A stellar market debut of Bajaj Housing Finance Ltd (BHFL) on Monday helped the Bajaj Group reduce its market capitalisation (mcap) gap with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, more than double its initial public offering price-based valuation of around Rs 58,300 crore. This added more than 10 per … Read more
Battery materials manufacturer Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and … Read more
With a 40 per cent rise in cruise passengers in FY 2023-24, the Mormugao Port Authority (MPA) expects to grow it further with the construction of the International and Domestic Cruise Terminal in Goa by March 2025, an official said. The development of the International and Domestic Cruise Terminal and allied facilities is expected to … Read more
As per the news reports, Alkem is now exploring a potential buyout of J B Chemicals & Pharmaceuticals (JB). Torrent that was the speculated front runner for JB has paused talks due to the valuation differences. EQT, a Swedish investment major has also been said to give the acquisition a pass due to the valuation … Read more
Godrej Capital (GCL), the financial subsidiary of Godrej Industries (GIL) was started in 2020. Since then it has been providing home loans in select geographies. It is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). The business is ramping up nicely and GIL has now shared the following … Read more
Fintech NBFCs may need to revisit their business model and temper loan disbursements in light of tighter funding and a regulatory warning on growth strategies, India Ratings (Ind-Ra) has cautioned. They need to be watchful in growing their unsecured consumer lending exposure in FY25 in the backdrop of an increase in funding costs, along with … Read more
The Centre on Wednesday approved health coverage to all senior citizens aged 70 years and above irrespective of income under the flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), regardless of their socio-economic status. Union minister Ashwini Vaishnaw while announcing the Cabinet’s decision while addressing the media said that this will benefit … Read more
“Maybe a year or two from now. So once we reach a certain scale, we will do it. Maybe general first, then life next,” Shriram Finance’s Executive Vice Chairman Umesh Revankar said. “Both are doing well. They are profit-making from inception. We have not added any capital in both the companies,” he further added. Shriram … Read more