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News Web

Discover and get news on upcoming IPO and Unlisted Shares for Investors. Also, get all the updates about the share market, Insurance and Pre IPO-Stock before buying, Selling or Investing.

ATM Cash Van Hijacked in Odisha's Berhampur, Rs 24 Lakh Looted

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Source: News18

[Techie Tuesday] Electronics, ATMs, and fintech solutions: the journey of AGS Transact Technologies' Mahesh Pa

Sept. 16, 2021

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Source: YourStory.com

EarlySalary ties up HDB Financial Services Ltd to fuel growth in digital lending

Sept. 3, 2021

EarlySalary ties up HDB Financial Services Ltd to fuel growth in digital lending.

Source: ANI News

HDB Financial Services Q1 net profit nosedives on Covid-19 impact

July 17, 2021

HDB Financial Services Ltd (HDBFSL’s), subsidiary of HDFC Bank, posted a sharp drop (43.9 per cent) in net profit at Rs 130.6 crore in the first quarter ended June 2021 (Q1FY22) from Rs 232.7 crore a year ago. The second wave of Covid-19 hit the business volumes and collections in Q1FY22.

Source: Business Standard

EarlySalary partners HDB Financial Services for digital loans

Sept. 1, 2021

EarlySalary said it was committed to providing a seamless customer experience by leveraging new-age technologies in the areas of data processing, artificial intelligence and machine learning, and analytics for real-time analysis.

Source: Mint

HDB Financial Services plans to raise Rs 7,500 crore through NCDs

Dec. 31, 2020

The finance company has seen business growing at a good pace over the past few years, with assets under management (AUM) registering a compound annual growth rate (CAGR) of 10 per cent. AUM grew 6 per cent in FY20.

Source: Business Standard

HDFC Bk shelves HDB’s IPO plans

Aug. 6, 2021

HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platform. The bank will consider testing the market for price discovery through a small stake sale.

Source: Times of India

How you can buy shares of Paytm, Ola and Flipkart from the unlisted market

Aug. 23, 2021

Investors in many IPOs are pocketing handsome listing gains, especially when the company is into some new-age digital business. The only problem is getting allotments, as the IPO issue gets oversubscribed many times over.

Source: Moneycontrol.com

HDFC Bank’s arm HDB Financial needs a fix for premium valuation to stick

March 25, 2021

The bank’s shares have gained just 3% since January, a much slower rate of growth than its peers. The drag on share prices besides HDB Financial has been the bank’s own troubles with its digital services

Source: Mint

HDB Financial Services lays off nearly 150 employees after performance review: Official

May 11, 2020

HDB Financial Services, a non-banking financial arm of HDFC Group, has laid off nearly 150 employees after a performance review, a company official said, rejecting allegations by sacked workers that they were asked to leave due to the economic situation caused by the COVID-19-related lockdown. The company official said the exercise is part of its regular annual performance review as also there were some ethical issues involved with the employees who have been laid off.

Market rally, liquidity drive up IPOs in FY21

March 30, 2021

According to data available with the stock exchanges, 30 firms raised Rs 31,277 crore through initial public offerings (IPOs) in 2020-21, significantly higher than Rs 20,352 crore mopped up through 13 initial share-sales in the preceding fiscal year.

Source: The Indian Express

HDB Fin gets Rs 80,000 crore valuation in grey market

June 28, 2021

Shares of HDB Financial, the NBFC arm of HDFC Bank, are being valued at over Rs 80,000 crore in the grey market, making it the country’s fourth most valuable non-bank lender at the existing prices.

Bajaj Finance Vs HDB Financial: Who Weathered The Pandemic Better?

Jan. 21, 2021

The once-in-a-lifetime Covid-19 pandemic took a toll on jobs and incomes of consumers...

Source: BloombergQuint

HDB Financial: Is HDFC Bank's 'Mini-Me' On The Fast Track To Growth?

May 29, 2019

The bank held a licence to start a non-banking financial services company, which it had not really used till then. The decision to make was whether that licence should be surrendered or if the bank could find a way to use it to build its network.

HDFC Bank quarterly, annual profit rise 18% on loan growth

April 17, 2021

HDFC Bank on Saturday reported a net profit of Rs 8,176 crore

Source: Times of India

HDFC bank NBFC arm sees increase in bad loans in 3 months

July 20, 2021

The number of bad loans are on the rise and imposes a major threat to the country. We will be discussing everything about it in this article. To understand everything to the core, we should start from scratch. We assure you that by the end of this article, we will be completely aware of the current problem.

