finance companies

Strictures leave IPO financing at a dead end

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Strictures leave IPO financing at a dead end

Mumbai: The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and … Read more

Early birds report strong Q2 growth

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Early birds report strong Q2 growth

Mumbai: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew … Read more