Latest news with #AbhijitLeleMumbai
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Business Standard
03-07-2025
- Business
- Business Standard
Infomerics Valuation and Ratings eyes strategic investor to grow biz
While organic growth remains the focus, Infomerics would also scout for acquisition in analytics and technical support space Abhijit Lele Mumbai Listen to This Article Infomerics Valuation and Rating, a Delhi-based Reserve Bank of India (RBI)-accredited credit-rating agency, plans to rope in a strategic investor to enhance domain knowledge, and bring in technical expertise and systems to scale up business. Shubham Jain, group chief executive officer (CEO), Infomerics, told Business Standard: 'We are not looking at a financial investor. So, not a private equity (PE), or any such person. It has to be a strategic investor, because we need more domain expertise and technical assistance in terms of further strengthening methodologies, governance practices, and overall processes.' Infomerics is a cash-flow-positive company, which is sitting on
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Business Standard
01-07-2025
- Business
- Business Standard
MF funding to NBFCs hits record Rs 2.77 trillion in May 2025: CareEdge
Mutual fund exposure to NBFCs rose 32.5% YoY to record Rs 2.77 trillion in May 2025, driven by CPs and corporate debt, while bank credit to NBFCs fell 0.3% Abhijit Lele Mumbai Listen to This Article Mutual fund (MF) debt exposure to non-banking financial companies (NBFCs) reached a record high of Rs 2.77 trillion in May 2025, marking a 32.5 per cent year-on-year (YoY) increase. This contrasts with bank funding to NBFCs, which shrank by 0.3 per cent YoY to Rs 15.62 trillion in May 2025, according to CareEdge Ratings. Debt funding from mutual funds—including commercial papers (CPs) and corporate debt—has remained above the Rs 2 trillion mark for 14 consecutive months. The previous high was Rs 2.69 trillion in April 2025 and Rs 2.64 trillion in July 2018, data from the ratings agency showed.
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Business Standard
30-06-2025
- Business
- Business Standard
SBI plans to solarise 4 million homes by FY27, marks 70 years of service
As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions Abhijit Lele Mumbai Listen to This Article The country's largest lender, State Bank of India (SBI), plans to solarise four million homes by FY2027 to play a lead role in the renewable energy transition and in advancing the country's Net Zero 2070 goals. SBI, in a statement today, said the lender marks 70 years of service to India. With a ₹66 trillion balance sheet and over 520 million customers, SBI enters its eighth decade focused on sustainability, digital innovation, and inclusive growth. Since its inception in 1955, it has evolved from supporting India's early development goals into a driving force of its digital and green
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Business Standard
26-06-2025
- Business
- Business Standard
High input costs weighed on profit margins in FY25, says RBI study
The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25 Abhijit Lele Mumbai Listen to This Article The operating profit margin (OPM) of Indian private corporations across manufacturing and services sectors moderated in the financial year ended March 2025 (FY25) amid high input costs, showed a Reserve Bank of India (RBI) study released on Thursday. The pace of listed non-government non-financial (NGNF) companies' operating profit growth was also impacted in the past year. Manufacturing firms' OPM moderated by 20 basis points (bps) to 14.2 per cent in FY25 from 14.4 per cent the previous year. The decline was sharper for companies in the information technology (IT) services sector, with their margins reducing 80 bps to 21.9 per
