Shares of Indiabulls Housing Finance rallied over 14 percent on Thursday after rating agency Crisil reaffirmed the company's ratings
With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga
Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now
What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation
A PIL has been filed in the Delhi High Court that alleges that Indiabulls promoters have been roundtripping funds lent to various companies back to their pockets violating rules
From disruptors to financial magnates, here are a few IITians who made their mark on Indian and global turf
Prime Minister Narendra Modi termed IITs as India's Instrument of Transformation.
Lakshmi Vilas Bank shareholders will get 14 shares of Indiabulls Housing Finance for 100 equity shares held
Earlier, Indiabulls had sold 50% stake in its two prime commercial assets in Mumbai to Blackstone for an enterprise value of Rs 9,500 crore.
SBI, lenders to float fund to take over 14 stressed power generating assets; move could boost project valuations
Over 75,000MW of power generating assets are currently stressed.
Officials said the searches covered multiple premises of the firm in Mumbai and Delhi after the department received "actionable evidence" to mount the action.
All the companies have denied any wrong doing
With 500 Indians being named in leaked 'Panama Papers' for alleged offshore holdings, government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Shares of Indiabulls Housing Finance today crashed by 18.5 per cent after the company said it will acquire a 39.76 per cent stake in the UK's OakNorth Bank for USD 100 million (about Rs 661 crore).
Achhe din for real estate: Upbeat investment climate, rate cuts to boost property market by March 2016
Fitch expects property developers with a greater exposure to the middle and lower income segments to benefit
The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days
Indiabulls Securities has settled a case related to alleged non-compliance of stock broker norms after payment of Rs one crore to the market regulator Sebi as consent settlement charges.<br />
Under the deal agreed between three founder-promoters, Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services will see exit of Rattan and Mittal, giving full control to Gehlaut.<br />
The promoters of Indiabulls have split the real estate and power group. The aim of this split is to ringfence Indiabulls Housing Finance Ltd (IBHFL).
RBI is currently in the process of shortlisting applicants for new banking licenses, for which 25 entities including those belonging to large corporate houses like Anil Ambani-led Reliance Group, Aditya Birla Group, Bajaj, L&T and Religare groups are in the fray.
MCHI's property exhibition in Mumbai where 50 developers showcased 2,500 properties across city and its suburbs suggests price will not come down sharply despite weak demand from end-users.<br /><br />