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The Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan recovery methods. This move has caused anxiety among lenders in the state, potentially affecting regular recovery processes and asset quality.

The parent ITC will continue to provide the business with its brand name, governance, and other synergies, while its own return profile is expected to improve as the hotel business is more capital intensive, said analysts.

It expects corporate earnings to remain strong over the long run, supported by a robust growth backdrop, with policy interest rates likely settling around 5%, down from the current 6.5%. Paul said consumption-related sectors, IT services, real estate and select industrials will benefit from the government incentives to boost onshore manufacturing.

The Bank Nifty index rose 1.7% Monday while the benchmark Nifty 50 ended 0.6% higher, after rising as much as 1.5% earlier in the day.

The entities that sponsored it, CIC Digital and Fight Fight Fight, earn fees from the so-called liquidity they send to the platform to support trading of the memecoin, Tarun Chitra, CEO of Gauntlet, said in an interview.

​​When an index falls more than 20% from its 52-week high, it is considered to be in a bear market. The Sensex and Nifty are down nearly 13% from their highs.

The dollar index strengthened to 107.87 on Tuesday, after it had fallen to 106.96 the previous day, hurt by the selloff in US technology stocks.

Private sector CSB Bank has reported net profit of Rs 152 crore for the third quarter, as against Rs 150 crore in the year ago period while it faced pressure on margin due to higher cost of funds.

Home First Finance is planning to raise Rs 1250 crore by selling shares to institutional investors to grow its loan portfolio and asset base, the company announced Tuesday.

Chennai-based TVS Motor Company Tuesday reported a 4.2% year-on-year increase in standalone net profit for the December quarter at Rs 618 crore, driven by better volumes and operational efficiency.