News Muncher - category ifci

3 weeks, 2 days ago

Ola Electric Receives Notice From IFCI Over Missed PLI Targets

ABP News

Ola Electric Mobility said on Tuesday that its wholly-owned subsidiary had received a letter from IFCI regarding its failure to meet the targets specified under the Production Linked Incentive Advanced Chemistry Cell scheme. lithium-ion Cells In India Ola Electric Mobility Cell Technologies, a wholly-owned subsidiary of the company, had entered into a programme agreement with the Ministry of Heavy Industries …

Ola Acc Ola Electric Pli Ifci Pli Acc

1 month, 2 weeks ago

IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY

Live Mint

IFCI Q3 Results: Industrial Finance Corporation of India, or IFCI Limited, announced its October to December quarter on Wednesday, February 12. The company's net loss for the third quarter of the financial year 2024-25 jumped 486 per cent to ₹59 crore, compared to a net profit of ₹10.06 crore in the same quarter a year ago, as per the standalone …

Market Cent Ifci Crore Net

1 month, 3 weeks ago

Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 February 2025

Live Mint

Stocks to buy under ₹100: The Indian stock market closed in the green after the indices rebounded on Tuesday despite concerns looming over weak quarterly earnings, foreign capital outflows, and uncertainty surrounding US President Donald Trump's trade policies. The BSE Sensex closed 1.81 per cent higher at 78,583.81 points, compared to 77,186.74 points in the previous stock market session. Stock …

Market Nifty Today Target 100 Buy Stop Loss

Stocks to Watch: Maruti Suzuki, Tata Motors, Bajaj Finance, Adani Power, IFCI, and more

Live Mint

Here’s a quick look at stocks likely to be in focus in today's trade. Bajaj Finance: Bajaj Finance reported a 17 percent YoY growth in its consolidated net profit for the December quarter, reaching ₹4,247 crore, surpassing analyst estimates. Arvind SmartSpaces: Real estate firm Arvind SmartSpaces reported a massive 331 percent YoY increase in net profit, reaching ₹50 crore in …

India Maruti Suzuki Revenue Profit Crore Reported Quarter

4 months ago

Indian government to revamp infrastructure lender IFCI, sources say

Live Mint

By Nikunj Ohri NEW DELHI, Nov 26 - India will revamp operations of non-bank lender IFCI Ltd by shutting its lending operations following capital constraints and converting it into an infrastructure advisory firm, two government sources told Reuters on Tuesday. As per the plan, IFCI will not resume lending, instead expanding the scope of its infrastructure advisory service to include …

India Ifci Revamp Infrastructure

IFCI Q2 Results 2024: Profit Falls by 12.73% Year-on-Year

Live Mint

IFCI Q2 Results 2024:IFCI has announced its Q2 results for 2024 on November 15, revealing a mixed financial performance. In comparison to the previous quarter, IFCI experienced significant growth, with revenue rising by 57.08% and profit soaring by 176.36%. In the stock market, IFCI shares have experienced a decline of 13.62% over the past week, but they have provided a …

Profit Quarter Eps Ifci Q2 Results Growth Q2

4 months, 3 weeks ago

Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 7

Live Mint

Buy or sell stocks: The benchmark indices of the Indian stock market, Sensex and Nifty 50, witnessed their largest single-day gain in over six weeks after Donald Trump declared victory in the US presidential election 2024. Vaishali Parekh's stocks to buy today Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said that the Nifty has shown a strong …

Bank Nifty Today Points Target Buy Stop Loss Parekh

5 months, 1 week ago

Diwali 2024 Stock Picks: Jupiter Wagons, Hindustan Zinc, Tata Tech among 7 stocks to buy for Samvat 2081 by Anand Rathi

