INDIABULLS HOUSING FINANCE: OUT GOES SAMEER GEHLAUT, IN COMES EX-RBI DY GOVERNOR SS MUNDRA

Highlights

• Sameer Gehlaut has been re-designated as non-executive, non-independant director of the company 

• Subhash Sheoratan Mundra has been appointed as the non-executive chairman of Indiabulls Housing from immediate effect

According to the state...

INDIABULLS GROUP ASKS NEARLY 2,000 EMPLOYEES TO RESIGN

Highlights

• Indiabulls Group employs over 26,000 people and in FY2019-20 company brought in 7,000 new members on board

• According to few employees they have received a transfer order as they have not resigned

• Company’s spokesperson stated com...

NBFC stocks were trading on a mixed note, Stocks of PSU were trading in the negative

NBFC stocks were trading on a mixed note on Wednesday

Shares of Sahara Housing Finance was up at 9.65 percent, Garnet International was up at 5.00 percent, Authum Investment & Infrastructure was up at 1.98 percent, Ind Bank Housing was up at 1.64 percent, L&T F...

Specialists bullish about India's lodging fund industry, state request is developing

The Indian lodging money area has been getting critical perspectives in the ongoing past. It saw a development stoppage and according to CRISIL, the AUM development of lodging fund organizations split in H2-FY2019. Be that as it may, presently, the more terrible is finished and the business is gi...

India in every case more essential to the world economy than Malaysia, the Philippines regardless of whether action eases back to agonizingly slow clip

India's economy lost its sheen this year.  Once in a while has a significant economy had such a lowering turn in fortunes? In the second from last quarter, total national output rose 4.5% from a year sooner, about a large portion of the pace indented in the initial segment of 2018. Purch...

Downfall of the Indian Economy in 2019

India's economy lost its sheen this year. As it bumbles through a profound log jam and a credit emergency, the nation has gone from being hailed as a goliath in-holding up to putting among the likewise rans.

Seldom has a significant economy had such a lowering turn in fortunes. In t...

Central Bank of India takes over the troubled lender

The Central bank of India has taken over Dewan Housing Finance, the leading real estate lender that is currently setting up a very significant test of the insolvency code of the country as a prolonged credit crunch which is racking the financial system of the country.

On Wednesday, The ...

DHFL might shut down soon

Finance sector of India is failing miserably, and the finance firms and banks are the ones that are taking the major hits, and most of the banks are just on the brink of bankruptcy there has been observed that the banks and finance firms have been seeing some major selloff in the assets, and we t...

Reserve Bank of India withdraws some waivers from housing finance firms

The Reserve Bank of India (RBI) has reserved certain exceptions granted to housing finance firms (HFCs), placing its rules on an equal footing with those of non-bank financial firms (NBFCs).

This comes after the National Housing Bank Act, 1987, as amended by the Finance Act, 2019, which...

Stocks to watch during the festive season

As the festive season approaches India, the markets are excited as they will see a better response after the year-long economic slowdown in the nation. Diwali season has always been favorable to the Indian markets, and this year, it was much awaited.

Diwali has a special Muhurat session...

DHFL experiences nearly 11-year low

Headquartered in Mumbai, the deposit-taking finance company, Dewan Housing Finance Corporation Ltd. (DHFL) is facing nearly 11-year low. Furthermore, the company was locked in the lower circuit for the third successive session on Friday. 
Reports allege, the Bombay High Court refraine...