Manappuram Finance surged 17% in a month as Bain Capital’s Rs 4,385 crore investment boosts governance and growth prospects. Analysts upgrade stock, expecting expansion in gold loans, mortgages, and vehicle financing despite competition and asset quality concerns. Regulatory approvals pending.
Exporters seek removal of cap on interest subvention
Indian exporters are calling on the government to lift the cap on interest subvention. They state current support is insufficient to counter rising global trade