Thu, Sep 19, 2024 12:07 PM
Buy Karur Vysya Bank; target of Rs 270: ICICI Securities
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India's largest private lender HDFC Bank hopes to complete a planned sale of loans worth more than Rs 9,000 crore ($1.08 billion) – its largest to date – by the end of September, three sources aware of the matter said on Thursday. The sources requested anonymity as they are not authorised to speak to media. HDFC Bank did not immediately reply to a Reuters query.
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Sandur Manganese and Iron Ores Ltd on Thursday (September 19) said it has received the consent for operation from the Karnataka State Pollution Control Board (KSPCB) to increase its manganese ore production capacity. The approval, granted under the Air and Water Act, allows the company to enhance production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA at its mining lease.
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Religare Enterprises, which is currently a takeover target for the Burman family of FMCG firm Dabur, announced that it has successfully cleared ₹163.75 crore in debt owed to JM Financial Products and JM Financial Credit Solutions. "Upon such re-payment, the company has now become an external debt-free entity," the financial services company stated in an exchange filing on September 19, 2024.
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