Market News
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Housing finance stocks near inflection point, Bernstein picks 2 favourites
Affordable housing finance stocks are nearing a turning point. Bernstein highlights attractive valuations and improving growth and asset quality. HomeFirst and Aadhar Housing Finance are named as preferred investments. The sector is poised for a turnaround, offering significant upside potential for investors. This presents a favorable entry point for the segment.
Biocon rolls out two biosimilars in US market
Biocon has launched two new biosimilar medicines, Bosaya and Aukelso, in the United States. These drugs treat serious bone conditions. They are now available through specialty pharmacies and healthcare providers. The US Food and Drug Administration previously approved them. This launch expands Biocon's portfolio and aims to provide affordable treatment options for patients.
Gold demand may remain steady to modest this Gudi Padwa amid volatility, say experts
Gold demand during Gudi Padwa is expected to stay steady due to volatile prices and cautious consumer sentiment, with a shift towards affordable jewellery and natural diamonds.
Affordable housing lender Truhome Finance files for ₹3,000 crore IPO
TruHome Finance, backed by Warburg Pincus, filed its DRHP with SEBI to raise ₹3,000 crore via IPO, including a fresh issue of ₹1,500 crore and an OFS by Mango Crest.
Cult.fit's fitness playbook widens: Affordable gyms, Pilates studios and products fuel growth
The company is investing in mass-market centres like Cult Neo, premium Pilates studios, and a rapidly growing consumer products division as it aims to become an active lifestyle brand. This puts it in competition with boutique studios, independent gyms and a growing wave of D2C fitness brands.
HLL Lifecare to expand AMRIT Pharmacies to 550 outlets by 2027
HLL Lifecare will significantly expand its AMRIT pharmacy network across India. The number of outlets will more than double to over 550 by December 2027. This initiative aims to make life-saving medicines and implants more affordable and accessible. Special focus will be on underserved and remote regions. The expansion involves an investment of Rs 100 crore.
Motilal Oswal Home Finance signs $100 million NCD deal with Asian Development Bank
Motilal Oswal Home Finance signed a deal with the Asian Development Bank to raise $100 million in rupee debt via debentures, supporting affordable housing loans for women and green housing.
Motilal Oswal Home Finance signs USD 100 mn debt deal with ADB for women-focused, affordable, green housing
To be raised in rupee-equivalent debt, a part of the capital will be used to provide affordable housing loans to women borrowers while 10 per cent of the proceeds will be deployed to finance the construction of residential units that meet recognised green building certification standards, supporting the adoption of environmentally sustainable construction practices, the company said.
IIFL Home Finance inks $300 million loan pact with ADB
IIFL Home Finance has secured a $300 million loan from the Asian Development Bank to expand affordable housing lending for low-income families, with a special emphasis on women. A portion of the funds will back green-certified, energy-efficient homes, helping address India's substantial housing shortage and extending homeownership to underserved communities nationwide.
IIFL Home Finance Limited raises $300 million from Asian Development Bank to expand affordable housing for women
IIFL Home Finance secures a 300 million dollar loan from Asian Development Bank and partners to boost affordable, green housing finance for low-income women in India amid a major housing deficit.
IndusInd Bank chief says all strategic decisions ultimately must be made by the Board
IndusInd Bank's top leadership is focused on rebuilding trust and strengthening the bank's operations. Decisions on strategic investors or mergers will be made by the board. The bank is prioritizing growth in affordable housing, gold loans, and MSME lending. Efforts are underway to improve liability generation and reduce costs. Technology and control gaps are being addressed, with completion expected soon.
Repco Home: Why this affordable housing play deserves attention
Growth recovery, improving asset quality to boost valuations