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Five reasons why Affle 3i shares have seen the biggest single day gain in four years
Affle 3i's CPCU business saw 12 crore converted users in the fourth quarter, taking the total converted users for the full financial year to 45.6 crore.
Gold loans power Small Finance Banks' growth as microfinance asset quality weakens
Small Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. The unsecured microfinance sector continues to face high bad loan ratios. This strategic pivot is happening as regulators encourage diversification. Some larger banks are also growing their microfinance business. This change is crucial for long-term stability and growth.
Ujjivan SFB Q4 profit jumps 238% on strong asset quality; CreditAccess Grameen PAT soars 7-fold
Ujjivan Small Finance Bank reported a 238% rise in Q4 net profit to Rs 282 crore, supported by business growth, improved asset quality and stronger collections. Deposits and assets under management expanded steadily, while the bank approved a Rs 2,000 crore fundraising plan for FY27.
Akasa Air establishes aircraft leasing unit at GIFT City, boosting India's aviation finance hub
Akasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to keep leasing business within India. Akasa joins other Indian carriers in utilizing GIFT City. This development is part of India's effort to build a domestic aviation finance ecosystem. The unit will finance a majority of Akasa's fleet.
Stock Alert: Sonata Software, Bombay Stock Exchange, Dabur India, Lupin, Blue Star, NOCIL - Business Standard
Stock Alert: Sonata Software, Bombay Stock Exchange, Dabur India, Lupin, Blue Star, NOCILBusiness Standard
Five reasons why Sonata Software shares are up 9% on Friday
Sonata’s AI-led pipeline has surged to $335 million, with approximately $13.7 million in AI-specific wins already recorded. Cloud and Data services business is now accounting for 65% of total revenue in FY26, up from 52% in FY24.
India's mid-tier IT firms narrow new business gap with the larger rivals
Coforge, Mphasis and five similar companies saw growth moderate, but their decline in new business in FY26 was slower than that of the country’s six largest software exporters, which include the likes of Tata Consultancy Services (TCS) and Infosys.
KPIT Technologies among 5 F&O stocks with a sharp rise in futures open interest
Five NSE F&O stocks, including KPIT Technologies and Blue Star, saw a sharp rise in futures open interest as of May 7, indicating fresh position build-up. The surge reflects increased trader participation, though one stock marginally falls short of the 10% threshold mentioned in the broader trend.
From 7 paise stocks to Rs 8,000 crore companies: How 18 penny stocks turned into small and midcap multibaggers
Some Indian penny stocks have delivered exceptional returns. At least 18 companies, once trading below Rs 20, have grown to market capitalizations between Rs 3,000 crore and Rs 12,000 crore. This transformation occurred over the last five years. Sectoral tailwinds and improved business fundamentals fueled this growth.
Stock Alert: Greaves Cotton, Bajaj Auto, Meesho, Godrej Consumer Products, Blue Star, Kansai Nerolac Paints - Business Standard
Stock Alert: Greaves Cotton, Bajaj Auto, Meesho, Godrej Consumer Products, Blue Star, Kansai Nerolac PaintsBusiness Standard
Home First Finance profit surges 43% on strong AUM growth
Home First Finance reported a 43% rise in Q4 profit to Rs 150 crore driven by strong business expansion and 25% AUM growth. Operating profit and income also rose sharply, while asset quality remained stable and dividend payout was increased significantly
India's services sector accelerates in April as domestic demand drives growth
The improvement was driven by stronger domestic demand, increased e-commerce activity, and a shift from international to domestic suppliers amid the war in the Middle East, which particularly supported transport services. New business inflows grew at the quickest pace in five months, led by Consumer Services, followed by Transport and Information & Communication.