Stocks to buy in HFC, auto ancillary and construction sectors

Stocks to buy in HFC, auto ancillary and construction sectors

US markets are running on stimulus hope and domestically, it will make sense to be very cautious while trading in short-term players, says Rahul Sharma, market strategist and research head (equity), Equity99 Advisors. On near-term factors at play in the marketIn September, the Nifty fell to 10,800 from 11,600 and then it rebounded to 11,600. … Read more

PNB Housing Finance appoints ex-SBI Card head Hardayal Prasad as new MD and CEO

PNB Housing Finance appoints ex-SBI Card head Hardayal Prasad as new MD and CEO

New Delhi: PNB Housing Finance on Thursday announced that Hardayal Prasad, the former SBI Card head who left the card issuer company last month, has been appointed as its new MD and CEO. The housing finance arm, promoted by country’s second largest state-owned Punjab National Bank ( PNB), currently has Neeraj Vyas as its interim … Read more

PNB Housing Fin to seek shareholders’ nod to raise up to Rs 45,000 cr

PNB Housing Fin to seek shareholders’ nod to raise up to Rs 45,000 cr

NEW DELHI: PNB Housing Finance said it will seek shareholders’ approval next month to raise up to Rs 45,000 crore through debt securities. The company’s annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription … Read more