PNB Housing Finance Targets 17% Growth in FY25

PNB Housing Finance's Q4 FY24 Net Profit Rises 57.28%

PNB Housing Finance has reported a notable 57.28% increase in its net profit for the fourth quarter of fiscal year 2024. This substantial financial growth underscores the company's resilience and strategic initiatives amidst evolving market conditions in the housing finance sector.

The surge in net profit reflects PNB Housing Finance's effective business strategies, including prudent financial management and a focus on expanding its loan portfolio. Despite challenges in the housing finance sector, the company has demonstrated its ability to generate robust returns and maintain investor ..

PNB Housing Finance targets 60 new Roshni branches by FY24 closure

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160.

The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Roshni branches in Tamil Nadu, and the company aims to elevate this number to 22 by the conclusion of the current financial year.

Girish Kousgi, the Managing Director and CEO of the company, stated that the establishment of the first-..

PNB Housing Finance Expands Affordable Housing

PNB Housing Finance, India's third-largest housing finance company, is on a mission to boost its affordable housing outreach. The company is planning to increase its affordable housing branches to 160 by the end of the fiscal year. Additionally, they aim for a 33% rise in disbursements within this segment, targeting Rs 10 billion for the current quarter, up from the Rs 7.50 billion disbursed in the previous July to September quarter.

In a significant move, PNB Housing Finance recently inaugurated its first all-women branch in Tambaram, Tamil Nadu. This milestone marks the company's 100..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..