Live Mint

Diwali 2024 Stock Picks: Indian stock market benchmark indices, Sensex and Nifty 50, saw a short-covering rally on Friday after witnessing a sharp fall over the past three sessions. The stocks to buy this Diwali 2024 include IFCI, IRB Infrastructure Developers, Jupiter Wagons, Hindustan Zinc, Tata Technologies, Garden Reach Shipbuilders & Engineers and BEML. Here are Anand Rathi’s Diwali Stock …

Loss Tech Diwali Stock Stop Target Range

7 months, 2 weeks ago

IFCI Q1 Results Live : loss falls by 24.64% YOY

Live Mint

IFCI Q1 Results Live : IFCI Q1 Results Live: IFCI declared their Q1 results on 08 Aug, 2024, showcasing a mixed bag of financial performance. The company's topline increased by an impressive 18.45% year-over-year, while the net loss decreased by 24.64% YoY. However, over the last 6 months, the company has provided a positive return of 15.07%, and an impressive …

Yoy Eps Results Live Ifci Ifci Q1 Results Live

9 months ago

Essel Group's Shirpur Gold Refinery, NCLT Initiates Insolvency Proceedings Following ₹92 Crore Default

Live Law

Subhash Chandra-promoted Essel Group's Shirpur Gold Refinery Limited has been admitted for corporate insolvency resolution following an application filed by Prudent ARC at the Mumbai bench of the National Company Law Tribunal. However, the NCLT observed that the account's classification as NPA was a valid date of default for initiating insolvency proceedings. The NCLT referred to the judgment of the …

Insolvency Loan Date Limited Default Insolvency Proceedings Adv

1 year, 6 months ago

NCLT Hyderabad: NCLT Cannot Exercise Inherent Powers To Condone Delay Under Section 42 Of IBC When There Is A Clear Statutory Bar

Live Law

The National Company Law Tribunal, Hyderabad comprising of Justice Smt. The Tribunal held that it cannot exercise its inherent powers to condone delay when there is a clear statutory bar in entertaining an appeal filed beyond the period prescribed under the Code. Contentions of the Liquidator: The Liquidator relied upon the Supreme Court case of National Spot Exchange Ltd. vs. …

Hyderabad Appeal Applicant Case Delay Tribunal Nclt

2 years, 1 month ago

[POSH Act] Institutions Can’t Escape Liability For Dragging On Sensitive Sexual Harassment Complaints: Delhi HC Imposes 1 Lakh Cost

Live Law

The Delhi High Court has observed that institutions cannot escape the liability for dragging on sensitive sexual harassment complaints under Prevention of Sexual Harassment at the Workplace Act and that management and authorities must behave in a responsible manner. Observing that constitution of the Internal Complaint Committee is of utmost importance in such cases, Justice Prathiba M Singh said: “Adjudication …

Court Sexual Harassment Sexual Icc Directed Posh Act Ifci

2 years, 9 months ago

NCLT – All Ongoing Legal Proceedings And Initiation Of Fresh Legal Action In Respect Of Any Debt To Remain Stayed During The Interim Moratorium Period

Live Law

In IFCI Limited v. Manoj Toshniwal, the National Company Law Tribunal, Kolkata Bench stayed the application filed by IFCI Limited under Section 95 of the Insolvency and Bankruptcy Code, 2016 against the personal guarantor of the corporate debtor on the ground that as per Section 96 of the Code, all pending legal action or initiation of fresh legal proceedings against …

Personal Legal Respect Application Order Nclt Proceedings

2 years, 10 months ago

Fresh FIR against Mehul Choksi for defrauding IFCI of Rs 22 crore

India Today

Central Bureau of Investigation has lodged a fresh FIR against fugitive diamond trader Mehul Choksi and his firm Geetanjali Gems for defrauding the Industrial Finance Corporation of India Ltd of Rs 22 crore between 2014 and 2018. READ | Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC “In pursuance to the aforesaid criminal …

