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Hindenburg row: IPE-Plus Fund 1 didn't invest in Adani stocks, says 360-One

Says fund in which the Buchs invested focused on debt, maintains no investor had any role in its ops

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?

Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday

IIFL Finance Q1 FY25 results: Consolidated net profit down 28% at Rs 338 cr

RBI's curbs on fresh gold loan biz hits performance

IIFL Finance Q1 FY25 results: Net profit falls 28% to Rs 338 crore

IIFL Finance on Tuesday posted 28 per cent decline in consolidated profit at Rs 338 crore for June quarter FY25 as RBI imposed ban on its gold loan business. The NBFC had earned a profit of Rs 473 crore in the same quarter a year ago. The Reserve Bank of India (RBI) on March 4 barred IIFL Finance from disbursing gold loans with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. Total income increased to Rs 2,625 crore during the quarter under review from Rs 2,370 crore in the same period last year, IIFL Finance said in a regulatory filing. Interest income of the bank rose to Rs 2,472 crore from Rs 2,198 crore in the first quarter of previous year. Expenses also increased to Rs 1,034 crore from Rs 888 crore. The asset quality deteriorated with gross non-performing assets (NPAs) rising to 2.25 per cent from 1.8 per cent at the end of June 2023. Net NPAs remained flat at 1.1 per cent of ..

IIFL Finance's gold loan book shrinks by over Rs 7,000 crore in Q1

Follows RBI curbs on lender in March this year

Jio, Bharti Airtel may report over 10% growth in Q1FY25, say analysts

Consistent rise in mobile business, subscriber gains to help the two telcos

NBFCs' consumer, gold loan sanctions shrink sequentially in Q4FY24: FIDC

Personal loans also showed moderation, with sanctions by finance companies growing by just 1.4 per cent sequentially in Q4FY24

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks

Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.

Sebi probing market expert Sanjiv Bhasin for alleged manipulation

The investigation of Bhasin follows Sebi's earlier orders on several market experts who gave stock recommendations on television

IIFL Fin, LTIM, Deep Industries among seven stocks to watch on June

Stocks to watch on June 05: Deep Industries secured a letter of award from Oil and Natural Gas Corporation (ONGC), Kakinada, for hiring DPDU (GDU) for processing gas for 10 months

IIFL Samasta Finance to raise up to Rs 1,000 crore via secured bonds

IIFL Samasta Finance, a non-banking microfinance company (NBFC-MFI), plans to raise up to Rs 1,000 crore through public issue of secured bonds for the purpose of capital augmentation and business growth. The bond issue opens on June 3 and closes on June 14, IIFL Samasta Finance said in a statement. IIFL Samasta Finance plans to issue bonds, aggregating to Rs 200 crore, with a green-shoe option to retain over-subscription of up to Rs 800 crore, it said. The IIFL Samasta bonds offer the highest coupon rate of 10.50 per cent per annum for a tenor of 60 months, it claimed. The NCD is available in tenors of 24 months, 36 months and 60 months, it said, adding, the frequency of interest payment is available on monthly and annual basis for each of the series. The company has a strong physical presence through about 1,500 branches and caters to the credit needs of underserved and unserved population, primarily women entrepreneurs from underprivileged background, IIFL Samasta Finance MD an

Q4 results today: IRCTC and NBCC India among 371 firms to post earnings

Q4FY24 company results: IIFL Finance has delayed its earnings announcement beyond May 30, due to a special audit by the RBI

IIFL Finance raises Rs 1,271 crore through rights issue to fund biz growth

IIFL Finance on Wednesday said it has raised Rs 1,271 crore through a rights issue as part of efforts to raise capital to fund business growth. The decision to raise capital through a rights issue was made following the RBI's ban on March 4, which prohibited the NBFC firm from disbursing gold loans due to supervisory concerns. The rights issue opened on April 30, 2024, and closed today, IIFL Finance said in a regulatory filing. The rights issue offering 4,23,94,270 shares of IIFL Finance has been oversubscribed by 135 per cent (5,72,03,080 shares), as per data available on exchanges. The rights issue was offered to the existing shareholders at Rs 300 per share in the ratio of one share for every nine shares held. Promoters Nirmal Jain and R Venkataraman and family have fully subscribed to their shares since the issue is oversubscribed. Besides, Indian-Canadian billionaire Prem Watsa-backed Fairfax India, which is the largest institutional shareholder has also participated in the

IIFL Finance facing liquidity crunch after gold loan business curbs: Report

"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said

IIFL Finance's RBI-directed audit starts after March gold loan ban

The RBI said in March that the restrictions will be reviewed after completion of a special audit and the company's rectification of the audit findings

IIFL Finance board approves rights issue to raise Rs 1,271.83 crore

The issue price for the rights offer is Rs 300 per share, which is at a 29% discount to closing price of Rs 421.7 per share on Tuesday

IIFL Finance to raise $152 million via share sale amid ban on gold loans

IIFL's gold loans under management stood at 24,692 crore rupees as of December 31

Northern Arc Capital seeks Rs 385 crore PE funding ahead of market debut

The company has filed a prospectus for IPO, which it is planning to launch in the first half of FY25

NBFC stock hits 10% upper circuit after tanking 50% in last 17 trading days

Since March 1 or in the past 17 trading days, the stock price of IIFL Finance has tanked 50 per cent after the Reserve Bank of India (RBI) barred the NBFC from sanctioning or disbursing gold loans

IIFL, Geojit: Brokerage stocks tank up to 40% in 2 mths; Time for pullback?

A retracement of up to 50 per cent of the recent fall, can lead up to 18% rally in shares of IIFL Securities, Geojit and Emkay, show technical charts.