Multiple companies are in focus due to news developments. IndoStar Capital Finance raises funds. CMS Info Systems promoter sells stake. Salasar Techno, SJVN, Capital SFB, GE TD India, Aether Industries are also in the news.
In a fervent market rally, the Indian markets reached new peaks, propelled by the performance of IT giants. The IT sector, showing early signs of recovery, particularly in the Banking, Financial Services, and Insurance (BFSI) segment, has significantly influenced market sentiments. The belief in an improved outlook for BFSI in FY24-25 was a key driver behind the soaring performance of IT heavyweights on Friday.
On Monday, 1855 stocks advanced, 2133 declined and 96 remained unchanged, with an advance decline ratio of 0.86 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Stock Market Live Updates: Sensex and Nifty trade weak despite positive undercurrent; Coal India gain over 1% thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Indostar Capital Finance: Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.
The recovery rate is considered good given that these loans were overdue by around 60 days. "The recovery was good as the loan accounts were tagged in stage 2 and chances of recovery are strong," said a source. Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.
The Digital Fifth has curated a list of India’s Top 30 Open Banking Influencers from across the Open Banking and BFSI sector to call out a few of these individuals and give them the honor they deserve.
Get latest articles and stories on Business at LatestLY. Chennai headquartered Shrinithi Capital Pvt. Ltd. primarily focussing into commercial vehicle and two-wheeler loans has raised Rs. 300 crore as co- lending facility from IndoStar Capital Finance Ltd. Business News | Shrinithi Capital Pvt. Ltd., an Emerging Chennai Based NBFC Bags 300 Crores Co-lending Facility from IndoStar Capital Finance Ltd..