High Provisioning Hits IFCI's Profits
Oct 30, 2015
IFCI Says Zero Slippages in Q1
Aug 12, 2015
Press Trust of India | Thursday October 29, 2015
IFCI Ltd on Thursday reported a 5 per cent rise in net profit at Rs 182.61 crore for the fiscal second quarter that ended on September 30, 2015.
Press Trust of India | Wednesday September 16, 2015
Infrastructure lender IFCI has sold 1.5 per cent of its stake in stock exchange NSE for Rs 263.25 crore.
Press Trust of India | Tuesday August 11, 2015
IFCI Ltd on Tuesday reported a 7.5 per cent rise in net profit at Rs 101.54 crore for the fiscal first quarter that ended on June 30, 2015.
Wednesday May 27, 2015
State-owned IFCI on Tuesday reported a 30 per cent decline in net profit at Rs 120 crore for the quarter ended March, 2015, on the back of a huge volume of restructuring of accounts undertaken during the period.
Wednesday April 8, 2015
IFCI has now become a state-owned firm with the government increasing its stake in the infrastructure financing firm to 51.04 per cent.
Press Trust of India | Wednesday February 25, 2015
The board has declared interim dividend of Rs 1 per equity share of Rs 10 each, IFCI said in a statement.
Tuesday February 24, 2015
The Park Hyatt Hotel in Goa is spread over 45 acres of land and has 250 rooms. In FY14, it had an occupancy rate of 75.2 per cent, while its average room rent was Rs 9,610.
Press Trust of India | Monday February 23, 2015
Earlier, in a separate filing, ITC said IFCI Ltd had informed that it has been declared as the highest/successful bidder for Park Hyatt Hotel located at Cansaulim, Goa along with land and built up area of the hotel together with all buildings and structures and plant and machineries.
Sunday February 1, 2015
State-owned IFCI is likely to sell its 2.5 per cent stake in stock exchange NSE in the next 15 days which may fetch the financial institution about Rs 500 crore.
Friday January 30, 2015
The financial institution had a net profit of Rs 142.39 crore in the October-December quarter of the last fiscal.
Monday January 5, 2015
The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.
Tuesday December 30, 2014
The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net sellers of Indian equities on Monday as they have sold stocks worth Rs 204 crore in cash market. However domestic investors were net buyers to the tune of Rs 360 crore on Monday. Sentiment is likely to be positive as cabinet approv...
Monday December 29, 2014
The government on Monday approved raising its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country's oldest financial institution.
Thursday December 25, 2014
The proposed issue would open for subscription on January 1 and close on February 4, 2015.
Wednesday November 12, 2014
IFCI is planning to sell its stake in three companies including National Stock Exchange (NSE).
Tuesday November 11, 2014
IFCI on Tuesday reported a 24 per cent rise in net profit at Rs 173.79 crore for the second quarter ended September 2014, on account of a significant reduction in provisions.
Thursday October 30, 2014
The company has the option to retain the over-subscription up to the shelf limit of Rs 2,000 crore.
Monday October 20, 2014
The NCDs will be offered for three different tenures of 5 years, 7 years and 10 years with varying coupon rates ranging from 9.4 per cent to 9.10 per cent.
Friday October 17, 2014
Currently, the Governments stake in IFCI going by the paid-up capital, including both the equity capital and preference shares, is around 48 per cent which will go above 50 per cent with this exercise, he said.
Wednesday October 15, 2014
Financial institution IFCI Ltd has invoked one lakh shares in Bhushan Steel that were pledged by the debt-ridden company's promoter Neeraj Singal.
Thursday October 9, 2014
State-owned financial institution IFCI on Thursday said it has sold its 1.64 per cent stake in Welspun Syntex Ltd for about Rs 1.6 crore.
Tuesday September 23, 2014
IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India in the ongoing financial year (2014-15).
Wednesday August 13, 2014
State-owned term lender IFCI plans to raise Rs 2,000 crore from bonds during the current fiscal year (2014-15) to fund business expansion.
Tuesday August 12, 2014
After announcing results IFCI Managing Director Malay Mukherjee said the company intends to disinvest its entire stake in IFCI Financial Services Ltd (I-FIN) during the current fiscal.