L&T Finance

Its capital adequacy was 22.65 per cent (Tier 1: 19.85 per cent) and Debt to Equity (D/E ratio) at 4.18 times in Q2FY23

Firm expects NIM plus fees to stay above 8% in FY23

Appoints L&T CEO S N Subrahmanyan as chairman; Shailesh Haribhakti to remain independent director

Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon of 7.4 per cent.

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

While disbursements improved in Q3, asset quality trend remains an uncomfortable patch

L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE

The promoter of Adani Green Energy, Adani Trading Services LLP, on Monday offloaded shares worth nearly Rs 3,309 crore in the firm

Deosthalee served as the first chairman and managing director of L&T Financial Services.

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue. "The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing. The company said details of the rights issue, including price and entitlement ratio, will be determined in due course. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

Short term trend of the stock is positive where stock price is trading above its 5 and 20-day SMA

All that happened in the markets today

The Federal Reserve, in the minutes of its July meeting, raised concerns that the US economic recovery from the devastating effects of the pandemic faced a highly uncertain path

The financial services arm of Larsen & Toubro has started discussing the fundraising with potential advisers, said the people, who asked not to be identified as the matter is private

Shares of CG Power were trading 4.98 per cent higher at Rs 15.39 per share on BSE

The short term trend of the stock is positive where it is trading above its 5 and 20-day SMA.

As working capital requirements also rise, analysts estimate earnings to dip in FY21