Page 3 - Ifci

IFCI's consolidated net loss narrows to Rs 684.8 cr in Dec quarter

Infrastructure term lender IFCI Ltd reported narrowing of its consolidated net loss to Rs 684.82 crore for the December 2021 quarter.

IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds

The fundraise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour

IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week

IFCI's ratings outlook will change to stable if the company's strategic importance to the GoI increases significantly along with the infusion of sizeable capital, ICRA said in its report

Top Headlines: Centre cuts excise on fuel, govt to miss disinvestment goals

Business Standard brings the top headlines at this hour

IFCI invokes promoter Kishore Biyani's stake in two Future companies

Biyani stake in group companies falls steadily

Stocks to watch: Anupam Rasayan, Rail Vikas Nigam, Hero MotoCorp, RIL, IFCI

Tata Group's holding in Tata Communications has increased to 58.87 per cent after the government sold stake to Tata Sons' unit Panatone Finvest

Infrastructure term lender IFCI posts net loss of Rs 718 cr in Q3

Infrastructure term lender IFCI Ltd on Friday reported a consolidated net loss of Rs 717.99 crore for the third quarter ended December as expenses ballooned amid a drop in income

Govt evaluating options to sell two subsidiaries of IFCI in revival bid

Not keen on infusing funds into NBFC, to unlock value created by subsidiaries

IFCI hits 52-week high on heavy volumes; stock rallies 73% in six days

The company expects improvement in the asset portfolio quality as well as cash flow of the company, due to various strategic initiatives including measures for recovery were initiated during FY20

BBB recommends S Ramann for post of SIDBI chairman & managing director

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Saturday recommended S Ramann and Shivendra Tomar for the posts of CMD and MD of SIDBI and IFCI, respectively. The members of the Banks Board Bureau interviewed 20 candidates on December 4 and 5, 2020 for the vacancy of chairman and managing director (CMD) of Small Industries Development Bank of India (SIDBI), the BBB said in a statement. "Keeping in view their performance in the interview and their overall experience, the bureau recommends S Ramann for the position of chairman and managing director in SIDBI," it said. Ramann, 1991-batch Indian Audit & Accounts Service officer, is currently CEO of National E-Governance Services Limited (NeSL), India's first Information Utility. Besides, the Bureau recommended Shivendra Tomar for the post of MD and CEO of IFCI. Tomar, currently, is managing director of IFCI Venture Capital Funds Ltd, a subsidiary of IFCI. As many as five candidates ..

IFCI's consolidated net loss widens to Rs 584 crore in March quarter

Infrastructure term lender IFCI Ltd reported a widening of its consolidated net loss to Rs 584.19 crore for the quarter ended March 2020

IFCI aims to raise up to Rs 2,000 cr by selling non-core assets this fiscal

The fund infusion will help shore up IFCI's capital and enhance operations

IFCI plans to sell its remaining stake in National Stock Exchange

IFCI has sold its stake through various tranches over the past three years

CARE downgrades ratings for IFCI's subordinated bonds

Net losses, under capitalization are cause for worry

IFCI surges 6% on receiving Rs 4.9 billion for Binani Cement resolution

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement after the NCLAT approved its revised Rs 79.50 billion bid over an offer by rival Dalmia Bharat.

Need one-month extension for approval of second quarter results: IFCI

IFCI said the company is required to comply with the Indian Accounting Standards (Ind-AS) in preparation of the financial statements with effect from April 1, 2018

IFCI records Q1 loss at Rs 3.4 billion, expenses surge to Rs 11.91 billion

Total expenses of IFCI in the June quarter rose to Rs 11.91 billion

IFCI plans to offload 1.21 million shares in NSE, invites merchant bankers

The financer has been selling assets in order to improve its balance sheet

IFCI recovers Rs 2.8 bn from Bhushan Steel, allotted over 579,000 shares

Further, as part of the RP, IFCI said it has also been allotted 5,79,277 fully paid up equity shares of BSL having face value of Rs 2 per share

IFCI plans to dilute stake in NSE, CCIL to raise funds for its operations

IFCI plans to sell a part stake, depending on the price that investors offers