Experts agree that the directive will result in NBFCs making provisions because it may not be easy to withdraw investments in AIFs within the stipulated period
Indiabulls Financial Services (New name - Indiabulls Housing Finance after merger) has alleged that the promoters of HDIL, Rakesh and Sarang Wadhawan have defaulted on their interest payments, reports CNBC-TV18.
Gagan Banga, MD & CEO, Indiabulls Housing Finance told CNBC-TV18 that the management is clearly focused that it wants to pursue the home finance opportunity. However, in an ideal world after a few years we would want to migrate and progress to being a bank.
Indiabulls Housing Finance (IBHFL) after merger of Indiabulls Financial Services (IBFSL) with self will list its equity shares on exchanges on Tuesday, July 23.
Indiabulls Housing Finance's financial year 2012-13 net profit grew by 25.80 percent year-on-year to Rs 1,266 crore.
Technical analyst, Sudarshan Sukhani, s2analytics.com said the market could go choppy rather than immediately breaking 5,600; market could create a lot of chaos, have intraday rallies and declines and go all over the place without giving a direction.
BSE today said will include United Breweries scrip in S&P BSE 100 and S&P BSE Car bonex indices with effect from March 19. The BSE will also include L&T Finance Holding in S&P BSE 200 and Credit Analysis and Research Ltd in S&P BSE 500 index effective from March 19, an exchange release said.
Indiabulls Financial Services shares were most active on Friday, rising more than 9 percent intraday amid large volumes.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
On February 08, 2013 Indiabulls Employees Welfare Trust sold 14,000,000 shares of Indiabulls Financial Services at Rs 283.63 on the BSE and sold 10,000,000 shares at Rs 283.83 on the NSE.
Indiabulls Financial Services Ltd has launched a share sale for institutional investors to raise up to Rs 448 crore, according to a term sheet obtained by Reuters.
The Indian markets are likely to be volatile due to the upcoming Union Budget. Market participants can look at buying on declines with the Nifty having support at the 5,980 level. If it breaks this level, then they should avoid buying in the markets, says Dilip Bang, Nirmal Bang.
Indiabulls Financial Services at its meeting held on January 22, 2013 has declared the Second Interim Dividend of Rs 5.50 per equity share (on the face value of Rs 2 per share) for the financial year 2012-2013.
Indiabulls Finance has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 324 crore versus Rs 247.4 crore, year-on-year, YoY.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest
The markets look good at current levels as well as on declines around the 5,800-5,850 levels on the Nifty. The depreciation of the Indian rupee could be a cause of concern in the coming fortnight, says Dilip Bang, Nirmal Bang.
Indiabulls Financial Services board of directors in their meeting held on October 22, 2012 has declared an interim dividend of Rs 8 per equity share (on the face value of Rs 2 per share) for the financial year 2012-2013.
Markets look good on declines. The upside on the index is likely to remain range bound. However, traders and investors can buy stocks at current levels or on declines around the 5,500 - 5,600 levels, says Dilip Bang, Nirmal Bang.
Indiabulls Financial Services' consolidated net profit rose by 31% to Rs 299.1 crore in the quarter ended September 2012 from Rs 228.6 crore in a year ago period.
Firstcall Research is bullish on Indiabulls Financial Services and has recommended buy rating on the stock with a target of Rs 207 in its August 31, 2012 research report.