Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.
Microfinance lending dips as uneven monsoon alters the landscape
India’s microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector’s