Crore Cbi Fir Gems Ifci Mehul Choksi

5 years, 1 month ago

SC Dismisses Rajeev Chandrasekhar's Challenge Against Karnataka HC Order Directing Him To Pay Rs 50 Crore To IFCI Ltd [Read Order]

Live Law

The Supreme Court has dismissed the Special Leave Petition filed by Member of Parliament Rajeev Chandrasekhar challenging the order of the Karnataka High Court directing him to pay Rs 50 crore to IFCI Limited. The Karnataka High Court had, while upholding the order passed by the Debt Recovery Appellate Tribunal, noted that "There is no error or illegality in the …

Company Liability Petitioner Chandrasekhar Undertaking Order Read

5 years, 6 months ago

Altico Cap seeks debt moratorium

Live Mint

Real estate financier Altico Capital India Ltd, which defaulted on an interest payment recently, has sought a moratorium on further repayments from its lenders. Among the lenders, Altico Capital owes the most to IFCI, Yes Bank, State Bank of India, UTI Mutual Fund, and HDFC Bank. In its presentation, Altico said it has prepaid ₹700 crore worth of loans due …

Bank Crore Lenders Nbfc Ifci Its Lenders Altico

5 years, 6 months ago

'If You Want Interim Order, Disclose Your Entire Assets On Oath': Karnataka HC Tells BJP MP Rajeev Chandrasekhar

Live Law

The Karnataka High Court has directed Bharatiya Janata Party,Member of Parliament, Rajeev Chandrasekhar, to disclose on oath entire assets both movable and immovable, possessed by him. A division bench of Chief Justice Abhay Oka and Justice Mohammad Nawaz while issuing rule, on petition filed by Chandrashekhar challenging the order passed by the Debt Recovery Appellate. A division bench of Chief …

Karnataka Court Order Bjp Chandrashekhar Dra Drt

5 years, 7 months ago

NCLT Ahmedabad Admits Insolvency Proceedings Against Anil Ambani Group Company

Live Law

The National Company Law Tribunal bench of Ahmedabad has ordered initiation of insolvency proceedings against 'RMOL Engineering and Offshore Ltd', belonging to Anil Dirubhai Ambani Group. Notably, in view of series of adjournments granted by NCLT Ahmadabad, IFCI was constrained to file an Appeal before the National Company Law Appellate Tribunal Delhi. In appeal, the NCLAT, passed a scathing order …

Ahmedabad Insolvency Company Nclt Nclat Offshore Insolvency Proceedings

5 years, 8 months ago

IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal

Live Mint

New Delhi: The country's oldest public sector financial institution IFCI expects to mobilise ₹1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange, during the current fiscal to fund business growth, a top company official said. "Rao said after SEBI passed its order on the NSE's co-location case, the road is clear for the stake …

Sale Crore Rao Stake Nse Ifci

6 years, 5 months ago

Litigant Can’t Take Contradictory Stands In The Same Case: SC [Read Judgment]

Live Law

“A litigant can take different stands at different times but cannot take contradictory stands in the same case. A party cannot be permitted to approbate and reprobate on the same facts and take inconsistent shifting stands.”The Supreme Court, while dismissing an appeal against Gujarat High Court order, has observed that recitals in the order sheet with regard to what transpired …

Court Order Company Different Stands Secured Creditor

6 years, 6 months ago

NPA cases worth Rs 8,000 cr likely to be resolved during this fiscal: IFCI

India TV News

State-owned IFCI has intensified its recovery process and expects resolution of several NPA cases worth Rs 8,000 crore during the course of the year, a top company official said. Earlier this year, IFCI saw recovery from resolution of various loan default cases, including Bhushan Steel, Monnet Ispat, Oswal Foods, Blue Coast Hotels and Rama Industries. Giving details of the future …

Crore Ifci Npa Cases

6 years, 6 months ago

IDBI Bank moves NCLT against Reliance Naval to recover dues; firm owes over Rs 9,000 cr to two dozen banks

