The fund will be utilised for onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of the company and the balance will be used for general corporate purposes
The barometer of stock market , the Bombay Stock Exchange's (BSE) 30 share price index, is nearing 50,000 points. It rose after dipping to 25,638 points in March last year after the outbreak of Covid and the news of subsequent lockdown. The sensex has almost doubled in a year's time. This frenzy in the market is expected to continue because of vaccine roll out globally, normalisation of business operations and the monetary and fiscal support from the government. But what are the big risks that can bring down the market? Nirmal Jain, Founder and Chairman, IIFL Group explains in his conversation with Anand Adhikari, Executive Editor, Business Today.
The scheme is aimed at achieving the government's objective of 'Housing for All'. Despite the COVID-19 induced lockdown, IIFL Home Finance has continued business at a brisk pace and is back to normal as earlier, a company release said