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    • Expect cotton prices to decline going forward: Vardhman Textiles

      Expect cotton prices to decline going forward: Vardhman Textiles

      IIFL, in its report, has cut its earnings per share (EPS) estimate for Vardhman Textiles given two reasons, one is that they expect the international cotton prices to fall up to 8 percent and secondly the goods and services tax (GST) uncertainty. In an interview to CNBC-TV18, Neeraj Jain, Joint MD of Vardhman Textiles spoke about the latest happenings in his company and sector.

    • CDC Group to hold 15% in NBFC arm, have board seat: IIFL

      CDC Group to hold 15% in NBFC arm, have board seat: IIFL

      Reacting to the news Nirmal Jain, Chairman of IIFL, said that the non-banking finance arm constitutes 70 percent of the business. "The NBFC is a wholly-owned subsidiary where the focus in on home loans," Jain said, adding that it is also targeting affordable housing.

    • Carlyle will be invited to join Board, says IIFL's Jain

      Carlyle will be invited to join Board, says IIFL's Jain

      IIFL Chairman Nirmal Jain says that Carlyle will be invited onto the Board, subject to necessary approvals.

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