minister of Sri Lanka Ranil Wickremesinghe and hoped that an inclusive government would be formed quickly to address the economic crisis and promote stability in the island nation. Wickremesinghe, 73, was sworn in as Sri Lanka's 26th prime minister on Thursday to stabilise the country's [...]
Digital logistics startup Zipaworld Innovation on Friday said it is planning to raise USD 0.5 million (around Rs 3.8 crore) at a valuation of USD 14-million, in an early-stage round of investment from angel investors from the pharma and chemicals industry. The startup plans to harness the funds to mobilise and accelerate AI and ML-based [...]
AUM up 17% | Net NPA down to 1.1% | NIM increases to 8.9% Pune, Maharashtra, India – Business Wire India The Board of Directors (Board) of Poonawalla Fincorp Limited (PFL), a non-deposit taking systemically important NBFC focusing on consumer and small business finance, today announced its audited results for the year ended Mar 31, [...]
Shares of Tata Motors rallied over 8 per cent in early trade on Friday, a day after the company reported narrowing of consolidated net loss at Rs 992.05 crore in the fourth quarter ended March 2022. The stock jumped 8.30 per cent to Rs 403 on the BSE. At the NSE, it zoomed 8.31 per [...]
Zydus Lifesciences on Friday said it has launched in India its Bempedoic acid drug under the Bemdac brand for treatment of uncontrolled levels of bad cholesterol. Bemdac (Bempedoic acid) is a new class of drug which is orally administered and offers a new line of treatment for patients suffering from uncontrolled levels of LDL-Cholesterol (LDL-c) [...]
Larsen & Toubro on Thursday reported a 10 per cent growth in its consolidated net profit at Rs 3,620.69 crore for the quarter ended March, 2022. The company had posted a consolidated net profit of Rs 3,292.81 crore in the year-ago period, Larsen & Toubro (L&T) said. The consolidated income during the quarter under review [...]
The National Company Law Tribunal (NCLT) on Thursday gave time till June 6 to Future Retail Ltd (FRL) to file its reply on the insolvency petition filed by Bank of India, which told the tribunal that any delay in initiating the resolution process could jeopardise recovery of money lent to the firm. In April, Bank [...]
