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Under banking guidelines, a Non-operative Financial Holding Company (NoFHC) is required to house a bank and other financial services units of a promoter. IDFC will argue that it doesn’t have any other significant businesses apart from the bank.
Sobha Q4 profit down 65% at Rs 17.9 crFor the 2020-21 financial year, net profit fell to Rs 62.3 crore from Rs 281.5 crore in the previous year.
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… Read MoreNMDC posts eight-fold jump in PAT to Rs 2,838 cr in Q4During the fourth quarter of the last fiscal, turnover stood at Rs 6,848 crore compared to Rs 3,187 crore in the same quarter in FY20, the iron ore miner said.
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… Read MoreFed's Loretta Mester says framework needs to be more explicit on financial stabilityAfter announcing its plan to reduce asset purchases in December 2013, the central bank cut its then-monthly purchases of $45 billion of Treasuries and $40 billion of MBS by $5 billion each at each ensuing meeting, wrapping up… Read MoreStocks in the news: NMDC, Indian Bank, SBI, Maruti Suzuki, RIL and Info EdgeNMDC, Bharat Electronics, ITI, Aster DM, Avanti Feeds, Sobha and Religare Enterprises will announce their March quarter results today.
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… Read MoreJet Airways shares more than halved since closure of operations in 2019Shares of Jet Airways on Tuesday jumped 5 per cent on the bourses.
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