Magma Fincorp Ltd

Type: Company
Name: Magma Fincorp Ltd
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Magma Fincorp looking to raise Rs 500 crore

CHENNAI: Kolkata-based non-banking financial company Magma Fincorp is looking to raise Rs 500 crore this fiscal year and to grow its business in Tamil Nadu.The company, which has a presence in semi-urban and rural Tamil Nadu, is looking to grow its business ... [Published Times of India - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Magma Fincorp pegs 30 per cent growth in tractor business

Retail finance player Magma Fincorp has projected over 30 per cent growth for this fiscal taking the total exposure in the tractor segment to 19 per cent from the existing 17 per cent even as sales have remained sluggish due to a weak monsoon."Our tractor ... [Published Business Standard India - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Reliance Mutual Fund picks banks, engineering; sells IT

Reliance Communications, Indian Hotels Company and Federal Bank were the top buys, while TVS Motor Company, Usha Martin and Crompton Greaves were the top sells by the fund.The study of Reliance Mutual Fund for the quarter of April-June 2014 shows that ... [Published Moneycontrol.com - Jul 22 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

Affordable housing to get cheap: Which stocks to buy, sell?

The Reserve Bank of India has eased financing norms for infrastructure and affordable housing sector as it has opened up credit availability. Following the new norms for the sector, home loans for affordable housing projects are likely to get cheaper ... [Published Moneycontrol.com - Jul 16 2014]
First reported Jul 12 2014 - Updated Jul 12 2014 - 1 reports

Consumer forum directs insurance firm to cough up Rs 8.6 Lakh for stolen truck

The Central Mumbai district consumer forum recently ordered the ICICI Lombard general insurance company to pay a Wadala resident Rs 8,51,561 with nine per cent interest from September 2012 as compensation for a stolen truck belonging to her late husband. ... [Published DNA India - Jul 12 2014]
First reported Jul 11 2014 - Updated Jul 11 2014 - 1 reports

MAGMA FINCORP : Hdi general insurance to launch prepaid health card

07/11/2014 | 07:58am US/EasternRecommend:0Magma HDI General Insurance intends to launch a pre-paid health card for payment at out-patient and day-care facilities at hospitals. The company is a 74:26 joint venture between Magma Fincorp and HDI ... [Published 4 Traders - Jul 11 2014]
Entities: Magma Fincorp Ltd
First reported Jul 11 2014 - Updated Jul 11 2014 - 1 reports

FM presented his maiden budget: Magma Fincorp

To ensure greater fund availability and reduce costs for private sector and encourage them to make fresh investments for growth. The FM has done a commendable job within the constraints of fiscal space available to him. He has reiterated the need to reduce ... [Published India Infoline - Jul 11 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Magma may dilute stake in insurance JV from 74% to 51%

Magma Fincorp Ltd may dilute stake in its general insurance joint venture, Magma HDI General Insurance, in favour of Germany-based foreign partner to fuel aggressive growth."HDI is committed to increasing its stake to permitted FDI level in accordance ... [Published Business Standard India - Jul 10 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Magma Fincorp Ltd to consider quarterly results on July 31, 2014

A meeting of the Board of Directors of Magma Fincorp Ltd will be held on July 31, 2014, to approve and take on record the Unaudited Financial Results (Standalone as well as Consolidated) for the quarter ended June 30, 2014.Pursuant to the provisions of ... [Published Equity Bulls - Jul 10 2014]
First reported Jul 09 2014 - Updated Jul 10 2014 - 4 reports

Magma HDI General Insurance to launch prepaid health card

Magma HDI General Insurance is planning to introduce a prepaid card that will facilitate payments at outpatient departments and day-care facilities of hospitals. The card will be used like any other debit or credit card but only in hospitals.According ... [Published Hindu Business Line - Jul 09 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Expect 10-11% disbursal growth in FY15: Magma Fincorp

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show »DHowever, he expects a disbursal growth of 10-11 percent – a bulk of which is likely to come from mortgage, tractor, SME, MUV and the personal car segment.Also Read: RBI's NBFC norms to benefit ... [Published Moneycontrol.com - Jul 03 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Buy Magma Fincorp; target of Rs 198: IIFL

