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From an average default rate in collection efficiency at 2-3 per cent in pre-Covid times, non-banking finance companies (NBFCs) are now seeing 6-8 per cent of borrowers missing their payment schedules during the second wave of the pandemic.
Trump's media company raises going-concern doubts; shares tumbleThe company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a fili… Read MoreGodrej Agrovet buys 7.37 lakh shares in GCGPL for Rs 25 croreGodrej Agrovet invests Rs 25 crore in Godrej Cattle Genetics through rights issue, acquiring 7.37 lakh shares. The subsidiary focuses on agri-business, dairy farming, high-breed cattle, and cattle embryo, remaining wholly-own… Read MorePTC India gets shareholders' nod to divest 100% stake in energy armIn October, PTC India announced that the upstream firm ONGC had emerged as the successful bidder for acquiring 100 per cent stake in PTC Energy for an enterprise value of Rs 2,021 crore.
from Stocks-Markets-Economic Times ht… Read MoreOlympus Capital Asia divests 9.8% stake in Aster DM Healthcare for Rs 1,978 crAccording to the bulk deal data available with the BSE, more than 4.42 crore equity shares of Aster DM Healthcare were sold by Olympus Capital Asia Investments and 45.59 lakh shares by Olympus ACF Pte Ltd of the company. In a… Read MoreExecutive chairperson Rashmi Saluja sells over 20 lakh shares of Religare EnterprisesAs per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja’s holding in REL is reduced to 0.81% from 1.… Read More
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