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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…
The IPO-bound Tata Capital on Wednesday reported a 31 per cent year-on-year surge in its consolidated profit after tax (PAT) to ₹1,000 crore for three months ended March 2025. The company logged a profit after tax of ₹765 crore in the year-ago period. Total revenues from operations rose nearly 50 per cent to ₹7,478 crore…
Penny stock below Re 1: Standard Capital Markets announced on Tuesday, May 13, that it will raise ₹130 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) considered and approved the allotment of 13,000 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each, at…
Bhansali, a man of soaring ambition, emerged from humble roots to orchestrate one of the most audacious financial frauds of the 1990s. Coming within four years of the Harshad Mehta scandal, it exposed the vulnerabilities of India’s nascent non-banking financial sector. Hailing from Sujangarh, Rajasthan, Bhansali was born into a modest jute-trading family. After early…
Life Insurance Corporation of India (LIC)-owned non-banking finance company Paisalo Digital on Friday, May 9, announced a 25% jump in standalone net profit for the fourth quarter of the financial year 2024-2025 (Q4 FY25) to ₹45 crore, as against ₹36 crore in the corresponding period last year. Its net interest income (NII), which is the…
Small-cap stock under ₹100: Non-banking financial company (NBFC) firm, IBL Finance stock, will be in the focus of stock market investors after the company announced that they have achieved a milestone of ₹100 crore assets under management (AUM), according to an official release. The non-banking lender also announced that they are working on collaborating with…
Penny stock below Re 1: Standard Capital Markets announced on Friday, May 2, that it will raise ₹50 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) considered and approved the allotment of 5000 unrated, unlisted, secured NCDs, with a face value of Rs. 1,00,000 each, at…
LIC-owned NBFC stock to declare Q4 results, final dividend for FY25 on THIS date; stock up 8% in 5 sessions
Jio Financial Q4 Results: Reliance group NBFC declares first-ever dividend of ₹0.50
Jio Financial share price rose over 2% on Tuesday’s session following an announcement from the Reliance group’s non-bank financial institution (NBFC) in an exchange filing, which stated it would evaluate its first-ever dividend on Thursday, April 17, 2025. The NBFC will review and approve its audited financial results, both standalone and consolidated, for the quarter…