The share price of Indiabulls Housing Finance Ltd (IBHFL) crashed nearly 38% intraday to hit a fresh 52-week low today after Reserve Bank of India put private sector lender Lakshmi Vilas Bank under its prompt corrective action (PCA) plan. The development places the prospects of their prolonged merger into jeopardy. Indiabulls Housing Finance stock opened today with a loss of …
NEW DELHI: The Nifty Financial Services index was up with most of its components trading with gains in Tuesday’s afternoon session. Shares of Indiabulls Housing Finance (up 5.69 per cent), Shriram Transport Finance Company (up 4.20 per cent), Cholamandalam Investment & Finance Company (up 3.75 per cent) and Indiabulls Ventures (up 3.51 per cent) were the top gainers in the …
The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the …
SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings Ltd and Women’s World Banking. The company will …
The deal, Starwood’s first in the UK, totals 1,595 beds in England and Scotland, adding to the 6,855 student beds under Starwood management in the US. “We look forward to building on this transaction to establish a sizeable student housing platform in the UK” The “six modern, purpose-built, premium student accommodation assets” are in The Haymarket in Edinburgh, Chestnut House in Cambridge, …
Retired neurosurgeon Ben Carson, a rival-turned-supporter of Donald Trump, overcame his stated qualms about a lack of government experience on Monday to accept the president-elect’s nomination to lead the Department of Housing and Urban Development. Democrats criticized the Republican president-elect’s latest pick for his incoming administration, calling Carson unqualified to take over $48-billion agency that oversees public housing. Carson, a …
Tamil Nadu is the city of technology and everybody wants to own a house in this city or its periphery like Coimbatore. It is one of the prime locations for residential purposes. It is everybody’s dream to have their own house. After seeing the difficulties in construction of an independent house, people are aligned towards the rental houses and as …