Biz body in Indore announces Rs 1.11 lakh fine on sellers of Chinese and Bangladeshi clothes
'Our organisation believes that the business of clothes made in China and Bangladesh is against Indian interests. Therefore, we have decided that if any of our member shopkeepers is found selling clothes made in these countries, they will be fined Rs 1.11 lakh,' Indore Retail Garments Association president Akshay Jain told reporters.
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2 minutes ago
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Identifying state-specific species key to boost India's seafood exports: Minister
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Mint
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DIIs overtake FIIs: 3 penny stocks catching big institutional attention in Q1
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The company plans to ramp up production and sales of 5G Fixed Wireless Access equipment for both domestic and international markets. To diversify its portfolio, HFCL is launching new products, including unlicensed band backhaul radios, switches, routers, and electronic fuses, to cater to next-generation access network demand. In addition, it is building a defence product portfolio, with the goal of generating 10–15% of total revenue from the defence segment by FY27. #2 Tiger Logistics Next on the list is Tiger Logistics India, a leading international logistics company offering freight forwarding, transportation, and customs clearance solutions. Operating on an asset-light model, the company partners with service providers to ensure timely cargo movement across the globe. In the June quarter, both DII and FII shareholding in Tiger Logistics increased, reflecting rising institutional confidence. 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Economic Times
2 minutes ago
- Economic Times
Muthoot Microfin shares in focus as Q1 PAT plummets over 94% YoY
Muthoot Microfin shares are likely to be in focus on Tuesday, August 12, after the company posted a sharp 94.5% year-on-year (YoY) fall in its profit after tax (PAT) to Rs 6.2 crore in Q1FY26, compared to Rs 113.2 crore in the same quarter last year. ADVERTISEMENT The company's Net Interest Income (NII) stood at Rs 342.3 crore in Q1FY26, down 16.8% YoY from Rs 411.5 crore in Q1FY25, with Net Interest Margins (NIMs) at 11.5%. Pre-Provision Operating Profit (PPOP) came in at Rs 138.5 crore, marking a 44.3% YoY decline from Rs 248.6 crore. Total income for the quarter was Rs 559.1 crore, while the cost of funds (CoF) fell to 10.79% from 11.02% in Q4FY25, aided by greater PTC utilisation and diversified funding sources. Provisioning cost stood at 4.3%, with the provision coverage ratio (Stage III) robust at 68.5%. Gross NPA (GNPA) rose to 4.85% from 2.10% a year ago, while Net NPA (NNPA) increased to 1.58% from 0.71% in the same period last company maintained strong liquidity, with Rs 536.5 crore in cash and equivalents, along with DA/PTC sanctions of Rs 1,002 crore and unutilized term funding sanctions of Rs 561 Microfin also reported a healthy capital adequacy ratio (CRAR) of 27.85%. On the operational front, 23% of collections were conducted via digital channels such as UPI and the customer app, while 100% of disbursements were executed digitally. ADVERTISEMENT 'Q1 is traditionally a seasonally soft quarter for the microfinance industry in terms of disbursement growth. The quarter saw a heightened impact driven by ongoing sectoral challenges and the implementation of stricter MFIN guardrails, prompting the industry to shift its focus from aggressive expansion to internal consolidation. Aligned with our long-term strategy of sustainable value creation, Muthoot Microfin adopted a calibrated approach—moderating disbursements and prioritising portfolio quality, while channelling efforts towards strengthening operational infrastructure,' said Sadaf Sayeed, CEO, of Muthoot Microfin. Unlock 500+ Stock Recos on App Muthoot Microfin shares closed flat at Rs 152.95 on the BSE on Monday. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
