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"The private credit market is buzzing with excitement after the success of the largest low-grade rupee-denominated debt sale that offered an attractive high yield," said a private credit fund manager. "Now, they are looking for more such high-yield opportunities."

The privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 acres of land close to the technology hub of Bangalore to build its plant.

Total disbursements rose 50% to ₹20,015 crore during the quarter from ₹13,329 crore a year ago led by an identical 32% growth in its vehicle finance and loan against property (LAP) business.

"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.

Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding a better suitor for the troubled borrowing company.

"Such unsafe practices lead to frauds being perpetrated or funds and securities being misappropriated or financial products/services being mis-sold or customers being subjected to unsolicited cross-sell or upsell."

Kushal Pal Singh, the promoter of DLF Limited, along with Mallika Housing Company and Beverly Builders, has divested their shares.

These include US approval for a drug combination for prostate cancer and a needed recommendation on the Abrysvo vaccine from the US Centers for Disease Control and Prevention

A small negative candle was formed with a minor lower shadow. Technically, this pattern signifies a lackluster movement in the market at the hurdle of the down-sloping trend line around 19800 levels