KKR, Indium, Leapfrog to pump Rs 500cr in Magma via Pref Issue

Last Updated: Monday, March 30, 2015, 14:08

Indium, an investment vehicle advised by India Value Fund Advisors, will be investing Rs 220 crore, while emerging market investor Leapfrog Investments will infuse Rs 200 crore, the Kolkata-based lender said in a statement.

Volcanoes set their own rules for eruption

Last Updated: Monday, January 6, 2014, 15:22

In ground breaking work, researchers have unearthed why small and giant volcanoes have different frequency and magnitude while erupting.

Risk of supervolcano eruption `to wipe out civilization` far likelier than believed

Last Updated: Monday, January 6, 2014, 11:36

Researchers have suggested that the risk of eruption of a "supervolcano", hundreds times more powerful than conventional volcanoes -have potential to wipe out civilization - is more likely than believed earlier.

Magma beneath Yellowstone Park much bigger than thought

Last Updated: Wednesday, December 18, 2013, 17:21

The molten rock that lies beneath the Yellowstone National Park is much larger than previously thought, according to a new study.

Scientists unlock the mystery of Earth`s formation

Last Updated: Thursday, November 7, 2013, 20:40

New insights gleaned from volcanic rock have helped scientists unlock the mystery of how our planet evolved 4.5 billion years ago.

Molten magma can survive in Earth`s upper crust for hundreds of millennia

Last Updated: Monday, August 26, 2013, 13:54

Silica-rich magma reservoirs can persist in Earth`s upper crust for hundreds of thousands of years without causing an eruption, according to a new research.

Screaming volcanoes` secret explained

Last Updated: Monday, July 15, 2013, 10:58

Swarms of small earthquakes sometimes precede a volcanic eruption at such rapid succession that they create a signal called harmonic tremor, which resembles sounds made by various musical instruments.

Magma Fincorp sees 30% loan growth, NIM improvement in FY14

Last Updated: Thursday, May 9, 2013, 17:28

The company had reported a NIM of 4.91 percent in the last fiscal compared to 3.40 percent a year earlier.

Mercury may have harbored `vast magma ocean` 4.5 bn years ago

Last Updated: Friday, February 22, 2013, 09:56

Scientists at MIT have proposed that the planet may have harbored a large, roiling ocean of magma very early in its history.

Magma completes acquisition of GE Money Housing Finance

Last Updated: Wednesday, February 13, 2013, 21:30

Leading NBFC Magma Fincorp today announced that it completed the acquisition process of GE Money Housing Finance which has an outstanding loan portfolio of Rs 1,320 crore.