Tue, Feb 13, 2024 6:26 PM
Trust Fintech Limited files draft papers with NSE Emerge to launch IPO
A Flip by Shubhangi Gupta
IndusInd Bank has announced the sale of its Microfinance Institution (MFI) retail loan pool, which has an outstanding value of ₹1,573 crore. The bank is offering the entire pool on a 100% cash basis, aiming to optimise its balance sheet and improve liquidity. IndusInd Bank shares settled at ₹931.5, down nearly 4% on the NSE on Thursday. In the last one year, the stock has corrected more than 40%.
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Frozen meat exporter HMA Agro Industries Ltd. on Thursday announced that its Board of Directors approved a ₹160 crore credit facility from HDFC Bank. The sanction, which is subject to the terms outlined in the bank’s offer letter dated December 17, 2024, will be available for utilisation once the stipulated conditions are met. The company's stock price fell 1.2% to close at ₹39.56 on Thursday.
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Coming off a high in calendar year 2023, the EV segment saw the pace of sales growth moderating this year. In the electric passenger vehicle segment, the growth was slower still. Total e-car sales were up just 20% this year at 87,687 units versus 73,273 units sold in 2023. Last year, sales had skyrocketed 120% from 33,209 units. The proportion of EVs to total PV sales was at around 2% for 2024.
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