Latest business news
Penny stock, Non-banking financial company (NBFC), Standard Capital Markets on Monday, 19 May 2025, announced that the board of directors has approved the allotment of equity shares to non-promoters as a conversion of outstanding loans, according to the exchange filing. The company allocated 72,45,74,640 equity shares with the face value of Re 1 apiece for…
Distressed ed-tech giant Byju’s founder and chief executive officer (CEO), Byju Raveendran, accepted making some ‘business mistakes’ which landed the company into financial turmoil as the education startup aimed to expand to 21 nations outside India, reported the news agency ANI on Saturday, 17 May 2025. In an interview with the news agency, Raveendran highlighted…
SBI Q4 results 2025 LIVE Updates: State Bank of India (SBI), the largest state-run lender in the country, will declare its Q4 results today, 3 May 2025. The board of directors of SBI is scheduled to meet today to consider earnings for the fourth quarter of FY25 along with the earnings for the full financial…
ICICI Bank Q4 Results Preview: Net profit to rise over 10% YoY on loan growth, NII growth seen 9% YoY. ICICI Bank’s core net interest income rose by 9.5 per cent YoY to ₹20,048 crore in the July-September quarter of 2024-25 (Q2FY25), driven by a 15.7 per cent expansion in its domestic loan portfolio. The…
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose almost 4% after reporting a 49% growth in net profit in Q4 of FY25, thanks to strong credit offtake and improved interest margins. With the cut in the benchmark repo rate by 50 basis points to 6% over the past two monetary policy meetings and…
Golub Capital quickly bought a large amount of leveraged loans this week to take advantage of prices dropping significantly, according to people with knowledge of the matter. French bank Societe Generale was already working with the lender to put together a new collateralized loan obligation, and had secured investors for AAA bonds at a spread…
Shares of Muthoot Finance, a non-banking financial company (NBFC) specialising in gold loans, fell for the second consecutive day on Friday, April 11, dropping 8.13% to a three-month low of ₹1,965 apiece. The sharp decline came after the Reserve Bank of India (RBI) issued a new draft guideline for gold loans on April 9, aimed…