Latest Stock Market News

A total of 572,276 shares changed hands on the counter till time (IST).

In the past three-and-a-half years, SFBs have delivered robust 42 per cent compound annual growth rate (CAGR) followed by private banks at 13 per cent and foreign banks 8 per cent while loan growth for public sector banks was the lowest at 2 per cent during the same period.

Investors are shying away from debt mutual funds after the turn in the rate cycle caused bonds to lose their price pegs, punching a hole in the rate of return on investments in these instruments that are marked to market.

These include exports from TVS Motor Company and PT TVS, Indonesia. “The one million export mark is a significant milestone for TVS Motor Company. This further underscores our path towards being a global player in personal mobility solutions,” Sudarshan Venu, the Joint Managing Director of TVS Motor said in a statement.

Microfinance lender Spandana Sphoorty Financial faces fresh troubles over fundraising as some minority shareholders get ready to challenge the plan to allot preference shares in favour of private equity firm Kedaara Capital, the principal investor with 45.5% holding.

Pursuant to this transaction, Japan-based Monotaro will hold a 51.6 per cent stake in IB Monotaro while Emtex Engineering, representing the promoter group and early investors, will hold a 22.4 per cent stake in the company.

As per the affidavit submitted in the NCLAT by IL&FS, from October 1, 2018 to November 30, 2021, IFIN has been able to recover funds from over 30 borrowers amounting to ₹2,343 crore. The GNPA of the non-bank lender stands at 99% of its total loan exposure.

The Nasdaq has tumbled almost 19% from its record-high close on Nov. 19, nearing a 20% decline that many investors view as the definition of a bear market.

Tesla’s 50-year-old chief executive officer remains the richest person in the world, according to the Bloomberg Billionaires Index. Still, Musk has seen $71.7 billion wiped out from his fortune so far this.

Gold prices rose on Thursday towards a nine-month high hit earlier this week, as investors sought refuge in safe havens after Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine.