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HDFC Sells 10% Stake In HCAL To Abu Dhabi Investment Authority For Rs 184 Crore
The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore.
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3 Arrested In Delhi For Cheating Mortgage Firms For Rs 10 Crore: Police
Rishi Arora, Umesh Azad and Manoj Dwivedi cheated the complainant companies by selling the properties already mortgaged with a bank and duping them of over Rs 10 crore, police said, adding further investigation is on.
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Karnataka Woman Sells "Mangalsutra" To Buy TV For Kids' Education
A woman in Gadag district of Karnataka mortgaged her "mangalsutra" (sacred wedding thread) to buy a television set for her children following the Karnataka government's decision to continue the classes through TV amid the COVID-19 pandemic.
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"Hunger Will Kill Us": Bhopal Woman Mortgages Mangalsutra To Feed Family Amid Lockdown
With no money, a woman who used to sell "prasad" outside a temple in Bhopal claims she was forced to mortgage her mangalsutra in order to feed her family amid the coronavirus lockdown.
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When The American Dream Became A Mortgage Nightmare
A decade ago, as the financial crisis raged in the United States, Jesus Rodriguez told his kids a fib: he was selling the family furniture because they were moving to Disney World.
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HDFC To Raise $1.75 Billion From Investors Including GIC, KKR
A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at Rs1,726 a piece to the investors, according to a stock exchange filing.
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India's $1.3 Trillion Housing Bonanza Draws Piramal Loan Bet
Indian billionaire Ajay Piramal wants to sell mortgages and build affordable homes as the drugs-to-data conglomerate seeks to ride an estimated $1.3 trillion housing-investment boom.
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Buy Pharma, NBFCs, Sell IT Shares: Gautam Chhaochharia
In the non-banking financials space, mortgage finance companies and transport focused finance companies are his preferred picks.
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Sahara May Mortgage Iconic Hotels to Raise $1.7 Billion Bail for Jailed Chairman
Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion, or Rs 10,000 crore, in bail money for its jailed chairman, a senior company executive told Reuters.
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DFL Infra restricted by RBI to conduct business
In a regulatory filing to the BSE, the company today said that it be won't be allowed to sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission from RBI.
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Wells Fargo sells servicing rights on $39 billion in mortgages
In another sign of the banking industry's retreat from the mortgage market, Wells Fargo is selling servicing rights on $39 billion of home loans to a nonbanking firm.
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JPMorgan says 'mea culpa' in $13 billion settlement with US
JPMorgan Chase & Co said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay $13 billion to settle related charges with the U.S. government, federal officials said on Tuesday.
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Man duped of Rs 50 lakh by couple
A man has been booked for allegedly duping a person of over Rs 50 lakh on the pretext of selling him a property in Delhi, police said today.
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Manulife, HDFC Life among likely bidders for HSBC India insurance arm
HSBC plc, Europe's biggest bank, is selling its 26 per cent stake in a life insurance joint venture with two Indian state-run banks, as it sheds noncore businesses globally.
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ICICI Bank to sell 25 kg pledged gold to recover loans
The auction would be conducted across various branches of ICICI Bank across Uttar Pradesh on March 16 for gold jewellery deposited by about 100 customers as collateral for their loans, ICICI Bank said in various public notices today.
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HDFC Sells 10% Stake In HCAL To Abu Dhabi Investment Authority For Rs 184 Crore
The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore.
-
3 Arrested In Delhi For Cheating Mortgage Firms For Rs 10 Crore: Police
Rishi Arora, Umesh Azad and Manoj Dwivedi cheated the complainant companies by selling the properties already mortgaged with a bank and duping them of over Rs 10 crore, police said, adding further investigation is on.
-
Karnataka Woman Sells "Mangalsutra" To Buy TV For Kids' Education
A woman in Gadag district of Karnataka mortgaged her "mangalsutra" (sacred wedding thread) to buy a television set for her children following the Karnataka government's decision to continue the classes through TV amid the COVID-19 pandemic.
-
"Hunger Will Kill Us": Bhopal Woman Mortgages Mangalsutra To Feed Family Amid Lockdown
With no money, a woman who used to sell "prasad" outside a temple in Bhopal claims she was forced to mortgage her mangalsutra in order to feed her family amid the coronavirus lockdown.
-
When The American Dream Became A Mortgage Nightmare
A decade ago, as the financial crisis raged in the United States, Jesus Rodriguez told his kids a fib: he was selling the family furniture because they were moving to Disney World.
-
HDFC To Raise $1.75 Billion From Investors Including GIC, KKR
A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at Rs1,726 a piece to the investors, according to a stock exchange filing.
-
India's $1.3 Trillion Housing Bonanza Draws Piramal Loan Bet
Indian billionaire Ajay Piramal wants to sell mortgages and build affordable homes as the drugs-to-data conglomerate seeks to ride an estimated $1.3 trillion housing-investment boom.
-
Buy Pharma, NBFCs, Sell IT Shares: Gautam Chhaochharia
In the non-banking financials space, mortgage finance companies and transport focused finance companies are his preferred picks.
-
Sahara May Mortgage Iconic Hotels to Raise $1.7 Billion Bail for Jailed Chairman
Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion, or Rs 10,000 crore, in bail money for its jailed chairman, a senior company executive told Reuters.
-
DFL Infra restricted by RBI to conduct business
In a regulatory filing to the BSE, the company today said that it be won't be allowed to sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission from RBI.
-
Wells Fargo sells servicing rights on $39 billion in mortgages
In another sign of the banking industry's retreat from the mortgage market, Wells Fargo is selling servicing rights on $39 billion of home loans to a nonbanking firm.
-
JPMorgan says 'mea culpa' in $13 billion settlement with US
JPMorgan Chase & Co said it routinely overstated the quality of mortgages it was selling to investors, and it agreed to pay $13 billion to settle related charges with the U.S. government, federal officials said on Tuesday.
-
Man duped of Rs 50 lakh by couple
A man has been booked for allegedly duping a person of over Rs 50 lakh on the pretext of selling him a property in Delhi, police said today.
-
Manulife, HDFC Life among likely bidders for HSBC India insurance arm
HSBC plc, Europe's biggest bank, is selling its 26 per cent stake in a life insurance joint venture with two Indian state-run banks, as it sheds noncore businesses globally.
-
ICICI Bank to sell 25 kg pledged gold to recover loans
The auction would be conducted across various branches of ICICI Bank across Uttar Pradesh on March 16 for gold jewellery deposited by about 100 customers as collateral for their loans, ICICI Bank said in various public notices today.
