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These expansion costs are unavoidable, whether incurred through marketing or idle expenses. Most of our current burn is due to expansion. Based on our growth trends, we could have covered our expansion costs.

Tesla s CEO Elon Musk has long criticised India for having import tariffs of around 100% on EVs which protect local automakers such as Tata Motors in the world s third largest auto market, where EV adoption is still at a nascent stage.

HSBC, Europe s largest lender by assets, reported an 11% increase in pre-tax profit in its Indian operations to $1.68 billion for the last calendar year, driven by growth in both wholesale and retail banking. The bank, recently approved to expand in India, aims to leverage new local opportunities.

The National Company Law Tribunal has cleared the sale of Chenani Nashri Tunnelway, owned by IL&FS, to Cube Highways for ₹6,000 crore. This deal, the largest under the IL&FS resolution, will address an additional ₹2,500 crore of debt. Final approvals and execution are pending. Recovery for secured lenders may reach up to 115%.

Being a payments bank, Mumbai-based Fino cannot offer credit from its own balance sheet. It needs to work with other lenders as a sourcing partner. The bank is currently undertaking pilots around products such as home loans, gold loans and other micro-credit products for merchants.

The build-up in the stock momentum amid volatile market conditions - the BSE Sensex and the BSE Financial Services index have gained nearly 1% and 3%, respectively during the period - follows the company s post-result commentary assuring a stable trend in credit costs and net interest margin.

FTSE Russell said in October it would include India s sovereign bonds in its Emerging Markets Government Bond Index from September 2025. JP Morgan and Bloomberg Index Services have also announced the inclusion of the country s bonds in their indices, a move that will result in a flood of money into these securities.

Burmans open offer for acquiring an additional 26% stake in Religare Enterprises Ltd. received a weak response, with only 0.07% of shares tendered. Despite the lack of interest, their shareholding will increase to 24.02% after the open offer. The process involved multiple entities and regulatory complaints.

Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges.

Bumble s shares fell 27% on Wednesday after the dating app operator forecast first-quarter revenue below market estimates, as it continues to grapple with a slowdown in the growth of paying users.