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The National Housing Bank is pushing housing finance companies to lower lending rates for customers. However, these companies plan to wait until April for their internal benchmarks to be reset before making significant rate cuts. Some lenders have already made minor reductions. This move aims to pass on reduced borrowing costs to existing borrowers.
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News and Media
Sebi on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE).
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News and Media
Muthoot Microfin reported a sharp Q3 turnaround, with net profit jumping over sixteenfold to Rs 62.4 crore as provisions and credit costs fell. Asset quality improved, margins inched up, while loan growth remained steady amid sector recovery in India markets.
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News and Media
Consumer goods company Marico is expanding its international presence. It has acquired a 75% stake in Vietnamese direct-to-consumer beauty firm Skinetiq. This move strengthens Marico's premium beauty portfolio and D2C strategy abroad. Vietnam is a key market for Marico due to its economic growth and evolving beauty sector. The company also recently acquired Indian plant-based protein brand Cosmix.
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News and Media
Indian stock markets climbed on Monday, mirroring a global market rebound. The Nifty and broader indices traded higher, showing improved global sentiment and steady domestic participation. Experts suggest buying on dips, with Nifty support seen at 25,700 and targets around 26,000 to 26,100. The market shows a positive bias, though short-term volatility is expected due to overbought conditions.
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News and Media
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