Ramesh Iyer, MD & VC of M&M Financial, discusses the growth of the loan book and the slower growth in the tractor segment. He expects the rural market to continue performing well and predicts that pre-owned vehicles will see faster growth. Iyer also shares the company s plans to enter the insurance sector through partnerships. He acknowledges the rise in borrowing costs and the need to improve NIMs. The asset quality remains under control, and the company is confident in achieving its growth targets.
The FTSE 100 index closed Thursday down 1% to 7410 points, dragged by oil-exposed stocks and miners while Burberry s poor update also dampened sentiment, IG chief market analyst Chris Beauchamp.
FTSE 100 Closes Down 1% as Oil, Mining Stocks Weigh morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
U GRO Capitals Vice Chairman and Managing Director, Shachindra Nath, has announced that the firm is targeting over INR 25,000 crore ($3.42bn) in the next three to four years, with an immediate goal to reach INR 18,000 crore by 2025. Nath stated that U GRO Capital is on track to meet these goals, with Q3 profits marking the third consecutive quarter of strong performance.
The FTSE 100 closed Tuesday up 0.2% to 7691 points, supported mainly by miners as investors focus on the U.S. Federal Reserve and the ECB meeting later in the week. Miner Antofagasta shares rose.