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Summary Over the next three years, the first phase of the growth plan, the NBFC plans to venture into new product segments such as personal loans, gold loans and MSME loans. Mumbai: Fresh capital in hand after a change in ownership, Sammaan Capital, the erstwhile Indiabulls Housing Finance, is looking beyond mortgages to diversify its loan book and build a multi-product non-bank entity, according to managing director and chief executive officer Gagan Banga. "This is growth capital, we have cl ...Read More >
New Delhi: Sammaan Capital is preparing to review a potential debt restructuring move, signaling active balance sheet management amid evolving market conditions. The company has called a meeting of its Securities and Investment Committee on April 7, 2026. The primary agenda is to evaluate and potentially approve a buyback of USD-denominated bonds. This internal review marks the first formal step toward executing the proposed transaction, subject to approvals. The proposed buyback suggests a st ...Read More >
The Supreme Court on Wednesday (Nov 19) questioned the "friendly approach" adopted by the CBI and the Ministry of Corporate Affairs (MCA) in probing allegations against Indiabulls Housing Finance Ltd (IHFL). A Bench of the top court said it was particularly concerned about SEBI's reluctance to investigate the matter, calling it "double standards". The court noted that it was now "giving SEBI the jurisdiction to probe" if the regulator believed it did not already possess the mandate to do so. P ...Read More >
Mumbai Metro Rail Corporation (MMRC) has introduced WhatsApp-based ticketing for its Aqua Line (Metro Line 3). Commuters can now generate QR tickets instantly by sending 'Hi' to a designated number or scanning station QR codes. This initiative aims to provide seamless, efficient, and sustainable travel, eliminating paper tickets and supporting multiple payment options. The Mumbai Metro Rail Corporation (MMRC) has launched Whatsapp-based ticketing for commuters of Metro Line 3, also known as Aqu ...Read More >
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