Rural Bent (Hidden Gems - 21 May 09)

One of the unsung companies in the financial services sector is Gruh Finance (GFL), set up by HDFC to replicate its home financing business model in semiurban and rural areas. GFL provides long-term finance to individuals for construction, purchase, extension, repair and renovation of homes.

GFL also offers loans for purchase of non-residential properties like office premises and shops. HDFC...

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  • SNAPS - Ispat promoters pledge entire stake with lenders
    Ispat promoters pledge entire stake with lenders
    In a second attempt to secure debt restructuring Ispat Industries Ltd’s promoters Pramod and Vinod Mittal have pledged their entire 41% stake in the company with lenders in an attempt to get rid of huge debt of about Rs80 billion, reports the Economic Times. Pramod and Vinod Mittal are brothers of the world-famous steel magnate LN...
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  • Taxtortion The Nightmare Continues

    Once I decided to get into social service and floated a charitable trust. Nobody had forced me to do it; it was something I wanted to do. I soon realised that I could not handle the workload alone and started thinking about how to get help. Then I had a brilliant idea! I
    approached several retired people and wives of a few friends and coaxed them to help me as volunteers. Then I set about...

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