finance company

SIDBI to be first to raise funds through ECB


August 27th, 2012 - 10:13 pm ICT by IANS
Kolkata, Aug 27 (IANS) The Small Industries Development Bank of India (SIDBI) Monday said it would be first finance company to raise funds through external commercial borrowing (ECB) after the ... Read more...

Posted in Business |

Tube Investments of India net down Rs.11.59 crore


August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...

Posted in Business |

Shriram Transport Finance to expand into rural areas


July 25th, 2012 - 6:28 pm ICT by IANS
Chennai, July 25 (IANS) Used truck financier Shriram Transport Finance Company is planning to expand its network to rural India where it sees good demand growth."Currently the company has around ... Read more...

Posted in Business |

Magma Fincorp Q1 net jumps 93 percent


July 12th, 2012 - 6:06 pm ICT by IANS
Kolkata, July 12 (IANS) City-based non-banking finance company (NBFC) Magma Fincorp Thursday reported a 92.76 percent jump in its consolidated net profit to Rs.33.02 crore for the quarter ended June ... Read more...

Posted in Business |

Gold finance company robbed


June 22nd, 2012 - 10:05 pm ICT by IANS
New Delhi, June 22 (IANS) Four men Friday robbed a gold finance company here of Rs.1.35 lakh in cash and gold jewellery reportedly worth lakhs of rupees after stabbing a ... Read more...

Posted in Uncategorized |

Srei to focus on IT, healthcare equipment financing


May 14th, 2012 - 10:52 pm ICT by IANS
Kolkata, May 14 (IANS) With the country's power and telecom sectors experiencing many challenges, infrastructure and construction equipment financing non-banking finance company (NBFC) Srei Infrastructure Finance Ltd. Monday said it ... Read more...

Posted in Business |

Engineer becomes thief to recover business losses


May 11th, 2012 - 10:48 pm ICT by IANS
New Delhi, May 11 (IANS) In order to recover his business losses, a 43-year-old software engineer stole jewellery worth Rs.3 lakh from his neighbours' flat but landed in the police ... Read more...

Posted in Uncategorized |

Magma to roll out housing finance, gold loan business FY13


April 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, April 27 (IANS) Magma Fincorp will roll out housing finance and gold loan businesses this fiscal. The city-base non-banking finance company is also awaiting the insurance regulator's nod to ... Read more...

Posted in Business |

Police nab Pune gold-heist robbers


April 19th, 2012 - 9:44 pm ICT by IANS
Pune, April 19 (IANS) The Pune Crime Branch nabbed two persons in connection with the loot of around 18 kg of gold and cash from a gold finance company's branch ... Read more...

Posted in Uncategorized |

18 kg gold looted from Pune office of finance company


April 18th, 2012 - 6:57 pm ICT by IANS
Pune, April 18 (IANS) About 18 kg of gold and cash over Rs.6 lakh were looted from a gold finance company's branch in this western Maharashtra city, police said here ... Read more...

Posted in Uncategorized |

DGSCL files contempt petition against NHAI


March 27th, 2012 - 7:50 pm ICT by IANS
New Delhi, March 27 (IANS) The Delhi-Gurgaon Super Connectivity Ltd (DGSCL) Tuesday filed a contempt petition in the Delhi High Court, saying that the National Highways Authority of India (NHAI) ... Read more...

Posted in Business |

Court restrains NHAI on contract termination


March 2nd, 2012 - 12:02 am ICT by IANS
New Delhi, March 1 (IANS) The Delhi High Court Thursday extended the stay on the National Highways Authority of India's (NHAI) decision to terminate the Delhi-Gurgaon Super Connectivity Ltd's (DGSCL) ... Read more...

Posted in Business |

Srei Infra’s Q3 net slips by 51.8 percent


February 3rd, 2012 - 10:44 pm ICT by IANS
Kolkata, Feb 3 (IANS) Srei Infrastructure Finance Ltd, an infrastructure and construction equipment financing non-banking finance company (NBFC), Friday reported a 51.78 percent decline in its consolidated net profit for ... Read more...

Posted in Business |

Five held for cheating finance company


January 31st, 2012 - 2:01 am ICT by IANS
New Delhi, Jan 31 (IANS) Five people, including two officials from a private bank, accused of taking loans worth over Rs.2 crore by depositing fake gold biscuits, have been arrested, ... Read more...

Posted in Uncategorized |

Plea for CBI probe into corporate ministry theft (Lead)


January 25th, 2012 - 12:20 am ICT by IANS
New Delhi, Jan 24 (IANS) A finance company has moved the Delhi High Court seeking a Central Bureau of Investigation (CBI) probe into the theft from the ministry of ... Read more...

Posted in Uncategorized |

Plea for CBI probe into corporate ministry theft


January 24th, 2012 - 10:51 pm ICT by IANS
New Delhi, Jan 24 (IANS) A finance company has moved the Delhi High Court seeking a CBI probe into the theft from the ministry of corporate affairs of documents ... Read more...

Posted in Business |

Two held for duping a woman of Rs.1 crore


December 18th, 2011 - 12:14 am ICT by IANS
New Delhi, Dec 17 (IANS) Two people, including an employee of a finance company, were arrested in Jharkhand for duping a woman of more than Rs.1 crore in a ... Read more...

Posted in Uncategorized |

Delhi Metro awarded for clean system


December 6th, 2011 - 8:19 pm ICT by IANS
New Delhi, Dec 6 (IANS) The Delhi Metro and the Delhi Integrated Multimodal Transport System (DIMTS) were honoured by the urban development ministry at an event here Tuesday.The awards were ... Read more...

