Fri, Sep 20, 2024 12:36 PM
Why banking stocks will continue to struggle even if RBI follows Fed's path
A Flip by Shubhangi Gupta
Tata Motors has signed an MoU with ESAF Small Finance Bank. The collaboration aims to offer appealing financing solutions to Tata Motors’ commercial vehicle customers. The partnership news was disclosed by the company on Friday afternoon. Initially, the collaboration will focus on small commercial vehicles and LCVs, with plans to expand to Tata Motors’ entire commercial vehicle portfolio.
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Renewable energy solutions provider Suzlon Energy Ltd has been excluded from the Stage 1 ASM framework, CNBC-TV18 Awaaz reported. Earlier, Suzlon's stock was placed under this regulatory mechanism by the stock exchange. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and PE ratio.
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Education loans-focused fintech startup GrayQuest is set to raise Rs 53 crore ($6 million) in a Series B round co-led by Pravega Fund and IIFL Fintech Fund. The board of GrayQuest has passed a resolution to offer and issue 6,228 fully paid up and 1,530 partly paid up Series B preference shares at an issue price of Rs 69,062 each to raise Rs 53.57 crore.
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