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  • 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.

  • IIFL Holdings confident of disbursement recovery in Q4

    Decoding the company‘s third quarter earnings, Group CFO Prabodh Agrawal said that by February the company should be back to pre-demonetisation levels for disbursements. The company is seeing a recovery in January, he said.

  • 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.

  • See strong growth for wealth management biz, NBFC: IIFL

    Giving an outlook for the company, Prabodh Agrawal, Group CFO of IIFL said that there has been a slowdown in the mutual fund distribution business but the company has coped well with changes in mutual fund fee structure.

  • Home loans to drive growth; gold biz dull: IIFL MD

    IIFL Holdings, the listed entity of the IIFL group, reported a 28 percent increase in consolidated net profit of Rs 140.3 crore for the September quarter on better asset quality and overall growth in revenue

  • Saw improvement in non-broking biz; view on mkt +ve: IIFL

    In an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, IIFL Chairman Nirmal Jain discussed the company's first-quarter earnings, his view on the earnings season and the economy overall, and the outlook on markets.

  • In line to achieve loan book growth of 25-30% in FY15: IIFL

    The company reported a consolidated net profit of Rs 112.3 crore which was up 2.6 percent versus Rs 109.5 crore quarter-on-quarter (Q-o-Q) for the third quarter ended December 2014

  • Challenges for capital markets segment will continue: IIFL

    R Venkatraman, MD, India Infoline Group expects challenges for capital markets segment to continue going ahead.

  • Don't expect pick in cap mkt biz; positive on NBFC: IIFL

    In an interview to CNBC-TV18, R Venkataraman, Managing Director, India Infoline elaborates on the reasons why the company reported a dip in PAT from the previous quarter.

  • Looking at multi-product lending approach: IIFL

    In an interview to CNBC-TV18, Nirmal Jain, chairman, India Infoline said overall the growth has been healthy across all segments. Year-on-year basis net profit had doubled and income too was up.

  • 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.

  • Tough times for industry but long-term story alive: IIFL

    Reporting a 2.4% slip in the consolidated income in the first quarter of FY12, financial service provider IIFL says the brokerage industry is facing harsh times, however, believes the long term potential of the business is still going strong.

  • IIFL to launch AMC in second-half of the year

    Speaking to CNBC-TV18, executive director R Venkataraman said the company registered significant growth in financing income. "Higher interest costs have impacted net income margins this time around," he said.

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