Posted in Business |

Airbus bags order for 50 planes


November 15th, 2011 - 7:48 am ICT by IANS
Dubai, Nov 15 (IANS) The Airbus has bagged a contract to supply 50 A320neo aircraft to the Kuwait-based Alafco finance company on the second day of the Dubai Airshow.Alafco (Aviation ... Read more...

Posted in Business |

Leasing company drops order for 6 Boeing 787 Dreamliners, opts for Airbus


November 15th, 2011 - 1:06 am ICT by BNO News
DUBAI (BNO NEWS) -- A Kuwait-based leasing company has dropped an order for six Boeing 787 Dreamliners and instead expanded its previous order for dozens of Airbus A320s, the companies confirmed. Oman ... Read more...

Posted in Business |

Reliance Capital mulling bonus, banking entry: Ambani


September 27th, 2011 - 1:17 pm ICT by IANS
Mumbai, Sep 27 (IANS) Reliance Capital could consider a bonus issue and make an entry into the banking sector even as it hopes to conclude soon a 26-percent stake sale ... Read more...

Posted in Business |

Shriram Housing Finance open for outside equity infusion


August 10th, 2011 - 8:05 pm ICT by IANS
Chennai, Aug 10 (IANS) Shriram Housing Finance Ltd., a financial services outfit of the city-based Shriram Group scheduled to start operations soon, is open for equity participation from investors including ... Read more...

Posted in Business |

Andhra proposes non-banking finance body for self-help groups


June 21st, 2011 - 11:11 pm ICT by IANS
Hyderabad, June 21 (IANS) In an attempt to protect women's self-help groups (SHGs) from exploitation by micro-finance institutions (MFIs), the Andhra Pradesh government proposes to set up a non-banking finance ... Read more...

Posted in Business |

Citigroup earns $160 mn from reducing HDFC stake


June 14th, 2011 - 2:08 pm ICT by IANS
Chennai, June 14 (IANS) US based financial services major Citigroup Inc. Tuesday said it had made a pre-tax profit of $160 million after reducing its holding in non-banking finance company ... Read more...

Posted in Business |

Finance company office looted


May 10th, 2011 - 8:25 pm ICT by IANS
New Delhi, May 10 (IANS) A gang of five robbers struck at the office of a finance company here Tuesday, taking away Rs.3.5 lakh in cash and gold of an ... Read more...

Posted in Uncategorized |

Armed men rob Rs.7.4 lakh in Gurgaon


May 2nd, 2011 - 3:15 am ICT by IANS
Gurgaon, May 1 (IANS) Three armed robbers barged into a finance company in this suburb, held two guards hostage and fled with Rs.7.4 lakh in cash, police said Sunday."Robbers struck ... Read more...

Posted in Uncategorized |

Zoom through royal cars and real business (IANS Books This Week)


April 28th, 2011 - 1:04 pm ICT by IANS
New Delhi, April 28 (IANS) This week's booty on the bookshelf is serious and informative. If there is a book on the cars of kings, then there is another ... Read more...

Posted in Life Style |

Daimler AG gets RBI nod for non-banking finance company


April 25th, 2011 - 9:03 pm ICT by IANS
Chennai, April 25 (IANS) Luxury car major Daimler AG Monday said it has received approval from the Reserve Bank of India to set up a non-banking finance company for ... Read more...

Posted in Business |

Volkswagen granted non-banking finance licence


March 28th, 2011 - 7:15 pm ICT by IANS
New Delhi, March 28 (IANS) Global automobile major Volkswagen's Indian finance subsidiary Monday said that it has been granted non-banking finance company (NBFC) licence by the Reserve Bank of India ... Read more...

Posted in Business |

Mukherjee allocates Rs.2,14,000 crore for infrastructure sector


February 28th, 2011 - 4:11 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday proposed an allocation of Rs.2,14,000 crore for infrastructure sector, which is 23.3 percent higher than the current year.This amounts ... Read more...

Posted in National |

Four held for stealing phones worth Rs.1 crore


February 12th, 2011 - 9:48 pm ICT by IANS
New Delhi, Feb 12 (IANS) Four members of a gang involved in kidnapping and robbery have been arrested and 2,850 stolen mobile phones worth more than Rs.1 crore recovered in north Delhi, ... Read more...

Posted in Uncategorized |

How Do You Know – An Absolute Treat To Watch!


December 17th, 2010 - 9:42 pm ICT by Sampurn Wire
The movie “How Do You Know “deals with the perennial problem that every relationship faces. It’s about the moment in our lives when we get into a relationship with a ... Read more...

Posted in Entertainment |

Six held for Rs.1 crore robbery in Ghaziabad


December 2nd, 2010 - 5:19 pm ICT by IANS
Ghaziabad, Dec 2 (IANS) Six robbers have been arrested and 1.5 kg of gold worth Rs.30 lakh and Rs.6 lakh in cash recovered in connection with a Oct 31 robbery at the ... Read more...

Posted in Business |

Three cheats held in Punjab


November 28th, 2010 - 3:01 pm ICT by IANS
Jalandhar (Punjab), Nov 28 (IANS) Three people have been arrested in Punjab for running a bogus finance company that duped scores of people here, police said Sunday.Those arrested were identified as ... Read more...

Posted in Uncategorized |

CEO’s arrest may hit future plans of LIC Housing Finance


November 25th, 2010 - 12:07 am ICT by IANS
Chennai, Nov 24 (IANS) The arrest of LIC Housing Finance Limited's CEO Ramachandran Nair by India's federal probe agency Wednesday would be a setback for the company's ambitious plans of floating a ... Read more...

Posted in Business |

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