Asset reconstruction companies are hiring specialised collection agencies to recover unsecured retail loans as stress in this segment increases. ARCs are prompted by the need to use external infrastructure and banking guidelines. A push towards professionalisation in loan recovery is underway.
Tesla shares jump 4% as investors discount EV maker’s lower than estimated Q2 deliveries
Tesla shares saw an increase despite lower-than-expected deliveries. Nearly 12 crore shares changed hands. This happened amid tensions between Elon Musk and US President Donald