SBI now cautious, selective about lending to NBFCs, says Ashwini Kumar Tewari
State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The bank is focusing on better-quality NBFCs, renewables, and real estate sectors for corporate loans. Renewable energy and real estate projects are showing strong growth, while thermal power and SME rooftop solar projects are also […]
Investors bank on larger lenders, again
The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.
66,92,534% gain in a trading day? Yes, that’s Elcid
So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday’s trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.
Daiichi-Singh Brothers Dispute: Delhi HC orders auctioning of Fortis trademark
Justice Sachin Datta passed the order on an application filed by Daiichi Sankyo seeking the sale of the Fortis trademark, owned by RHC Healthcare Management Services which is one of the judgment debtors in the matter.
Afcons Infra’s Rs 5,430-crore IPO subscribed 2.63x
The non-institutional investors or high net worth investors category was subscribed 5.05 times. The IPO comprised a fresh issue of up to ₹1,250 crore and an offer of sale up to ₹4,180 crore by promoter, Goswami Infratech.