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IRFC OFS wraps up with non-retail book fully subscribed, retail at 41.39%
Indian Railway Finance Corporation's (IRFC) offer for sale (OFS) concluded on Thursday with the retail portion receiving a 41.39% subscription, while the non-retail segment was fully subscribed on the first day.
Calcutta Stock Exchange May Get Revived As BJP-Led Bengal Govt Eyes Private Investments
West Bengal Chief Minister Suvendu Adhikari and Finance Minister Swapan Dasgupta during a press conference after the presentation of the first Budget of the BJP government in the Legislative Assembly in Kolkata on Monday.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
BSH enters mass market in India for first time globally, cuts Bosch prices to rival LG, Samsung
German appliance giant BSH Home Appliances is making a significant push into India's mass market for the first time globally. By partnering with local manufacturers and reducing prices, the company aims to capture a larger share of this crucial segment. This strategic shift, which includes introducing over 350 new models, signals BSH's strong commitment to the Indian market and its potential for future growth.
Home First Finance Company India allots 66,740 equity shares under ESOP
The paid-up share capital of the Company has accordingly increased from Rs. 20,89,16,962 consisting of 10,44,58,481 equity shares having a face value of Rs. 2/- each to Rs. 20,90,50,442 consisting of 10,45,25,221 equity shares having a face value of Rs. 2/- each.
CCI approves Kedaara Capital's Rs 750 crore stake purchase proposal in Axis Finance
India's competition watchdog has given the green light for Kedaara Capital to invest Rs 750 crore in Axis Finance. This marks a significant primary capital raise for Axis Finance, its largest to date. It is also the first time the non-banking financial company has secured funding from an external investor.
China stocks mixed as weak consumer and property data offset industrial strength
Investor sentiment was weighed down by signs of uneven economic recovery. China's new home prices fell for a 35th straight month, remaining at their sharpest pace of decline since May 2025. Fixed-asset investment growth for JanuaryMay also missed expectations, while retail sales unexpectedly contracted in May, marking their first annual decline since December 2022.
Tyger Home Finance Pvt standalone net profit rises 1787.72% in the March 2026 quarter
Sales rise 39.63% to Rs 70.61 crore
SMFG India Home Finance Co standalone net profit declines 17.77% in the March 2026 quarter
Sales rise 4.29% to Rs 377.58 crore
CBI Conducts Searches In Rs 661 Crore IDFC First Bank-AU Finance Bank Fraud Case
The agency alleged that the public servants received undue advantages for facilitating the transactions.
CBI conducts searches in Rs 661 crore IDFC First Bank-AU Finance Bank fraud case
CBI conducted searches at six locations in Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud. The probe involves siphoning of government funds from Haryana and Chandigarh administrations, with allegations of collusion between public servants and bank officials. Incriminating documents and digital devices were seized during the operations.