Nirmal Jain News

GDP may be greater than on inflation, as the government will try to shield vulnerable consumers using policy tools, and in the worst case, growth may possibly be lower by 60-100 basis points,” added Shukla.The failure of talks could impact the stock market's fledgling recovery from its 52-week low, and unsettle the currency and energy markets."This is bad news and puts the recent recovery at risk," said Nirmal Jain, founder of IIFL Group, advising investors to wait rather than rush in to buy a likely dip.The bellwether Nifty had recovered 8.4% from its 52-week low of 22,182.55 on 2 April to Friday's closing of 24050.6. A further recovery toward the pre-war level of 25,178.65 on 27 February, which analysts had expected ahead of the peace talks, looks like a "tough ask," said Rohit Srivastava, founder of analytics firm IndiaCharts.While analysts including Srivastava do not believe the market will test its 52-week low again unless the fighting widens, options traders have baked in a 23,000-25,000 range for the Nifty in April.

assassination of Iran's supreme leader Ayatollah Ali Khamenei, which has raised hopes of a speedy end to the conflict, regime change in Teheran, peace in the region and the stability that markets crave. Iran's state media confirmed that Khamenei died on the first day of military assault by the US and Israel."Markets could actually rally on hopes of stability in the region in the days ahead after the confirmed death of the supreme leader," said Nirmal Jain, founder of IIFL Group.

Subscribe to enjoy similar stories. Mumbai: IIFL Finance Ltd will be conservative in expanding its gold loan book in the next financial year starting 1 April, as founder Nirmal Jain flagged risks to its largest growth driver from evolving regulations after a sharp surge in the prices of the precious metal. “...this risk is real and gold prices can be volatile.

Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the country. The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.

Subscribe to enjoy similar stories. The change of guard in America looms large over India's stock market, with foreign portfolio investors (FPI) raising bearish bets close to record levels a day ahead of Donald Trump's inauguration as the 47th President.

IIFL Finance's microfinance subsidiary IIFL Samasta Finance has garnered Rs 216 crore through its second public bond issue against a Rs 1,000-crore target despite higher interest rates, as investors were likely concerned over the regulatory scrutiny on IIFL Finance's gold loan business. IIFL Samasta Finance is 100% owned by IIFL Finance.

IIFL Securities today announced three senior management appointments to bolster its Wealth management platform / equities broking business. IIFL Securities currently manages $23billion worth of AUM (appx INR 1.9 lac crores). It has appointed career Private Bankers Mr. Raghav Gupta and Mr. Prakash Bulusu as Joint CEOs to manage and grow their HNI & UHNI wealth business and Mr. Amit Srivastava as Senior Managing Partner to run Investments & Product for the firm.Mr.

will win at least 350 Lok Sabha seats in the just-concluded national election, making for a clear majority in Parliament that would allow for policy and fiscal continuity. When the Election Commission of India announces the voting results on 4 June, the markets will be tracking the margin of victory for the NDA, and not wondering about a possible loss, said Nirmal Jain, founder of financial conglomerate IIFL Group. The government that takes charge once the results are officially announced has its task cut out, Jain said.

₹2.11 trillion, was twice the amount markets had anticipated. Taken together with the jump in market cap, the developments could act as a sentiment booster for the market over the long term, according to market experts.The all-India m-cap rose a stupendous ₹77.45 trillion over 118 sessions to Wednesday's closing of ₹416.13 trillion.

IIFL Finance said in a regulatory filing. “We have been long-term investors in the IIFL group of companies and have full trust and confidence in the company's strong management team led by Nirmal Jain and R Venkataraman. We are confident that Nirmal and Venkat will take corrective actions to meet and exceed RBI's compliance standards," said Prem Watsa, Chairman of Fairfax India.

MUMBAI : IIFL Finance Ltd on Tuesday tried to assuage investor concerns, stating there were no governance lapses, after the Reserve Bank of India (RBI) barred the non-banking financial company (NBFC) from offering any loans against gold. On Tuesday morning, shares of IIFL Finance opened 20% lower as investors dumped shares after the banking regulator issued a statement on Monday evening that detailed some lapses. “We wish to make it unequivocally clear that there are no governance or ethical issues," said Nirmal Jain, managing director, in a call with analysts on Tuesday.

Nirmal Jain, Founder of IIFL Group, has praised the transformative impact of the Modi government's decade-long rule, drawing parallels between the current era and the concept of Ram Rajya—a time characterized by peace, prosperity, and swift justice according to Maharshi Valmiki and Mahatma Gandhi. «Modi government’s regime in the last ten years has brought us as close to Ram Rajya as one can imagine in the modern era. Maharshi Valmiki described Ram Rajya as the era of peace and prosperity, bereft of thieves, robbers, diseases and so on.

MUMBAI : Non-bank lender IIFL Finance Wednesday reported a 29% growth in net profit to ₹545 crore for the December quarter on higher loan sales and resultant interest income, cushioning the impact of higher regulatory charges. Overall loan growth jumped 34% to ₹77,444 crore, led by its key products like gold and home loans, which grew 35% and 25% to ₹24,692 crore and ₹25,519 crore, respectively. Microfinance grew higher at 54% to ₹12,090 crore, digital loans soared 96% to ₹3,905 crore, and loans against property jumped 27% to ₹7,862 crore, the company said in a statement.

₹57,313 crore in Indian shares in the month through 21 December, according to depository data. This is the highest inflow in any month since they pumped in ₹62,016 crore in December 2020, the record for any month.

₹14,400 crore in August after a five-month hiatus, according to NSE data. For instance, stand-alone mid-cap schemes of mutual funds attracted flows of ₹10,999.73 and small-cap schemes ₹21,803 crore from March to August. Large-cap schemes witnessed outflows of ₹4,676.95 crore in comparison.

trial court decision to make certain directors and promoters of three brokerage entities as accused in the Rs 5,600 crore National Spot Exchange Scam (NSEL). The Economic Offences Wing (EOW) of the Mumbai police in its plea contended that the Maharashtra Protection of Interest of Depositors (MPID) court’s order was “...arbitrary, erroneous and de hors (without) the principles of criminal law” and should be set aside.

Rationalisation of the long-term capital gains (LTCG) tax, fiscal discipline, and stability of policies in the medium term is expected to drive positive sentiment in the market, said Nirmal Jain, Chairman, IIFL, in an exclusive interview to Moneycontrol.

Discussing the IPOs of startups like Mamaearth, the IIFL Chairman shared that he had a sombre view of such firms due to their vertiginous valuations.