Godrej incorporates subsidiary to enhance its presence in financial services
The incorporation of Godrej Investment Ltd follows approval by the Godrej Industries Ltd board on August 13, 2025, and shareholder approval on September 29, 2025.
The incorporation of Godrej Investment Ltd follows approval by the Godrej Industries Ltd board on August 13, 2025, and shareholder approval on September 29, 2025.
These parameters are carefully benchmarked against past performance, future projections, sectoral standards, and the vision of the administrative ministry i.e Ministry of Power.
Presently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while the World Bank Group's International Finance Corporation (IFC) owns a 1.8 per cent shareholding.
The NBFC said in a statement that Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC), for Rs 24,180 crore.
The initial public offering (IPO) of fintech company MobiKwik may hit a significant roadblock with the new rules for P2P lending implemented recently by the Reserve Bank of India (RBI) and these can affect the company's business too.
This has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crores.
Public sector Non-Banking Finance Company (NBFC), REC, on Tuesday registered its highest ever nine-month profit of Rs 10,003 crore.
Comments on the draft circular are invited from NBFCs, HFCs and other stakeholders by February 29, 2024.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday expressed grave concern over the high “concentration” of credit that NBFCs were availing from banks to finance their lending operations and said this has emerged as “a risk” in the system.
It was revealed that the ownership documents as well as particulars of borrowers were false, forged & manipulated. The complainant NBFC company, suffered a huge loss due to this act of cheating and fraud.
