HOUSING DEVELOPMENT FINANCE CORP
Housing sales of 9 listed players up 2% at Rs 5,520 crore in July-Sep: Report
"While housing sales in overall residential market recorded a decline in Q2 FY20, the housing sales value of India's top 9 listed developers remained steady during the quarter," said Anuj Puri, Chairman, Anarock.
ET Awards: A Bandhan that ties micro credit, branch banking and home finance
Bandhan's acquisition of Gruh Finance helped pare down promoter holding to 62% and diversify into loan assets.
VBHC changes tack; partners builders and land owners
“The terms for JDs (joint developments) are more favourable in the current market. Earlier we would buy large land parcels of 50 acres and build large projects, but now the focus is on smaller projects with quick turnaround,” said managing director Ram Walase.
AIIB plans $2.5 billion investment in India’s metro, road projects
AIIB may invest $400 million each in the two metro projects. In Bangalore, it has decided to invest $350 million. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp. The investment is likely to boost New Delhi's Smar City initiative.
5 star stocks that could lead the bull charge
ITC is one of the biggest beneficiaries of the corporate tax cut, according to analysts.
Tata Capital Housing Fin places bonds with LIC, raises Rs 1,000 crore
The company directly placed those bonds with LIC.
Crisis doesn’t stop some India lenders getting global loans
Highly-rated firms have sought loans in the global market in recent months.
Manmohan Singh nominated to parliamentary standing committee on finance
Rajya Sabha Chairman Venkaiah Naidu has nominated former prime minister and senior Congress leader Manmohan Singh to the parliamentary standing committee on finance in place of party colleague Digvijaya Singh. Digvijaya Singh has now been nominated to the parliamentary standing committee on urban development by the chairman of the Upper House.
Three months after govt’s guarantee scheme, NBFCs still awaiting funds
Lack of clarity on whether to treat the transactions between the banks and NBFCs as ‘securitisation’ deals or as ‘pass-through certificates’ (PTC) is also impeding any movement, given that these have accounting implications. While ‘securitisation’ allows the entire profit to be booked upfront, in a PTC the profits must be booked over the tenor of the loan.
Credai asks Karnataka govt for package to revive realty
The industry body also asked the state government to reduce stamp duty substantially up to September 2020, to exhaust unsold inventory and bring down the same to 1% for affordable homes.
NBFC crisis sparks gold rush for some lenders
Cash-for-gold lenders face risks of their own. A major one is the price of the metal.
Moody’s downgrades outlook on SBI, HDFC Bank, Infosys, TCS and 17 others
Moody’s has downgraded outlook on companies from IT, infrastructure and oil & gas sectors.
Share market update: Nifty Financial Services index up; Indiabulls Housing Finance jumps 7%
The Nifty Financial Services index was trading 0.27 per cent up at 13,932.95 around 12:06 pm.
Altico bond yields surge to 71% amid concerns
The bonds, bearing a coupon of 12%, yielded 71.34% in a BSE trade worth Rs 375 crore.
Buy Housing Development Finance Corporation, target Rs 2,215: Shubham Aggarwal
Buy Housing Development Finance Corporation Ltd. at a price target of Rs 2215.0 and a stoploss at Rs 2090 from entry point.
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