Source: Inventiva

3-Point Analysis | Can HDB Financial Services Create Value For HDFC Bank?

July 1, 2019

Reports suggest that investors are buying shares of the unlisted HDB at a price of around Rs 1,000 per piece in the grey market, thus valuing HDB at around Rs 79,000 crores, a premium valuation for a non-banking finance company.

HDFC Bank Limited (HDB) Q1 2022 Earnings Call Transcript

July 17, 2021

HDFC Bank Limited Q1 FY '22 Earnings Conference Call on the Financial Results, presented by the management of HDFC Bank.

Source: The Motley Fool

HDB the new billion dollar baby?

July 26, 2017

Investors are punting that the next multi-billion dollar baby from the HDFC stable is born - HDB Financial Services, the non-banking finance subsidiary of HDFC Bank, the nation’s most valuable lender. It may soon head to Dalal Street where many average investors have turned millionaires by investing in Housing Development Finance NSE -1.84 % Co and HDFC Bank.

Suzuki Motorcycle India Partners With HDB Financial Services To Provide 24X7 Vehicle Finance

Aug. 24, 2019

Suzuki Motorcycle India Private Limited (SMIPL), announced its partnership with HDB Financial Services (HDBFS), to provide its customers with around the clock easy and hassle-free retail finance options to purchase their favourite Suzuki two-wheeler

RBI sees 387% rise in complaints against NBFCs, 58% rise against banks

Feb. 8, 2021

The number of complaints against banks and non-banking financial institutions (NBFCs) with Reserve Bank of India (RBI) is on the rise.

Source: Mint

EXPLAINED: IPO gold rush, bull run and more - How firms raised over Rs 31,000 cr in FY21

March 29, 2021

Experts say that global liquidity and bull run in domestic equity market helped Indian companies raise over Rs 31,000 crore through initial share-sale in the ongoing fiscal year and the IPO pipeline remains strong for 2021-22 too. This also marks the highest fund-raising through IPOs in last three years.

Source: Zee Business

Listed stocks going cheap, unlisted stars lose sheen

May 6, 2020

HDB Financial, HDFC Securities, HeroFin Corp and Chennai Super Kings, which traded at steep valuations, now don’t have many takers.

India Inc looks to raise more than Rs 50,000 crore from IPOs in FY21

Sept. 18, 2020

At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50 per cent since March and IPO listings getting strong demand from the public.

Aditya Puri family sells stake worth Rs 200 crore in HDB Financial Services, says report

Dec. 24, 2019

Vistra ITCL, a family trust of Aditya Puri, Managing Director of HDFC Bank has partly sold its stake in HDB Financial Services, the unlisted NBFC arm of the private lender, reported Economic Times.

Samvat 2077 promises a blockbuster year for IPO investors: LIC, NSE, Zomato top list

Nov. 12, 2020

India's primary market is likely to stay strong till next Diwali, considering the robust liquidity in the market and strong risk appetite amid low returns from fixed income products.

Source: Economic Times

Motilal Oswal Financial Services announces two senior hires in its housing finance company

Oct. 6, 2020

Motilal Oswal Financial Services Limited (MOFSL) has announced that its board of directors have appointed Arvind Hali as the new Managing Director and Chief Executive Officer and Amar Bahl as the Deputy Managing Director and COO of its housing finance company, Motilal Oswal Home Finance Limited (MOHFL)

Source: Best Media Info

Over-borrowing a concern in growing microfinance sector: Smile Microfinance MD Murali Srinivas

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Investors in SMILE Microfinance renew stake sale plan

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Kerala: Opposition walks out of assembly

Sept. 16, 2021

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Source: Times of India

Kotak Special Situations Fund invests Rs 350 crore in AGS Transact Technologies

March 31, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited --has invested Rs 350 crore in end-to-end cash and digital payment solutions provider AGS Transact Technologies Limited in the form of non-convertible debentures (NCDs).

Source: Times of India

About Town

Sept. 16, 2021

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Source: Gainesville Sun

Religare Enterprises (parent Company of care health) to raise Rs 570 crore from preferential issue

June 8, 2021

Financial services player Religare Enterprises Ltd (REL) on Tuesday said it proposes to raise Rs 570 crore via preferential issuance of shares to a clutch of investors,. The fund raised would be primary utilised as growth capital for investment in its subsidiaries businesses, it added.

