Our steady growth can be attributed to our franchise business model, says CMD,Kamdhenu
JSW Steel Secures $900 Million Loan
JSW Steel, a leading player in the steel industry, has successfully secured a substantial loan of $900 million from eight prominent foreign banks. This financial boost underscores JSW Steel's strategic approach to strengthening its position in the market and furthering its growth trajectory. The loan, obtained from esteemed international financial institutions, reflects the confidence of the global financial community in JSW Steel's operations and future prospects.
JSW Steel's decision to raise this significant capital will likely fuel its expansion plans, enabling the company to inves..
Ascometal Ends Talks, Seeks Court Protection
Swiss Steel Group's French subsidiary, Ascometal, announced on Wednesday the termination of exclusive talks with Italian steelmaker Acciaiere Venete regarding the sale of several of its sites in France, marking a setback in the company's efforts to restructure its operations.
The decision comes after negotiations initiated in December failed to culminate in a sale agreement, prompting Ascometal's management to pivot towards seeking court protection for the assets earmarked for sale. This move aims to provide additional time to explore alternative options for divestment.
Ascomet..
JSW Steel Seeks Rs.750 Million
JSW Steel, led by the visionary Sajjan Jindal, is making waves in the steel sector by actively exploring financial opportunities. The company's recent engagement with banks for a Rs.750 million loan underscores its commitment to fortify its financial structure and pursue expansion initiatives.
The steel giant's decision to seek a substantial loan aligns with its strategic vision for sustained growth and market dominance. With a proven track record of innovation and efficiency, JSW Steel stands as a formidable player in the industry. The proposed loan will likely be channelled towar..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rs.50 Mn Budget No Guarantee for Luxury Housing in NCR
Despite a budget of ?50 million , luxury housing in the National Capital Region (NCR) may not be easily attainable as prices continue to soar to new highs. The real estate market in the NCR region is witnessing unprecedented price escalations, making luxury accommodations increasingly out of reach for many prospective buyers.
The surge in prices is attributed to various factors, including increasing land costs, construction expenses, and high demand for premium properties in prime locations. Developers are capitalising on the growing demand for luxury housing, leading to a significant u..