Firstpost

The Anil Ambani promoted Reliance Naval and Engineering Ltd is the first private sector company in India to obtain the license and contract to build warships. New Delhi: IDBI Bank has moved NCLT against Reliance Naval and Engineering Ltd to recover its dues from the company. The company has been informed that IDBI Bank Ltd, a lender of the company, …

Engineering Naval Company Nclt Reliance Idbi Bank Ifci

7 years ago

Secured Creditor Should Mandatorily Consider Debtor's Representation Under S.13 (3A) Of SARFAESI Act: SC [Read Judgment]

Live Law

The Supreme Court held that Section 13 of the SARFAESI Act is mandatory The Supreme Court, on Monday, held that while recovering secured property from Non-Performing Assets, a secured creditor should mandatorily consider the debtor's representation under Section 13, after the initiation of proceedings under Section 13 of the Securitization and Reconstruction of Financial. The Supreme Court, on Monday, held …

Representation Property Court Coast Act Parliament Possession

7 years, 9 months ago

Govt likely to appoint heads of Exim Bank, IFCI, Sidbi, IIFCL next month

Live Mint

New Delhi: The government is likely to appoint heads of four public sector financial institutions—Exim Bank, IFCI, Sidbi and IIFCL—by the middle of next month. Other members of the panel include a Reserve Bank of India deputy governor, former chairperson of Allahabad Bank Shubhalakshmi Panse, IndAsia Chairman Pradip Shah and IIM Indore Director R T Krishnan to select heads of …

Bank Exim Bank Iifcl Ifci Sidbi

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Articles for Ifci

Ola Electric Receives Notice From IFCI Over Missed PLI Targets

IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY

Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 February 2025

Stocks to Watch: Maruti Suzuki, Tata Motors, Bajaj Finance, Adani Power, IFCI, and more

Indian government to revamp infrastructure lender IFCI, sources say

IFCI Q2 Results 2024: Profit Falls by 12.73% Year-on-Year

Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 7

Diwali 2024 Stock Picks: Jupiter Wagons, Hindustan Zinc, Tata Tech among 7 stocks to buy for Samvat 2081 by Anand Rathi

IFCI Q1 Results Live : loss falls by 24.64% YOY

Essel Group's Shirpur Gold Refinery, NCLT Initiates Insolvency Proceedings Following ₹92 Crore Default

NCLT Hyderabad: NCLT Cannot Exercise Inherent Powers To Condone Delay Under Section 42 Of IBC When There Is A Clear Statutory Bar

[POSH Act] Institutions Can’t Escape Liability For Dragging On Sensitive Sexual Harassment Complaints: Delhi HC Imposes 1 Lakh Cost

NCLT – All Ongoing Legal Proceedings And Initiation Of Fresh Legal Action In Respect Of Any Debt To Remain Stayed During The Interim Moratorium Period

Fresh FIR against Mehul Choksi for defrauding IFCI of Rs 22 crore

SC Dismisses Rajeev Chandrasekhar's Challenge Against Karnataka HC Order Directing Him To Pay Rs 50 Crore To IFCI Ltd [Read Order]

Altico Cap seeks debt moratorium

'If You Want Interim Order, Disclose Your Entire Assets On Oath': Karnataka HC Tells BJP MP Rajeev Chandrasekhar

NCLT Ahmedabad Admits Insolvency Proceedings Against Anil Ambani Group Company

IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal

Litigant Can’t Take Contradictory Stands In The Same Case: SC [Read Judgment]

NPA cases worth Rs 8,000 cr likely to be resolved during this fiscal: IFCI

IDBI Bank moves NCLT against Reliance Naval to recover dues; firm owes over Rs 9,000 cr to two dozen banks

Secured Creditor Should Mandatorily Consider Debtor's Representation Under S.13 (3A) Of SARFAESI Act: SC [Read Judgment]

Govt likely to appoint heads of Exim Bank, IFCI, Sidbi, IIFCL next month