Piramal Finance launches ‘Innovation Lab’ in Bengaluru; to hire 300 professionals
The Piramal Group company aims to have a team of over 300 professionals at the Innovation Lab in Bengaluru by the end of FY23.
housing finance
December 2022
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This stock hits all-time high on robust Q1; more than doubles in 11 months
Continuing its gaining streak for the seventh straight session, the housing finance company rose 12.14% to hit a fresh life-time high of ₹159.3 on Tuesday
PNB Housing Finance share rises 2% on fund raising plans
The board of PNB Housing Finance on Tuesday approved the issuance of non-convertible debentures aggregating up to ₹2,000 crore on a private placement basis.
IIFL Finance shares surge 4% in bearish trade; here’s why
Shares of IIFL Finance gained 4.5% to ₹340.35 apiece on Monday amid a report that sovereign wealth fund ADIA is in talks to acquire a minority stake in IIFL Home Finance.
Housing finance giant HDFC to merge with HDFC Bank
Shareholders of HDFC will receive 42 shares of HDFC Bank for 25 shares held in HDFC.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
The Covid-19 impact on housing finance
Housing sector growth will be heavily impacted and is not likely to revive till the economy shows any sign of improvement. Stress in housing loans, particularly in affordable housing loans, will rise.
Indiabulls puts on brave face after RBI merger snub
Lakshmi Vilas Bank future uncertain, analysts expect Indiabulls to remain under pressure.
DHFL’s survival blues
The housing finance company says recent developments may raise doubts about its ability to continue as a going concern.
DHFL: In search of a breather
DHFL, India’s second-largest housing finance company, has been living with rating downgrades and strategic divestments to overcome the liquidity crisis following the IL&FS saga.
