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Friday, March 29, 2024
TopicIndiabulls

Topic: Indiabulls

Debt-laden Vodafone, Indiabulls & Glenmark likely to be taken out of MSCI index

The global index provider could remove sinking companies, brokers say, but is likely to add ICICI Prudential Life Insurance and Siemens this week.

HDFC Bank’s value surges the most in the world despite India’s lending crisis

HDFC Bank’s market value surged by $21 billion over past year. Among 25 biggest lenders globally, no other stock commands a higher price relative to earnings.

Indiabulls, Lakshmi Vilas Bank merger rejection fans new contagion risks

Indian taxpayers have already shouldered burden of a Rs 14 lakh crore bad loan problem at conventional banks. They can’t foot the bill again.

RBI rejects proposed merger of Indiabulls and Lakshmi Vilas Bank

Lakshmi Vilas Bank was recently placed under Prompt Corrective Action due to high level of bad loans & negative return on assets for two consecutive years.

Yes Bank bonds slump to record low as shadow banking crisis continues

Yes Bank is at the epicenter of rising stress in India’s credit markets, where last year's shock defaults by a major infrastructure lender led to strains at other shadow banks.

Delhi High Court seeks response to Indiabulls’ perjury plea against lawyer Prashant Bhushan

Shadow lender Indiabulls claimed advocate Prashant Bhushan made allegations of financial irregularities against the company without verifying facts.

Indiabulls, hurting from share slide, seeks to bring forward court date on fraud charges

Indiabulls’ shares plunged after the Delhi High Court admitted a plea against the shadow lender and RBI placed restrictions on its acquisition target, Lakshmi Vilas Bank.

PMC Bank crisis exposes failure of Indian regulators

Only 54 big lenders are monitored by RBI & investors are now trying to figure out whether they pose new threat to banking system hobbled by bad loans.

Indiabulls’ shares drop record 38% after RBI places restrictions on Lakshmi Vilas Bank

Indiabulls is also in legal hot water after the Delhi High Court agreed to hear a petition to investigate the company over allegations that it gave out “dubious loans”.

Indiabulls and Lakshmi Vilas bank, in talks to merge, face investigation over alleged fraud

The merger is crucial for shadow lender Indiabulls, which is seeking to diversify its asset base, while Lakshmi Vilas bank needs to raise capital to meet regulatory norms.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.