Source: Business Standard

Religare Enterprises share rises over 9% as board to consider fundraising on June 8

June 4, 2021

Religare Enterprises(parent company of care health) share rose over 9% after the company said its board would consider raising of funds in a meeting to be held on June 8,2021. Share of Religare Enterprises has gained 323.46% in a year and risen 77.66% since the beginning of this year.

Source: Business Today

Religare hopeful of finalising debt restructuring soon: Nitin Aggarwal

Feb. 17, 2021

Religare is looking at a possible listing of its health insurance subsidiary, Care health, possibly in the coming year.

Source: BusinessLine

Desperate Anil Ambani in talks with Hero FinCorp to sell his general insurance business

May 30, 2019

Reliance Capital Ltd., controlled by Ambani, is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance to Hero FinCorp Ltd. the people said, asking not to be named as the information is not public. Negotiations are ongoing and may not result in a deal, the people said.

Delhi HC Restrained Hero Fincorp From Selling

July 4, 2020

The High Court of Delhi by an order dated 2nd July, 2020 has restrained Hero Fincorp Ltd. from selling, invoking or creating any third party rights in the shares pledged by Jayneer Infrapower & Multiventures Pvt. Ltd, 25FPS Media Pvt. Ltd. and Asian Satellite Broadcast Pvt. Ltd.

‘Waiting for govt’s credit-giving norms before resuming our biz’

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Mauritius based Aviator EMF invests USD 3.1 million in Midland Microfin Ltd

May 5, 2020

Mauritius based Aviator EMF invests USD 3.1 million in Midland Microfin Ltd.

Devesh Sachdev elected Chairperson and Prashant Thakker, Vice-Chairperson at MFIN's 12th AGM

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Source: Elets

Greenlight Planet launches new solar lanterns with Midland MicrofinLtd to enable energy access in rural Rajasthan

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Aviator Emerging Market Fund leads investment in Dhanvarsha Finvest

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Source: VCCircle

SMILE Microfinance on the block

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India’s Specialty Chemicals Boom Creates A New Billionaire

Sept. 20, 2021

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Source: Forbes

GPIL may shine owing to the Long-Term Coal Linkages award

Jan. 29, 2017

Godawari Power And Ispat limited has informed the Exchange that the company has been awarded Long-Term Coal Linkages in the recently concluded coal linkage auction made by Coal India Limited.

HDFCs subsidiary HDB to raise $150 mn from IFC in senior debt investment

May 17, 2018

HDB Financial Services Limited (HDB), a subsidiary of HDFC Bank Limited, is set to raise $150 million from International Finance Corporation (IFC). The investment will be in the form of senior debt investment, said the World Bank's investment arm.

Raymond group chairman Gautam Singhania to step down as head of all group companies

Jan. 10, 2019

Singhania will soon exit the group's two engineering entities—JK Files and Ring Plus Aqua—for which he is already looking for a professional chairman, according to The Economic Times report. He may also move out from the top post of the flagship entity, Raymond Ltd, the report said.

Tips to Find the Best Medical Insurance Company in India

June 23, 2021

Care Health Insurance offers 95.2% CSR, which means that the company over 95% of the claims filed by the policyholders in a given year.

Source: IndianWeb2.com

Hero FinCorp seeks 100 per cent stake in RGI

July 9, 2019

Hero FinCorp is looking to acquire 100 per cent stake in Reliance General Insurance and is set to make an offer this month.

$100 mn investment proposal in Hero Fincorp secured debt: What International Finance Corporation said?

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Source: Zee Business

Hero ventures into retail financing, targets `5,000 crore business by 2017

April 30, 2013

Hero FinCorp Ltd, the new firm, is a result of Hero MotoCorp revamping its previous financing firm Hero Honda FinLease Ltd, whose role was limited to providing ₹ 15-20 crore in capital financing to the two-wheeler maker’s vendors and dealers, chief financial officer Ravi Sud said in an interaction on Monday.

HDB Financial Services partners with Ashok Leyland

Dec. 3, 2019

HDB Financial Services Limited has signed a memorandum of understanding (MoU) with commercial vehicle manufacturer Ashok Leyland to enter into a strategic financing partnership for two years.

The Four Unlisted Financial Services Firms Soaring In Over-The-Counter Market

Aug. 9, 2017

Shares of some of the unlisted financial services companies that trade in the over-the-counter market have more than doubled over the last one year. And the demand is driven by rich individual investors hoping to cash in when they go public.

