Ahead of Market: 10 things that will decide D-Street action on Thursday

Ahead of Market: 10 things that will decide D-Street action on Thursday

Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more

Shriram Properties files DRHP for Rs 800 crore IPO

Shriram Properties files DRHP for Rs 800 crore IPO

BANGALORE | MUMBAI: Realty developer Shriram Properties has filed its draft red herring prospectus (DRHP) with the capital market regulator Securities & Exchange Board of India for its maiden share sale issue worth Rs 800 crore. The Initial Public Offer (IPO) will include fresh issue of shares worth Rs 250 crore and an offer for … Read more

LIC’s housing finance subsidiary sanctions Rs 600 crore to five developers

LIC’s housing finance subsidiary sanctions Rs 600 crore to five developers

MUMBAI: At a time when most banks and non-bank lenders shy away from the real estate sector, the housing finance subsidiary of Life Insurance Corporation of India is going aggressive on developer financing. In the last few months, LIC Housing Finance has sanctioned more than Rs 600 crore to at least five developers including Shriram … Read more