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Tuesday July 29th 2014

‘Financial Serives’ Archives

PTC India Financial Services IPO – Opens Today

PTC India Financial Services IPO – Opens Today

PTC India Financial Services, a unit of PTC India,Went into IPO market and it has launched its initial public offer (IPO)today and will close it on March 18.The IPO price has been fixed at a price band at Rs 26-28 a share for its initial public offering (IPO) to be offered through 100 per cent book-building.They are planning to raise Rs 438 [...]

LIC Housing Finance Racket and SCAM – CBI Arrests LIC Housing Finance CEO

LIC Housing Finance Racket and SCAM – CBI Arrests LIC Housing Finance CEO

Central Bureau of Investigation (CBI) arrested LIC Housing Finance CEO Ramachandran Nair and seven others senior bankers in connection with a housing finance racket the remaining arrested are Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, eneral Manager of Bank of India (Delhi), Maninder Singh Johar, Director (Chartered Accountant) of [...]

Shriram Transport Finance soars by 4.99 Percent

Shriram Transport Finance soars by 4.99 Percent

SHRIRAM TRANSPORT FINANCE which opened at 732 or so on Friday and had a low of 725 or was hovering at that rate until 2.00 or so in the noon and there was a sudden spurt in volume and the stock closed at 769.20 up by almost 4.99 percent or 36.55 Rs. The only news that came out is that "Shriram Transport Finance, small and medium commercial [...]

LIC Housing Finance up by 8.5 Percent

LIC Housing Finance up by 8.5 Percent

LIC Housing Finance went up by 8.57% to Rs 885.10. The stock topped the gainers in the BSE's 'A' group. The stock saw a huge interest as there was buzz in the market that ILIC might foray in Bank Business , this created interest in the LIC Housing Finance stock.

L&T Insurance – Larsen and Toubro Insurance Soon to come

Larsen and Toubro informed the market that the company has received R1 approval for its general insurance venture from IRDA , which means they have to have 2 more approvals R2 and R3 which is the time where the IRDA monitors the Business model and Formation of the company , we can see the company opening its business anywhere from 3 to 6 [...]

Sundaram Finance and BNP Paribas form Sundaram BNP Paribas Security Services

Sundaram Finance and BNP Paribas form Sundaram BNP Paribas Security Services

Sundaram Finance Ltd has informed the market that the wholly owned subsidiary of his company, Sundaram Business Services Ltd, have signed a joint venture agreement with BNP Paribas Securities Services, France, to provide security services in India. The company will be called Sundaram BNP Paribas Security Services.