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L&T Infotech, Tata Exlsi, ACC, Angel One, BBTC, Tata Steel Long Products, Butterfly Gandhimathi, GTPL Hathway and Shakti Pumps are among the company that will announce their quarterly earning for the quarter ended June 2022.

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The moves put the ECB in a bind. It is expected to raise interest rates next week for the first time since 2011 to combat inflation running at a record high 8.6%. Currency weakness exacerbates that inflation problem. Yet the ECB cannot risk aggressive policy tightening for fear of sending economic growth into reverse.

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Data shows that bank loans to non-bank lenders touched Rs 11 lakh crore in May 2022, having expanded by Rs 1.87 lakh crore in 12 months in absolute terms. This is at a time when mutual funds continued to reduce their exposure to NBFCs. During the same period, mutual fund debt exposure to non-bank lenders dropped 3.4% to Rs 1.5 lakh crore.

MFI loans due for 90 days touch Rs 32,000 crore

Updated at : 2022-07-14 07:20:03

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The high level of sticky loans has shortened the odds on more future write-off by lenders. Write-offs increased to 4.8% at the end of March from 4.4% of the total portfolio three months prior to that, according to the CRIF data, which was released Wednesday.

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Microfinance loans overdue by over 30 days along with restructured loans are estimated to have declined 800 basis points to around 14% as of March 2022, after peaking at approximately 22% in September 2021, rating agency Crisil said. But it remains well above the pre-pandemic levels of 3%, Crisil said in May.

Replacement of European companies in the Russian market by Indian companies is increasing, Vladimir L Pribytkin, the bank’s founder and chairman told ET in an interview over the phone. “That is why the trade share of Indian companies on our market is definitely going to expand each month, if not each week.”

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Musk, who is the chief executive officer at Tesla Inc and heads SpaceX, said on Friday he was terminating the deal because Twitter violated the agreement by failing to respond to requests for information regarding fake or spam accounts on the platform

“The backend technology integration with BSE StAR provides multiple advantages to our retail investors, and as per regulatory requirements, investors need to open a demat account and generate a UCC on our platform. The Demat account will remain free for life for investments in direct mutual funds,” said Paytm Money CEO Varun Sridhar.

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‘The international debt capital markets continue to remain volatile on account of rising interest rates and geopolitical tensions,” said Sameer Gupta, Head India DCM at Deutsche Bank. Adverse market conditions notwithstanding, capital remains available for strong credit and the right structures.”

HDFC to raise up to Rs 5,000 cr this week

Updated at : 2022-07-13 21:25:02

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"The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," HDFC said.

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