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lic housing finance hits four-month high ahead of q1 results




shares of lic housing finance hit a four month high of rs 569 per share, rising 3% on the bse ahead of april-june quarter (q1fy19) results on friday, august 24, 2018. the stock of housing finance company (hfc) was trading at its highest level since april 17, 2018. it has outperformed the market by s...



piramal housing finance plans to achieve a loan book of 15,000 cr by 2020




iuc cut, high taxes, spectrum cost impacting telecom industry: airtel, ideabusiness standardpiramal finance launched its wholly owned housing finance subsidiary, piramal housing finance todaynikhat parvez hetavkar  last updated at september 27, 2017 13:39 isthttp://mybs.in/2uyto7q



gruh finance hits record high ahead of 1:1 bonus issue




gruh finance hit a record high of rs 736, up 5% on the bse in intra-day trade on thursday ahead of 1:1 bonus issue. the company has fixed thursday, june 7, 2018 as the record date for determining the entitlement of members to receive bonus equity shares of the company in the ratio of 1:1 i.e. one ne...



lic housing finance falls 7% post june quarter results




shares of lic housing finance dipped 7% to rs 531 on the bse in intra-day trade in otherwise strong market after the company reported disappointing april-june quarter (q1fy19) results.lic housing finance reported 18% year on year (yoy) growth in net profit at rs 4.79 billion in q1fy19 on account of ...



scam-hit pnb can sell 13% in pnb housing finance by nov 2019




scam-hit punjab national bank (pnb) will be able to sell only up to 13 per cent by november 2019 in its subsidiary, pnb housing finance, to raise money according to the regulations. “pnb housing finance was promoted by pnb, whose present shareholding in our company is 32.96 per cent. of 32.96 per ...



lic housing likely to see its profitability stabilising from march quarter




lic housing finance has missed the street expectation by a reasonable margin in two successive quarters. the december quarter (q3) results were more disappointing, with its net interest income (nii) dropping by about two per cent year-on-year to rs 9 billion. it led to another quarter of pronounced ...



home loan to get more expensive as housing finance cos raise lending rates




home loan rates to get more expensive as major lenders housing development financial corporation (hdfc), pnb housing finance raised their home loan ratios by up to 20 basis points (bps) and 25 bps respectively. hdfc's revised home loan interest rates now range from 8.4 per cent to 8.7 per cent, wher...



pnb housing finance falls 7% after huge block deals




shares of pnb housing finance have fallen 7% to rs 1,271 per share on the bse in intra-day trade after nearly nine per cent of total equity of the housing finance company changed hands through multiple block deals. till 10:46 am; a combined 14.52 million equity shares representing 8.69% of total equ...



pnb housing finance net profit rises 36% to rs 2.2 billion




pnb housing finance has posted growth of 36 per cent in its net profit to rs 2.2 billion in the march quarter from rs 1.5 billion during the corresponding quarter of the previous financial year. on an annual basis, the housing company’s net profit increased 58 per cent to rs 8.3 billion at the end...



bajaj finance hits new high; stock rises 32% in two months since q4 results




shares of bajaj finance hit a new high of rs 2,460 per share on the bse, rising by 2% today and extending their 2.5% gain on thursday, on expectations of healthy financial performance for the quarter ended june 2018 (q1fy19). in past two months after the march quarter (q4fy18) results, bajaj finance...



bulls make a comeback in shriram transport finance




the share price of shriram transport finance has gained about 19 per cent in the past one month, far higher than the 1.5–3 per cent rise on the bse sensex and nifty. the price movement is not only an indicator of change in sentiment but also reiterates the long-term comfort investors have had with...



merrill lynch sells 2% stake in indiabulls housing finance for rs 9.82 bn




merrill lynch on tuesday sold nearly 2 per cent stake in indiabulls housing finance for rs 9.82 billion through an open market transaction. according to the bulk deal data available with bse, merrill lynch markets singapore pte ltd offloaded 7.59 million shares or 1.78 per cent stake in indiabulls h...



hdfc trades firm ahead of committee meeting for fund raising




housing development finance corporation (hdfc) was trading 1% higher at rs 1,756 on bse ahead of committee meeting on january 13, 2018 to consider fund raising plans. “a meeting of the committee of directors of corporation will be held on saturday, january 13, 2018 to consider and approve, the det...



budget 2018: india inc wants gst reforms, friendly-business policies




tabled in parliament on monday by finance minister arun jaitley, the economic survey has estimated that the indian economy will grow by 7-7.5 percent in 2018-19, re-establishing india as the world's fastest-growing major economy. every budget rides high on the expectations of taxpayers and the finan...



hudco hits lowest level since listing




housing and urban development corporation (hudco) hit its lowest level since listing at rs 63.45, down 1% on the bse. the stock of state-owned housing finance company was quoting lower for the ninth straight trading days, falling 7% during the period. it is trading close to its issue price of rs 60 ...



check total cost, not just home loan rate




tata housing has partnered with indiabulls housing finance to offer home loans at 3.99 per cent in the 11 ongoing projects of the former. (currently the lowest home loan rate available is 8.25 per cent by dena bank). this special rate will apply for five years after which the prevailing home loan ra...



check total cost, not just home loan rate




buyers should weigh tata housing-indiabulls housing finance offer against others where they can negotiate on home price and loan rate separatelysanjay kumar singh  |  new delhi  last updated at november 20, 2017 20:24 isthttp://mybs.in/2uapbqptata housing has partnered with indiabulls housing fin...



piramal to back chennai-based appaswamy group, sanctions rs 2 bn




piramal capital & housing finance, a subsidiary of piramal enterprises limited, has sanctioned a rs 2 billion facility to the appaswamy group (appaswamy) via a structured equity transaction to enable the acquisition of 3.34 acres (approximately 60 grounds) land in chennai. appaswamy acquired this la...



asian paints hits new high ahead of q1 results; up 17% in the last month




asian paints hit a new high of rs 1,473, up 3% on the bse in intra-day trade on tuesday ahead of its april-june quarter (q1fy19) results today. in past one month, the stock of india’s leading and asia’s third largest paint company has outperformed the market by gaining 17% as compared to 3% rise...



pnb housing finance to raise $400 million through issue of masala bonds




pnb housing finance (pnb hfl) is planning to raise $400 million through its maiden issue of masala bonds. the money will be utilised to finance retail buyers/developers of affordable housing as well as developers of green buildings. ifc proposes to invest upto $150 million in pnb hfl by subscribing ...



cholamandalam investment to set up a housing finance company as an unit




cholamandalam investment and finance company ltd has said that it is planning to launch a housing finance company (hfc) and to raise around rs 3,500 crore ($500 million) by issuing 3,500 masala bonds in one or more tranches. the bonds will be issued in the nature of secured redeemable, non-convertib...



psu banks extend gain after government cuts h1 borrowing




shares of public sector banks were trading higher for the second straight day with the nifty psu bank index gaining more than 1% on tuesday, extending its previous day’s 5% rally, after the government announced lower-than-expected borrowing programme for the first half of the financial year 2018-1...



pnb housing rises 6% as pnb, carlyle group plan to offload 51% stake




shares of pnb housing finance were up by 6% at rs 1,269 per share on wednesday in intra-day trade, extending their 2% rise in the previous day on the bse, after the company said that punjab national bank (pnb) and the carlyle group proposed to sell their stake to the potential acquirers. “we hereb...



psu banks extend gain after government cuts h1 borrowing




shares of public sector banks were trading higher for the second straight day with the nifty psu bank index gaining more than 3% on tuesday, extending its previous day’s 5% rally, after the government announced lower-than-expected borrowing programme for the first half of the financial year 2018-1...



hdfc amc gains over 3% on strong june results; m-cap up by rs 12.5 bn




shares of hdfc asset management company on friday defied the broader market sentiment and settled with gains of over 3 per cent on strong june quarter results. following the uptick in the counter, the market capitalisation of the company rose by rs 12.57 billion to rs 400 billion. the fund house got...