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CredRight, which focuses on financial inclusion by providing much-needed institutional debt capital to MSMEs in Tier 3 and 4 towns, will utilise this additional capital to expand further into new locations, strengthen its technology stack and work towards positively impacting the lives of small business owners by helping them access formal finance.

According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals. SoftBank bought Zomato stake in June last year for around Rs 71. For the company, Zomato is just an investment on which the company has made significant profits.

The company that controls over 50% share in the domestic wine market, said its focus on premiumisation has paid off with its elite and premium wines clocking over 35% growth this quarter.

Samir Arora, Founder & Fund Manager of Helios Capital, discusses the unique approach of the mutual fund he is launching. Unlike other funds that make trade-offs between factors, his fund does not compromise because there are plenty of stocks that perform well. The fund aims to have low cost of error and differentiates itself from other funds in terms of philosophy.

As of 30-Jun-2023, promoters held 51.5 per cent stake in the company, while FIIs held 7.56 per cent and domestic institutional investors had 2.2 per cent.

"Zee is an undervalued stock despite the current issues with its promoters but one should stay away until there is greater visibility. The hotel industry, particularly urban consumption, is seeing a revival with corporate customers returning and increased pricing power. Stocks such as Chalet Hotels, Indian Hotels, EIH, and Lemon Tree are expected to continue performing well. "

“There is an overall increase in hiring within the banking sector, because across all private banks, the hiring numbers are really picking up, especially over the last two quarters. Even our pipeline for the next two quarters for the BFSI segment is looking very strong. So, with more opportunities, especially across sales, customer support, credit card recovery, across these profiles, we are seeing more attrition across the segments.”

We have not come across any budget cuts. We have not come across any major cancellations. The only thing which we have come across is slowdowns. And as I said, we kind of live in very paradoxical times.

A total of 23,890 shares changed hands on the counter till time (IST).

The Nifty Pharma index closed 0.03 per cent up at 15125.5.