Page 2 - Ifci

Stocks to watch: Anupam Rasayan, Rail Vikas Nigam, Hero MotoCorp, RIL, IFCI

Tata Group's holding in Tata Communications has increased to 58.87 per cent after the government sold stake to Tata Sons' unit Panatone Finvest

Infrastructure term lender IFCI posts net loss of Rs 718 cr in Q3

Infrastructure term lender IFCI Ltd on Friday reported a consolidated net loss of Rs 717.99 crore for the third quarter ended December as expenses ballooned amid a drop in income

Govt evaluating options to sell two subsidiaries of IFCI in revival bid

Not keen on infusing funds into NBFC, to unlock value created by subsidiaries

IFCI hits 52-week high on heavy volumes; stock rallies 73% in six days

The company expects improvement in the asset portfolio quality as well as cash flow of the company, due to various strategic initiatives including measures for recovery were initiated during FY20

BBB recommends S Ramann for post of SIDBI chairman & managing director

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Saturday recommended S Ramann and Shivendra Tomar for the posts of CMD and MD of SIDBI and IFCI, respectively. The members of the Banks Board Bureau interviewed 20 candidates on December 4 and 5, 2020 for the vacancy of chairman and managing director (CMD) of Small Industries Development Bank of India (SIDBI), the BBB said in a statement. "Keeping in view their performance in the interview and their overall experience, the bureau recommends S Ramann for the position of chairman and managing director in SIDBI," it said. Ramann, 1991-batch Indian Audit & Accounts Service officer, is currently CEO of National E-Governance Services Limited (NeSL), India's first Information Utility. Besides, the Bureau recommended Shivendra Tomar for the post of MD and CEO of IFCI. Tomar, currently, is managing director of IFCI Venture Capital Funds Ltd, a subsidiary of IFCI. As many as five candidates ..

IFCI's consolidated net loss widens to Rs 584 crore in March quarter

Infrastructure term lender IFCI Ltd reported a widening of its consolidated net loss to Rs 584.19 crore for the quarter ended March 2020

IFCI aims to raise up to Rs 2,000 cr by selling non-core assets this fiscal

The fund infusion will help shore up IFCI's capital and enhance operations

IFCI plans to sell its remaining stake in National Stock Exchange

IFCI has sold its stake through various tranches over the past three years

CARE downgrades ratings for IFCI's subordinated bonds

Net losses, under capitalization are cause for worry

IFCI surges 6% on receiving Rs 4.9 billion for Binani Cement resolution

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement after the NCLAT approved its revised Rs 79.50 billion bid over an offer by rival Dalmia Bharat.

Need one-month extension for approval of second quarter results: IFCI

IFCI said the company is required to comply with the Indian Accounting Standards (Ind-AS) in preparation of the financial statements with effect from April 1, 2018

IFCI records Q1 loss at Rs 3.4 billion, expenses surge to Rs 11.91 billion

Total expenses of IFCI in the June quarter rose to Rs 11.91 billion

IFCI plans to offload 1.21 million shares in NSE, invites merchant bankers

The financer has been selling assets in order to improve its balance sheet

IFCI recovers Rs 2.8 bn from Bhushan Steel, allotted over 579,000 shares

Further, as part of the RP, IFCI said it has also been allotted 5,79,277 fully paid up equity shares of BSL having face value of Rs 2 per share

IFCI plans to dilute stake in NSE, CCIL to raise funds for its operations

IFCI plans to sell a part stake, depending on the price that investors offers

IFCI to expand loan book by Rs 60 billion next year with focus on financing

We are refinancing infrastructure projects that are up and running to minimise risks, said IFCI

IFCI Q3 net loss widens to Rs 1.77 billion on higher bad loan provisioning

Infrastructure lender IFCI Ltd's net loss ballooned to Rs 177 crore in the December quarter of the current fiscal as bad loans shot up, requiring higher provisioning. The company's net loss in the October-December period of last fiscal, 2016-17, was about a fourth at Rs 45.17 crore. As slippages increased, the provisioning against bad and doubtful assets as well as write offs nearly trebled to Rs 411.49 crore during the third quarter of 2017-18, up from Rs 139.87 crore a year ago. IFCI MD and CEO Emandi Sankara Rao said: "Efforts are being made for recovery from stressed assets and non- performing assets (NPAs). "Divestment from strategic and project investments is likely to yield results in the near future. The entire financial sector is under stress due to the burden of NPA, significantly in the infrastructure and iron & steel sectors." He told reporters that IFCI is no exception to this and large amount of slippage in standard assets to non-standard assets in ...

IFCI sells 24% stake in Tourism Finance Corporation of India for Rs 290 cr

The stock of IFCI closed 0.44 per cent up at Rs 23 on BSE

IFCI Q4 loss widens to Rs 318 cr

Company had posted a loss of Rs 101 crore in corresponding January-March period

ICRA downgrades ratings for IFCI's bonds on sharp dip in asset quality

State-owned lender may need additional capital infusion