HDFC Bank Q4 results: Net profit rises 18% YoY to Rs 8,186.5 crore, below Street estimates

April 19, 2021

India’s largest private sector lender HDFC Bank today reported an 18.2 per cent year-on-year rise in net profit to Rs 8,186.51 crore for the quarter ended March. The lender reported a net interest income of Rs 17,120.2 crore, up 12.6 per cent from a year-ago quarter.

Source: Economic Times

HDFC Bank plans to list NBFC arm, raise $1 bn

June 26, 2019

India’s largest private sector lender, HDFC Bank Ltd, is eyeing an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more than $1 billion, said two people aware of the development.

HDB Financial Services to raise Rs 15,000 cr via non-convertible debentures

Aug. 27, 2019

HDB Finance, an NBFC in the retail financing space, has seen its overall loan portfolio grow by 22 per cent to Rs 56,287 crore as on June 30 from Rs 45,889 crore a year ago

HDB Financial: Is HDFC Bank’s ‘Mini-Me’ On The Fast Track To Growth?

May 29, 2019

The bank held a licence to start a non-banking financial services company, which it had not really used till then. The decision to make was whether that licence should be surrendered or if the bank could find a way to use it to build its network.

Mid-market PE firm in talks to invest in commercial vehicle financier IKF

Jan. 31, 2020

IKF Finance Ltd, a commercial vehicle finance firm backed by Motilal Oswal Private Equity, has signed a non-binding agreement.

HDB Financial: how Aditya Puri’s dream IPO is now HDFC Bank’s headache

Aug. 4, 2021

From aiming for an INR80,000 crore IPO to now engaging with investors for stakes, things have changed rapidly for HDB Financial Services. At over 7% NPAs in the June quarter, observers say it's unlikely that operations will normalise even after a year. Analysis of limited available data leads to questions of whether HDB Financial is worthy of an IPO.

Source: Economic Times

HDB Fin’s challenges may continue for now

Oct. 19, 2021

HDFC Bank’s stellar performance in the July-September quarter notwithstanding, the impact of uncertainty for financial services reflected in its non-banking financial unit HDB Financial Services which serves clientele with a lesser credit profile.

Source: Economic Times

How HDB financial services can add to HDFC bank's long rally

March 27, 2019

HDB was set up as a non-bank financing company (NBFC) by HDFC Bank in June 2007 and began operations in FY08. HDB has emerged as one of the larger players in retail financing over the past few years. It has a presence in 831 cities through 1,165 branches as at March 31, 2018.

Ardent Steel Plans 1.2 MTPA Integrated Steel Plant at Keonjhar | Steel360 News

Aug. 6, 2018

Ardent Steel Limited (ASL), a HIRA Group Company plans to set up a greenfield integrated steel plant at at Phuljhar village in Banspal block of Keonjharat Odisha, where company already has a pelletisation plant. New plant will build in two phases. An investment of INR 4013 crore earmarked for new plant.

Upcoming IPOs in 2021: LIC, IRFC, Zomato, other public issues on cards; will IPO bull run continue in 2021?

Jan. 8, 2021

Upcoming IPOs List 2021, Upcoming IPOs in India 2021: Indian companies raised over Rs 30,000 crore from the investors in the last calendar year 2020, even as COVID-19 pandemic hit the market sentiment.

Source: The Financial Express

These 8 IPOs debuted with over 100% premium on Day 1

July 21, 2021

Big corporate houses and new-theme businesses are going to increasingly hit the IPO market, say analysts. In fact, in the last one year, IPOs by specialty chemicals and new technology companies have gathered momentum. Fundraising of more than Rs 50,000 crore has taken place so far in 2021.

Source: Moneycontrol.com

Tax saving shouldn't be only reason to buy health policy: Ajay Shah

March 23, 2021

One should not buy health insurance only for availing of tax benefit. It should be looked at factoring in significant inflation in the cost of healthcare, says Ajay Shah, director and head-retail sales, Care Health Insurance

Source: Livemint

How to calculate capital gains tax on unlisted shares

July 8, 2021

As markets rise, any investors are looking at picking stocks of unlisted firms from the grey market. Some stocks such as HDB Financial Services Ltd and Studds Accessories Ltd are popular in the grey market. Individuals are also investing in shares of companies that could go for an initial public offering (IPO), hoping to make gains in such trades.

Source: Mint

Tata Motors ties up with HDFC, ICICI and many others for financial assistance to CV customers

Jan. 21, 2021

Tata Motors tie-up with banks and lenders: Some of these financing solutions will target large corporate customers and individual customers with large fleets in the M&HCV space.

