Bajaj Finance Share Price Live Updates: Bajaj Finance's volatility metrics
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 hours ago
- Time of India
Nimbus group raises Rs 150 crore from Bajaj Finance to revive a stuck housing project in Noida
Nimbus Projects Ltd , a listed real estate developers headquartered in New Delhi, has raised Rs 150 crore from Bajaj Finance to revive a stuck housing project in Sector 168, Noida. The company will have to invest Rs 1,100 crore which includes the construct cost and payment to lenders and authority and the original promoter. The developer said balance fund can be generated through sale. 'Of around Rs 1,100 crore investment, about Rs 180 crore is the dues towards authority, Rs 42 crore is for lenders and around Rs 500 crore is construction cost. We have to pay money to original promoter as well. We are expecting around Rs 1,400 crore revenue from the project,' said Bipin Agarwal, CMD, Nimbus Group. While Nimbus will deliver the common areas for existing buyers of the stuck project, Sunworld Arista, it will get about a million sq ft of saleable area. Noida authority has given approval to the project under the Uttar Pradesh government's co-development policy to revive stalled projects . 'Builder had launched the project in 2011-12 and while some part of it is delivered, we will develop and deliver the balance part. There were few buyers in the undelivered part, who have given us NOC to take over and complete the project,' said Agarwal. The first project under the UP stalled project policy formulated by a committee headed by Amitabh Kant, who is now India's G20 sherpa, is being carried out by realty developer Hawelia Group, which has taken over a 22-acre partially delivered project, Shree Radha Sky Garden in Greater Noida. According to the Confederation of Real Estate Developers' Associations of India ( Credai ), 190,000 housing units worth Rs 1 lakh crore are stuck in Noida, Greater Noida and Ghaziabad. In Greater Noida region alone, at least 36 real estate projects are facing insolvency proceedings. Under the co-development policy, the new developer will have to settle RERA cases filed by the buyers. The developer could raise debt for financial closure of such projects on its net worth and credit ratings. The earlier promoters are already under default and do not have the required credit ratings to raise debt for completion of such stalled projects. It is estimated that Rs 40,000 crore is due to the Noida, Greater Noida and Yamuna Expressway authorities, including premium, interest, and penal interest against allotted plots on which real estate projects are in different stages of execution.
New Indian Express
19 hours ago
- New Indian Express
Indusind soars 5% as RBI nods Rajiv Anand as new CEO
However, Emkay noted 'we view the appointment of a seasoned private banker, versus rumors about the risk of hiring a PSB banker, as a positive development for the bank in the long run."Yet, the brokerage believes that Anand will have the tough task of rebuilding a leadership team, reorienting the bank's asset/liability mix, reinforcing governance standards, and restoring stakeholders' confidence, before setting off a turnaround for the bank once again. "We believe clarity on the long-term strategic direction may take some more time. In the interim, the stock performance is likely to be driven by near-term outcome on margin and asset quality, with the risk of kitchen sinking remaining a niggling concern," Emkay noted and reaffirmed its 'reduce' call, with a price target of Rs troubled Indusind has been headless since late April when the scam-tainted chief executive Sumant Kathpalia and his deputy Arun Khurana resigned owning moral responsibility for the massive losses in its forex derivatives trading book. As RBI mandated, the board of the bank had shortlisted three names--Rajiv Anand, Anup Saha of Bajaj Finance, and Rahul Shukla of HDFC Bank--to man the top deck of the bank and had submitted to the regulator for approval. While Saha is the managing director of Bajaj Finance, Shukla is the group head of commercial and rural banking at HDFC Bank and is on a sabbatical from the largest private sector bank. While Kathpalia had resigned on April 29, Khurana did so a day before. Both had cited moral responsibility for the scam for the decisions to leave, which came in well after seven weeks since the crisis came out. Both have also been banned by the market regulator from the market for insider trading—they had pocketed over Rs 157 crore from selling bank's shares in 2023-24. Since their resignations, the bank has been run by an RBI-approved executive committee comprising its consumer banking head Soumitra Sen and chief administrative officer Anil Rao. The new leadership is crucial development for the bank, which has been in focus since early March when it was forced by the RBI to inform all stakeholders that it made accounting mistakes in the forex derivatives books for several years and that it would have to make provisions to the tune of 1.35% of its networth as of December 2024 when it was Rs 64,000 crore. On May 22 the bank said while announcing the March quarter earnings that the losses were much higher at Rs 2,329 crore. It had booked a net profit of Rs 2,349 crore in the year-ago period. Most of the loss was due to the impairment in its forex derivatives book, which the management first said would be only around Rs 1,600 crore. The lender reported net interest income of just Rs 3,048 crore in Q4 a whopping 43% less from Rs 5,376 crore a year ago. Since the accounting scam, the bank counter lost more than half its value from its 52-week high of Rs 1,514.95 recorded in June 2024.
Time of India
21 hours ago
- Time of India
Tata Steel Share Price Live Updates: Tata Steel's Last Trading Day Performance
05 Aug 2025 | 09:04:46 AM IST Welcome to the Tata Steel Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Tata Steel, including: Last traded price 159.25, Market capitalization: 199187.23, Volume: 146521, Price-to-earnings ratio 43.89, Earnings per share 3.64. Get a complete picture of Tata Steel's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as Tata Steel continues to make waves in the market. The data points are updated as on 09:04:46 AM IST, 05 Aug 2025 Show more
