Indian markets are currently experiencing significant activity across various sectors. Pharma companies like Glenmark, Dr Reddy’s, and Lupin are making advancements. Credit card spending is expected to rise, potentially benefiting SBI Card. Several companies, including Birla and Raymond, are venturing into real estate. However, real estate demand is currently subdued, and oversupply in MMR might pressure prices in the future.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana