Bandhan Bank receives claim payout of ₹290 crore under credit guarantee fund for micro units scheme

Bandhan Bank raised the claim to National Credit Guarantee Trustee Company (NCGTC) under the CGFMU scheme.

Bandhan Bank raised the claim to National Credit Guarantee Trustee Company (NCGTC) under the CGFMU scheme.

The management also said that it will be surpassing its financial year 2026 revenue growth guidance of ₹20,000 crore in the current financial year itself.

The management’s outlook on refining and marketing margins, throughput recovery, and crude price impacts will be key to future performance.

Arvind Sanger, Managing Partner at Geosphere Capital Management stated that corrections in stocks like Zomato and Dixon signal India’s market is reaching a better balance between growth and valuations.

The fund raising could be done through a Qualified Institutional Placement (QIP), or through a preferential allotment or by one or more ways of public or private offerings.

India Cements maker recorded a standalone loss of ₹428.84 crore in the quarter ended December 31, 2024, compared to a net loss of ₹16.51 crore in the same period last year.

MobiKwik shares rose 5% from the day’s low to reach an intraday high of ₹460.25. However, the stock erased all of the day’s gains and was trading more than 3% lower at ₹446.50.

For the 2024-2025 season, the government had increased the MSP for raw jute by ₹285 per quintal.

Shares of Tanla Platforms have nearly halved while those of Sterling & Wilson have corrected over 55% from their highs, enroute to their 52-week low.

Persistent Systems was the best performing stock on the Nifty IT index in 2024 with gains of 74%.