Real Estate Mumbai
Court Approves Auction of Gitanjali Gems' Properties Linked to PNB Fraud
A special court in Mumbai has approved the auction of several properties belonging to Gitanjali Gems, the jewellery company linked to fugitive businessman Mehul Choksi. The assets include residential flats, office premises, and industrial units. The sale proceeds will be held in fixed deposits under the court’s name until the money-laundering case concludes.
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PNB Housing Finance and Adani Green Energy: Key Stocks to Watch in Today's Market
The Indian stock market opened on a positive note, with the Nifty 50 and Sensex both showing gains. PNB Housing Finance and Adani Green Energy are among the key stocks to watch today, as they continue to make headlines with significant developments.
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Q2 Earnings Update: Bata Profit Plummets 73%, PNB Housing Finance NII Soars to ₹804 Crore
The Q2 earnings season is back in full swing, with major companies like Bata and PNB Housing Finance reporting their financial results. Bata's profit has dropped significantly, while PNB Housing Finance has seen a substantial increase in its net interest income.
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PNB Housing Finance Reports 24% Q2 Profit Increase to ₹582 Crore
PNB Housing Finance has announced a 24% increase in its net profit to ₹582 crore for the second quarter ended September 2025, driven by strong performance in the affordable and emerging market segments.
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PNB Housing Finance Approves ₹5,000 Crore NCD Issuance
PNB Housing Finance's board has approved the issuance of non-convertible debentures (NCDs) worth up to ₹5,000 crore. The NCDs will be issued on a private placement basis, with or without a green shoe option, in one or more tranches. Shares of PNB Housing Finance rose 1.27% on the BSE.
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PNB Housing Finance Shares See 78% Upside Potential, Says Goldman Sachs
Despite a recent 30% decline, Goldman Sachs maintains a 'buy' recommendation on PNB Housing Finance, citing an attractive entry point and strong fundamentals.
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PNB Housing Finance Announces Leadership Overhaul as CEO Girish Kousgi Resigns
PNB Housing Finance is undergoing a significant leadership transition, with the appointment of Jatul Anand and Valli Sekar to key roles and the resignation of CEO Girish Kousgi, effective October 28, 2025.
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PNB Housing Shares Plunge Over 11% Following CEO Girish Kousgi's Resignation
PNB Housing Finance shares plummeted over 11% on Friday after the company's CEO, Girish Kousgi, announced his resignation. The market reacted strongly to the news, leading to significant losses for investors.
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Girish Kousgi Resigns as MD and CEO of PNB Housing Finance
Girish Kousgi, the Managing Director and CEO of PNB Housing Finance, has submitted his resignation, effective from October 28, 2025. The board has accepted his resignation, and Kousgi will step down from his roles in the company and its subsidiaries.
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Equity Market Deals in 'Wait & Watch' Mode Amid Indo-Pak Ceasefire
Amid the recent ceasefire announcement between India and Pakistan, equity market deals have entered a 'wait and watch' mode, according to top bankers. This cautious approach is influenced by the geopolitical tensions and their potential impact on the financial markets.
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PNB Housing Finance Surges 5% on Block Trade of 1.73 Crore Shares
PNB Housing Finance's stock jumped 5% following a significant block trade of 1.73 crore shares. The trade only accounted for half of the total deal size, raising questions about the market's response to this transaction.
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Carlyle Group Eyes Lucrative Exit from PNB Housing with Rs 2,600 Crore Deal
The Carlyle Group is gearing up to exit its stake in PNB Housing with a Rs 2,600 crore deal, following a series of phased sales that began in July 2024.
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PNB Housing Finance: Carlyle Group Entity Seeks to Divest 10.44% Stake via Block Deals
PNB Housing Finance's stock has seen a significant 11% increase in 2025, as a Carlyle Group entity prepares to divest 10.44% of its stake through block deals. Read on to understand the implications and market dynamics.
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Investing in PNB Housing Finance, Bajaj Housing Finance, and IREDA: Expert Insights
Market expert Prashanth Tapse of Mehta Partners recommends PNB Housing Finance Ltd and Bajaj Housing Finance Ltd for investments in the housing finance sector, along with insights on Suzlon Energy and IREDA.
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PNB Housing Finance Recommends Final Dividend: A Strategic Move in the Capital Market
PNB Housing Finance, a leading financial institution, announced that its Board of Directors has recommended a final dividend at their meeting held on April 28, 2025. This move is expected to benefit shareholders and align with the company's financial strategies.
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PNB Housing's Net Profit Surges by 25.30% in Q4 FY25
PNB Housing Finance reported a significant 25.30% increase in its net profit to ₹560.20 crore in the fourth quarter of FY25. The company's consolidated total income also grew by 12.28% to ₹2,036.78 crore, marking a robust performance in the housing finance sector.
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Q4 Results 2025: UltraTech CFO Warns of Urban Real Estate Slowdown
UltraTech's CFO has issued a warning about the potential slowdown in urban real estate demand, despite PNB Housing Finance reporting a 28% YoY increase in net profit to Rs 567 crore for Q4 FY25.
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Navigating Market Trends: Insights from SBI Securities on FII Moves and PNB Housing Performance
The stock market has seen a mix of cautious sentiment and strong performances, particularly with PNB Housing. SBI Securities' Sudeep Shah offers insights into Foreign Institutional Investor (FII) moves and the factors driving PNB Housing's recent uptick.
Real Estate
NCLAT Directs PNB to Refund Rs 4.5 Crore to Vegan Colloids Liquidator
The National Company Law Appellate Tribunal (NCLAT) has directed Punjab National Bank (PNB) to refund Rs 4.5 crore to the liquidator of Vegan Colloids Ltd. This ruling underscores the importance of adhering to the Insolvency and Bankruptcy Code (IBC) and protects the interests of creditors and other stakeholders.
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2 Undervalued Stocks Trading Below Industry P/E: A Buying Opportunity?
PNB Housing and MOFSL are currently trading below the industry P/E. Despite PNB Housing's slower AUM growth, its NPA levels have shown improvement. On the other hand, MOFSL is benefiting from favorable market conditions.