Source: Financial Express

Acko partners with HDB Financial Services to offer micro insurance on HDB Aabhar Cards

Feb. 27, 2020

Acko partners with HDB Financial Services to offer micro insurance on HDB Aabhar Cards

Suzuki Motorcycle partners with HDB Financial Services

Aug. 23, 2019

Suzuki Motorcycle India joined hands with HDB Financial Services to offer 24x7 financial services to the customers, informs the company in a release

NBFC Arm Of HDFC Bank Plans To Raise Funds Via Debentures

May 26, 2021

HDFC Bank's NBFC arm, HDB Financial Services Limited, is planning to raise Rs. 8600 crore via debentures. There are speculations of the NBFC company coming up with an IPO offer, but the same has been stalled as the company is currently probably waiting for this disruptive time period to get over.

Source: Goodreturns

HDB Financial Services can be a big value creator; buy HDFC Bank

Sept. 3, 2018

The bank posted robust profit through 1998 to 2018, with compounded annual growth rate (CAGR) of 32 percent for 20 years. Return on equity (RoE) has been over 15 percent for every single year from 1998 to 2018. As a consequence of superior performance, the stock has generated more than 29 percent CAGR in the last 20 years.

Large NBFCs may tap equity markets in next 6-12 months

May 21, 2021

Several non-banking financial companies (NBFCs) are likely to hit the market over the next six months to a year to raise equity, aiming to tap robust capital markets, said industry experts.

Source: Mint

Nayara Energy achieves financial closure for foray into petrochemical business, secures Rs 4,016 cr loan

Jan. 20, 2018

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Source: Moneycontrol

HDFC Bank's NBFC arm holds IPO plans; to raise over Rs 8,600 crore via debt

May 25, 2021

HDB Financial Services Limited, a non-banking finance company promoted by the HDFC Bank, has lined up plans to raise over Rs 8,600 crore by way of debentures.

Source: Business Today

HDB Financial Services plans launch of new products, eyes higher growth

Oct. 20, 2021

HDFC Bank’s non-banking finance subsidiary, HDB Financial Services, saw loan growth of just 2.3 per cent in the second quarter of the fiscal, but is now looking at rolling out new products and is confident of higher growth.

Source: BusinessLine

FREO partners with HDB Financial Services to offer lending solutions

July 7, 2021

Neobank FREO has partnered with HDB Financial Services to offer a credit line and high-ticket personal loans to customers across multiple cities in India.

Source: BusinessLine

Moodys downgrades Hero FinCorp ratings; outlook revised to negative

July 24, 2020

Global rating agency Moody's has downgraded Hero FinCorp Ltd's foreign and local currency issuer ratings from “Baa3” to “Ba1” due to severe impact of economic shock triggered by Covid-19 pandemic.

Reliance Capital ends talks with Hero Fincorp on insurer sale

Sept. 9, 2019

File Photo of Anil Ambani. Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said.

Anil Ambani in talks to sell General Insurance biz to Hero FinCorp

May 30, 2019

Beleaguered businessman Anil Ambani is in talks to sell his group’s general insurance unit to a non-banking finance company (NBFC), people familiar with the matter said, as he seeks to reduce debt.

ICRA upgrades credit rating of Motilal Oswal Financial Services’ subsidiary

Aug. 10, 2021

ICRA Limited has upgraded the credit rating on long-term debt instruments of Motilal Oswal Home Finance Limited (MOHFL), a material subsidiary of Motilal Oswal Financial Services Limited to ICRA AA-/Stable from ICRA A+ /Stable. Further, ICRA has also reaffirmed the Credit Rating of ICRA AA/Stable on long-term debt instruments of the Company.

Source: Indiainfoline

REL(Parent company of Care Health) to invest over Rs 100 cr in broking, housing finance business

June 10, 2021

Religare Enterprises plans to invest over Rs 100 crore in the housing finance business and the broking unit out of Rs 570 crore of equity capital it will raise from investors, including the Burman family. The company will invest over Rs 400 crore towards the growth of RFL which is undergoing debt restructuring.

Source: Business Standard

Ownership change drives up this unlisted stock 400% in 18 months

Sept. 18, 2020

If health insurers have been some of top beneficiaries of Covid-19 pandemic, then Care health has been an out-and-out winner. Its shares have quadrupled in the unlisted space in last one-and-a-half year.

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