IIFL Finance eyes Rs 1000-cr NCD sale

Non-banking lender IIFL Finance is looking to raise up to Rs 1,000 crore through a domestic bond sale this month. The issue, which comes in times of liquidity stress, has been priced at similar levels as the one in January when it had raised Rs 1,200 crore, offering a coupon up to 10.5 percent, the company said. Chief executive Sumit Bali exuded confidence that despite the elevated cost, they will be able to maintain net interest margins at 7 percent because of its focus on retail. It is looking to…

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Eyes set on sky, children display drone-flying skills in Lucknow

All eyes were set on the sky as young minds gave wings to their dreams and skills at La Martiniere College ground in Lucknow on Thursday. After learning how to make and control unmanned aerial vehicles (UAVs) during a 20-day summer camp, 30 children in the age group of 6-16 years demonstrated their drone-flying skills on the concluding day of the programme. “This is the first time in the country where a platform was provided to the children to ignite their young minds to draw them towards aviation and robotics,”…

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