Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more
Mumbai: Housing, vehicle and consumer finance-linked NBFCs are expected to report about a 20% rise in earnings for the March quarter though profit margins may be squeezed due to the rising cost of funds. Bajaj Finance, Cholamandalam Investment and Finance and Shriram Finance may lead the growth due to strong consumer demand and as they … Read more
Global brokerage BofA Securities maintained its buy rating on and , and JPMorgan initiated coverage on with an underperform rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on : Buy| Target Rs 2805BofA Securities maintained a buy rating on Reliance Industries with a target … Read more