IIFL`s research report on Magma FincorpMagma Fincorp is a mid‐size NBFCs with an AUM of Rs17.9bn at the end of FY14. Over the past two years, company has diversified its loan assets through 1) portfolio re‐balancing ‐ de‐emphasizing CV and CE financing ... [Published Moneycontrol.com - Jul 01 2014]

Quotes

"We will bank on SME loans and Suvidha (used vehicle loans) to drive our numbers in Tamil Nadu other than auto loans which has been our mainstay in the state so far. We would like our business numbers to grow by 25% in the current financial year" Dhrubashish Bhattacharya, vice-president of Magma Fincorp, said
On the company's exposure in commercial vehicle segment, he said, "we are trying to remain flat. We intend it would not grow. We are waiting for the September month. Unlike other sector. We expect this sector will pick up in the festive season."
...25 percent for ticket sizes of upto Rs 50 lakh and cost of funding for developers will also come down. "It is a huge encouragement for the housing sector. It will help more money come into the system" says Keki Mistry, HDFC , CEO
"We are well-capitalised and not looking at partnership with any foreign player in the short term. In the long term, however, Exide Industries intend to induct a new foreign shareholder" Kshitij Jain, managing director and chief executive officer of Exide Life Insurance told dna when asked if the company would now look for a foreign financial...

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Magma Fincorp looking to raise Rs 500 crore [Published Times of India - Jul 23 2014]
Magma Fincorp pegs 30 per cent growth in tracto... [Published Business Standard India - Jul 23 2014]
Reliance Mutual Fund picks banks, engineering; ... [Published Moneycontrol.com - Jul 22 2014]
Affordable housing to get cheap: Which stocks t... [Published Moneycontrol.com - Jul 16 2014]
Exide Life, Magma may not seek FDI despite govt... [Published DNA India - Jul 14 2014]
Consumer forum directs insurance firm to cough ... [Published DNA India - Jul 12 2014]
MAGMA FINCORP : Hdi general insurance to launch... [Published 4 Traders - Jul 11 2014]
FM presented his maiden budget: Magma Fincorp [Published India Infoline - Jul 11 2014]
Magma may dilute stake in insurance JV from 74%... [Published Business Standard India - Jul 10 2014]
Magma Fincorp Ltd to consider quarterly results... [Published Equity Bulls - Jul 10 2014]
Magma HDI General Insurance to launch prepaid h... [Published Hindu Business Line - Jul 09 2014]
Magma HDI aims Rs 600 crore premium collection ... [Published Business Standard India - Jul 09 2014]
Magma HDI plans health insurance biz; to devise... [Published Economic Times - Jul 09 2014]
Magma HDI General Insurance bets on health prod... [Published Hindu Business Line - Jul 09 2014]
Govt to take initiatives to improve financial s... [Published MyIris - Jul 07 2014]
Expect 10-11% disbursal growth in FY15: Magma F... [Published Moneycontrol.com - Jul 03 2014]
Buy Magma Fincorp; target of Rs 198: IIFL [Published Moneycontrol.com - Jul 01 2014]
Avendus PE head Manoj Thakur quits [Published VC Circle - Jun 30 2014]
Avendus PE head Manoj Thakur quits [Published Business Standard India - Jun 30 2014]
NCDs turns preferred route for IFC in debt fina... [Published Business Standard India - Jun 28 2014]
ChrysCapital looks to raise seventh fund next year [Published Livemint.com - Jun 27 2014]
Non-deposit taking NBFCs rally as RBI relaxes r... [Published Economic Times - Jun 25 2014]
Muthoot, SKS Fin, Manappuram up 4-8% on RBI's N... [Published Moneycontrol.com - Jun 25 2014]
NBFCs Rise After RBI Nod For Banking Correspondent [Published NDTV Profit - Jun 25 2014]
Bajaj Auto, Coal India top gainers; Sensex, Nif... [Published Moneycontrol.com - Jun 25 2014]
Prefer LIC Housing Finance, Magma Fincorp: Pram... [Published Moneycontrol.com - Jun 24 2014]
Bet on financials, auto, mining; sell PSU banks... [Published Moneycontrol.com - Jun 24 2014]
33 West Bengal companies figure in Dun & Bradst... [Published Economic Times - Jun 23 2014]
SCMS Cochin Makes Steady Progress as the Placem... [Published EMoneyDaily - Jun 21 2014]
Two city firms in cash chase [Published Calcutta Telegraph - May 11 2014]
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