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Amid surge in MFI defaults, small borrowers binge on debt
The number of borrowers taking loans from three or more lenders was 11 million, or 13% of the total microfinance borrower base of 85 million,
Hindalco arm Novelis raises $750 million via 5-year bonds
Novelis Inc., Hindalco’s overseas arm, raised $750 million through 6.88% five-year bonds. Proceeds will repay $738 million in credit facility debt and support corporate purposes,
TCS Q3 profit up 3.9% quarter-on-quarter, lags estimates
Tata Consultancy Services reported a modest sequential net profit growth of 3.9% to Rs 12,380 crore in Q3FY25 amidst reduced demand in the US and
Kalyan turning too glittery too fast has many booking gains
Since the company’s stock market debut in March 2021, Kalyan shares have soared 780%. Jani said that when companies are in a growth and expansion
IREDA Q3 PAT up 27% YoY backed by higher income
Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for Q3 grew by 26% to Rs 425.4 crore, driven by higher interest income, increased loan
Q3 woes: Cement companies may face earnings downgrades again
Cement producers expect net profit declines in the December quarter, leading to earnings downgrades. Despite a 7-8% increase in sales volumes, revenues will remain flat.