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Demand recovery unlikely to offset margin pressures for paint companies

Companies to post double digit volume growth in the quarter

FPIs raise the ante by driving up allocation to oil & gas, auto stocks

FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps

IIFL Wealth Management pays over Rs 3 crore to settle case with Sebi

The company was alleged to have violated stock brokers' regulation as well as PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations

'Long-term capital gains tax relief will be a game-changer for the markets'

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

Sun TV rerating rests on capital allocation spin, maintaining ad revenue

IPL valuation bump-up limits downside in stock

IIFL Finance gets board's approval to raise Rs 5,000 cr by issuing bonds

IIFL Finance is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. "The board of directors of the company at their meeting held today, June 23, 2022, approved the raising of funds by way of issuance of secured redeemable non-convertible debentures with the shelf limit of Rs 50,000 million, in one or more tranches," it added. IIFL Finance is a non-banking finance company (NBFC), offering products such as home loans, gold loans, and business loans, including loans against property and medium & small enterprise financing, microfinance, developer and construction finance. It also offers capital market finance; catering to both retail and corporate clients. Its subsidiaries IIFL Home Finance Ltd and Samasta Microfinance Ltd -- are engaged in providing a diverse range of ...

IIFL Home Finance looks to raise Rs 5,000 cr via direct assignment

Listing exercise to provide exit to ADIA, raise fresh capital; firm to scale up funding to developers, especially those complying with green finance norms

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Abu Dhabi's ADIA invests Rs 2,200 cr in IIFL Home Finance for 20% stake

This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor

Sebi imposes fine of Rs 1 crore on IIFL for misusing client funds

Capital markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for alleged misutilisation of client securities.

Sebi imposes penalty of Rs 1 cr on IIFL for misusing client securities

Capital markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The order came after Sebi conducted multiple inspections of the books of accounts of IIFL, now known as IIFL Securities, for the period April 2011 to January 2017. Based on the findings, the market watchdog initiated adjudication proceedings. "It was found that the noticee (IIFL) had misused client funds in the range of Rs 0.59 crores to Rs 397.02 crores for settlement obligation of debit balance clients and in the range of Rs 0.26 crores to Rs. 73.28 crores for proprietary purposes, in addition to settlement obligation of debit balance clients," Sebi said. In addition, the interest on funds misused by the noticee amounted to Rs 34.87 crore, it added. Further, the noticee has not settled the funds of clients during the inspection period as mandated by Sebi. Consequently, the market watchdo

IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs

Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis

A century in style: Fintech firm Open becomes India's 100th unicorn

The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation

IIFL Finance net profit rises 30% to Rs 321 crore in March quarter

IIFL Finance on Thursday reported a 30 per cent growth in net profit to Rs 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets.

IIFL Securities pays over Rs 2 cr to settle case with Sebi

It was alleged that IIFL Wealth Management Ltd and IIFL Securities Ltd knowingly manipulated the reference price of Alkem Laboratories for a block deal

Vodafone Idea unlikely to convert interest on govt dues to equity: IIFL

The telecom company has to take a call on the issue by Wednesday

Fairfax affiliate sells IIFL Finance shares worth Rs 313 crore

Before this, the fund offloaded IIFL Finance's shares worth Rs 365 crore, while Smallcap had purchased shares worth Rs 300 crore on December 1

Prem Watsa-backed Fairfax Group sells IIFL Finance shares worth Rs 180 cr

Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday offloaded IIFL Finance shares worth over Rs 180 crore through an open market transaction

Prem Watsa-backed Fairfax sells 3.2% stake in IIFL Finance for Rs 365 crore

The scrip of IIFL Finance settled at Rs 316.25 on the BSE, up 2.36 per cent from the previous close

IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr

The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter