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Essel Finance builds portfolio via buyouts

Mumbai: Zee Entertainment promoter Subhash Chandra’s Essel Finance has been quietly building up a portfolio of businesses across the financial services spectrum through acquisitions. The non-banking finance company (NBFC) recently acquired the loan portfolio of SME financier Intec Capital. Speaking to TOI, Essel Finance MD Amitabh Chaturvedi said that the company will also make an investment in the digital transaction space. Essel Finance had bought out Peerless ... Read More »

Srei Equipment Finance to raise Rs 1,000 cr via NCDs

Industry machinery financier Srei Equipment Finance Ltd plans to raise up to Rs 1,000 crore by floating bonds in a public issue that opens next week. The company will issue unsecured, redeemable non-convertible debentures of face value of Rs 1,000 each amounting to Rs 500 crore with a green shoe option to retain over-subscription. The issue will be open for ... Read More »

No, PM Modi Is Not Offering Free Mobile Recharges Worth Rs. 500 via WhatsApp

No, PM Modi Is Not Offering Free Mobile Recharges Worth Rs. 500 via WhatsApp HIGHLIGHTS A new WhatsApp message claiming to give free recharge has gone viral The message has a link that asks you to divulge personal details We recommend you to not click on this link or share it with friends WhatsApp has been a breeding ground for ... Read More »

HDFC To Raise Rs 1,035 Crore Via Bonds On Private Placement

New Delhi: HDFC on Friday said it will raise Rs 1,035 crore through issuance of debentures on a private placement basis to augment its long-term capital resources. “The object of the issue is to augment long-term resources of the corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the corporation,” it said ... Read More »

Indiabulls Real Estate Raises Rs 25 Crore Via Debentures

New Delhi: Indiabulls Real Estate said on Tuesday that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs). Last month, the Mumbai-based company had announced that it proposed to raise up to Rs 200 crore through issue of NCDs on a private placement basis. So far, the company has raised Rs 131 crore in three tranches. In a filing to the BSE, Indiabulls ... Read More »

Indiabulls actual estate Cuts Debt via sixteen% to Rs 4,617 Crore In FY16

New Delhi: Indiabulls real estate reduced its net debt sixteen in keeping with cent to Rs four,617 croreover the past monetary 12 months, helped by way of a advantageous working cash–go with the flow. In an analyst presentation, the Mumbai-based developer said the organisation accomplished a internetdebt of Rs four,617 crore as of March 31, as in opposition to the ... Read More »

mobile Panic Button wishes to Be subsidized via Emergency Helpline: One contact response

“The panic button in cell handsets, supported with a helpline and a robust on-floor reaction group can revolutionise the safety attitude of all, and particularly of girls in our usa,” stated Arvind Khanna, founder, One contact reaction (OTR), in a announcement. remaining month, the department of telecommunications (DoT) issued a round notifying all cellular phonehandset producers to install a panic ... Read More »

War zone via smartphone: the Syria mobile film festival

Syria film festival screening in Daraa, Syria Photograph: Courtest Syria Mobile Film festival Nadia Sayej Friday 8 April 2016 17.28 BSTLast modified on Saturday 9 April 201610.16 BST Share on Pinterest Share on LinkedIn Share on Google+ Shares 488 Comments 6 Save for later Since 2011, conflict has raged in Syria. And since then, thousands of locals have recorded it on their ... Read More »