Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns
Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.
LIC Housing Finance on Thursday said it has allotted over 4.5 crore preference shares to promoter LIC for over Rs 2,335.5 crore.
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
Total income declined to Rs 4,859.04 crore from Rs 4,977.5 crore a year ago. Sequentially also income fell marginally from Rs 4,964.3 crore in Q4FY21
LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC
While the companies are saying they are following Sebi guidelines, the regulator is asking them to follow their own guidelines.
Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)
It will apply to loan amounts of up to Rs 50 lakh offered to salaried individuals.
Around 12.40 p.m., shares of the company on the BSE were trading at Rs 468.65, higher by Rs10.90 or 2.38 per cent from its previous close.
State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis
LIC will infuse equity capital worth about Rs 2,334.70 crore in its subsidiary LIC Housing Finance by picking up an additional stake in the company
Provisions jumped sharply to Rs 977 crore in the quarter under review against Rs 181 crore (QoQ)
To raise equity capital through prefential issue to LIC
This was due to higher provisioning for bad loans.
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts
The firm has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year
The RBI, on Wednesday, came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs
At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE