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MAYANK PODDAR
Vijay Hazare Trophy 2026: Schedule, live streaming, teams, standings and matches featuring Virat Kohli and Rohit SharmaThe Vijay Hazare Trophy 2025-26 commences on December 24, featuring 32 teams and top Indian cricketers like Virat Kohli and Rohit Sharma. T...
That AC or fridge you were planning to buy just got more expensiveConsumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium,...
Top Leaders and Companies Leading The Change in Their Industries
Tata Motors among 11 stocks with Q1 EPS more than entire FY23 EPS. Big deal?Other stocks in the list include Natco Pharma, The Phoenix Mills, Indian Oil Corporation, Lupin, Kansai Nerolac Paints, The New India Assur...
Aditya Birla MF, Plutus Wealth pick stake in this NBFC stock via block dealAs of March end, the domestic mutual fund held a 1.3% stake in the company.Plutus Wealth Management bought 50,00,000 shares or 0.6% stake f...
Stocks in the news: RIL, JSW Steel, ICICI Bank, Cipla and Bank of BarodaThe pharma firm has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shar...
Stocks in the news: ICICI Bank, Cipla, Adani Wilmar, Delhivery and Canara BankThe global rating agency Moody's Investors Service has upgraded the baseline credit assessments of ICICI Bank and Axis Bank, reflecting imp...
ED imposes ₹80 crore penalty on Magma HDI, 2 former promotersThe Enforcement Directorate (ED) has penalised Magma HDI General Insurance Company and two of its former promoters ₹80 crore for breaching ...
CCI approves Rising Sun Holdings’ acquisition of 60% stake in Magma FincorpAccording to a combination notice filed with the regulator, the transaction involves acquisition of 60 per cent stake by Rising Sun Holding...
Magma Fincorp rises 5% as shareholders approve preferential allotment to Adar Poonawalla-led firmShareholders approved the company's plan to issue preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings and two member...
Magma Fincorp shareholders approve Rs 3,456 cr share issue to promoters, Poonawalla coMagma Fincorp operates in retail finance, SME finance, housing finance and general insurance business. It has been catering for three decad...
Adar Poonawalla-led Rising Sun Holdings notifies CCI of Magma Fincorp DealThe deal which involves the preferential allotment of shares worth Rs 3,206 crore, would give RSHPL a controlling stake in the non-banking ...
Adar Poonawalla group firm makes open offer to buy additional stake in Magma FincorpEarlier this month, the Poonawalla Group and Magma Fincorp announced that the group will acquire a controlling 60 per cent stake in the com...
Magma Fincorp to seek shareholders nod in March for Rs 3,206 cr deal with PoonawallaAn extraordinary general meeting (EOGM) of the members of Magma Fincorp will be held on Tuesday, March 9, 2021.
Adar Poonawalla to own Magma FinCorp via equity infusionThe preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the comp...
Celica Group lines up at least three projects in and around KolkataCelica is also scouting for plots in the central business district of Kolkata, it added. Incidentally, Poddar is co-promoter of NBFC firm M...
Stocks in the news: YES Bank, Adani Enterprises, PNB, Minda Industries and GE PowerNMDC has made an advance royalty payment Rs 200 crore to the Chhattisgarh government.
- Buy Magma Fincorp Ltd. target Rs 183: Nirmal Bang Securities
Nirmal Bang Securities has a buy Magma Fincorp Ltd. at a price target of Rs 183.
Magma Fincorp profit soars 2 per cent, founder Mayank Poddar steps downProfit climbed to Rs 47.6 cr in the three months ended June from Rs 46.5 cr a year earlier. Income from operations was little changed at Rs...
Magma Fincorp net profit up 2 per cent in June quarter in FY 2016-17"The growth in NIM coupled with an increase in fresh business and better management of opex contributed to a 14 % jump in its profit."