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Tata Finance posts a profit growth of 1,100%!

Apr 28, 2000

Tata Finance Ltd. (TFL) reported a loss of 17% in its operational income to Rs 1,119 m in 3QFY00 over the corresponding previous quarter.

Tata Finance on its way to universal banking

Mar 29, 2000

Tata Finance is all set emerge as a universal bank in future. It has recently announced its decision to set up its housing finance subsidiary "Tata Home Finance" by the first week of May. It also has plans of opening a credit card subsidiary in due course of time.

Foreign NBFCs allowed to go in for IPOs

Mar 28, 2000

The finance ministry has relaxed the guidelines for foreign NBFCs (non-banking finance companies). As per the new guidelines, the foreign NBFCs who are operating now have been given three years to bring in their domestic partners. Hence this gives the foreign company three years to decide on a domestic partner. Earlier the foreign NBFCs were facing a problem as they were unable to find domestic partners.

Apple Finance net down 18%

Feb 2, 2000

Apple Finance Ltd has reported a net profit of Rs 55.5 m for the 3QFY2000, which is a fall of 18% YoY. Its income from operations fell by 35% and other income by 50%. This is despite a fall in expenditure, interest and depreciation costs

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