The NBFC on Wednesday announced that its board has approved reappointment of V P Nandakumar as the managing director (MD) & chief executive officer (CEO) of the company with effect from 27 July 2022 upto 31 March 2024.
While the rating agency has reaffirmed the short-term rating at ‘CARE A1+’.
CARE has reaffirmed the long-term rating at ‘CARE AA’, and has revised the Outlook to ‘Stable’ from the existing ‘Credit under watch with developing implications.’
The key equity benchmarks ended with strong gains on Wednesday. The Nifty closed tad below the crucial 16,000 level. Shares across sectors advanced with autos, FMCG, realty and bank stocks leading the charge. As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 616.62 points or 1.16% to 53,750.97. The Nifty 50 index added 178.95 points or 1.13% to 15,989.80. In the […]
Aiwa India intends to invest Rs 160 crore initially
Germanys factory orders unexpectedly expanded in May underpinned by the rise in demand from the non-euro area countries, data from Destatis showed. New orders grew 0.1 percent month-on-month in May, in contrast to the revised 1.8 percent decline in April. On a yearly basis, factory orders declined 3.1 percent, slower than the Aprils 5.3 percent decrease. Foreign orders gained 1.3 percent on month driven by […]
Avenue Supermarts (DMart) rose 3.10% to Rs 3,751.60, extending gains for the third trading session.

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