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Mufin Green Finance has entered an agreement to lease 100 Tata Tigor cars to Snap-E Cabs for 5 years. Once the lease term concludes, Snap-E Cabs will have an option to purchase the vehicles. This addition takes the fleet count from 400 to 500 cabs in the city.
Wipro: Kannan has been part of various government and other regulatory committees. He was appointed as the Reserve Bank of India advisor to resolve the troubled lender DHFL in 2019. He is also a member of the corporate bonds and securitization advisory committee of the stock market regulator Securities and Exchange Board of India (SEBI).
Education-focussed non-banking finance company Auxilo Finserve Pvt. Ltd has raised Rs 470 crore (around $57.4 million) as a primary equity capital in its recent funding round.
Maruti Suzuki and Tata Motors are likely to perform well in passenger cars while Bajaj Auto may significantly outperform the domestic 2W industry, say analysts.
Credit card spends were in the range of Rs 1.1-1.2 lakh crore throughout FY23, but reached an all-time high of Rs 1.4 lakh crore in May this year, according to the RBI data.