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Indiabulls Asset Management

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'I have raised Rs 90,000 crore'

'The ship has been stabilised.''For the last 6-7 quarters, profitability is stable around Rs 250-Rs 300 crore.' Photograph: Kind courtesy Indiabulls HomeLoans/Instagram Sameer Gehlaut (promoter),......

HSBC's AMC acquires L&T Mutual Fund business for $425 million

L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of......

How IL&FS crisis has impacted non-banking finance companies

For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after the......

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016. Capital markets regulator Securities and Exchange Board of India (Sebi) is examining......

Templeton's investment in Rana Kapoor's YES Capital under ED lens

Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet. Illustration: Dominic......

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