The manager of a branch of Manappuram Finance Ltd has been detained in connection with the robbery of gold and valuables, worth around Rs 20 crore, from a branch of IIFL in Cuttack
R VENKATARAMAN, managing director at IIFL Securities, tells Puneet Wadhwa in an interview that small-caps could outperform their large-cap peers due to a risk-on rally
India's business tycoon Mukesh Ambani continues to top the IIFL Wealth Hurun India Rich list 2020 for the ninth consecutive year with a total wealth of Rs 6,58,400 crore
Agency says rising Delinquencies, defaults to hit profitability
IIFL Home Finance on Thursday announced the launch of the sixth edition of 'Kutumb' initiative that focuses on promoting "green affordable housing"
IIFL Finance said the NCDs will be listed on the National Stock Exchange
While RIL Chairman Mukesh Ambani had said during the company's annual general meeting last month that orders per day were 250,000, according to IIFL, the figure is now 400,000
Total income stood at Rs 178.3 crore for the quarter under review, down 4 per cent from Rs 185 crore reported in the April-June period of 2019-20
Here's how leading analysts have interpreted the development and its likely impact on the markets.
While we await full details and the implementation of the announcements, some of the policy steps to improve funding access to non-banking financial companies (NBFCs) are positive
Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank
The agency has also assigned a 'BB-' rating to IIFL's USD 1-billion medium-term note (MTN) programme
The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress
Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny
Foreign portfolio investors, remain 'neutral' on India and that does not expect any material change in their flows for now, says the IIFL chairman
The listing of IIFL Wealth follows its demerger from parent IIFL Finance with IIFL Securities, with the latter set to list on Friday
The non-convertible debentures (NCDs) will offer up to 10.5 per cent yield
The firm had posted a net profit of Rs 250 crore in the December quarter of 2017-18 fiscal
Rakesh P Sheth has appealed the court to stay IIFL's offering, which opened on January 22 and closes on February 21.
The bonds will have a call option, which means the management can buy back the bonds, if they wish to, after a specific period