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Business Standard
13 hours ago
- Business
- Business Standard
Microfinance: Indicators show cautious lending, continuing stress in parts
Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability BS Reporter New Delhi The microfinance business continues to prioritise larger loan sizes. According to CRIF High Mark's 'MicroLend March 2025', loans between Rs 30,000–50,000 declined by 6.7 per cent quarter-on-quarter (QoQ), while those up to Rs 30,000 contracted by 8 per cent. Loans in the Rs 50,000-80,000 range saw a moderate QoQ decline of 0.4 per cent. Despite a small base, loans of Rs 80,000, particularly those over Rs 100,000 grew beyond industry trends, indicating a shift toward higher-ticket loans, likely among existing customers. Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability. While current indicators suggest cautious lending and persistent stress in parts of the portfolio, improvement in early-stage performance and a gradual move towards higher-quality credit segments are encouraging trends.
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Business Standard
3 days ago
- Business
- Business Standard
Adani Energy Solutions may invest around ₹6K cr in cooling solutions biz
Adani Energy Solutions plans a Rs 5,000-6,000 crore investment in centralised cooling, setting up India's largest unit at Mundra with Cooling-as-a-Service model BS Reporter New Delhi Listen to This Article Adani Energy Solutions (AESL) is undertaking centralised cooling solutions projects with a cumulative capacity of 52,000 TR (tons of refrigeration), including setting up India's largest such cooling facility in Mundra, it said in its latest annual report. The company is additionally pursuing projects worth a quarter of a million (0.25 million) TR across geographies and sectors. While the capex details were not revealed, industry experts indicate these projects may see investments of around Rs 5,000–6,000 crore. The upcoming Mundra facility, with a capacity of 45,000 TR, will be India's largest and serve industries in the region.
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Business Standard
20-05-2025
- Business
- Business Standard
Abu Dhabi's G42 partners Mistral AI on next-gen AI for Global South
G42 and Mistral AI to collaborate on next-gen AI models, platforms and infrastructure for industrial applications across Europe, the Middle East and Global South BS Reporter New Delhi Abu Dhabi-based technology group G42 has partnered with France-based Mistral AI to co-develop next-generation AI platforms and infrastructure, and collaborate on AI model training and AI agents that will cater to industrial applications across Europe, the Middle East and the Global South, the two companies said. 'The collaboration will bring together G42's operational scale and AI capabilities, via its various operating companies, including Core42 on AI infrastructure and Inception on AI platform and solutions development, with Mistral AI's frontier research, solutions and products in open-weight large language models,' the two companies said in a joint statement. As part of this collaboration, Mistral AI and G42 will also explore opportunities to promote each other's offerings in existing and new international markets, the companies said. 'Together with Mistral AI, we're not just building technology, we're laying the groundwork for a digitally interdependent future where trust and transparency are non-negotiable,' said Peng Xiao, group chief executive officer of G42. As part of this agreement, Mistral AI will also explore opportunities to collaborate with Abu Dhabi's Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) for the development of frontier foundation models, talent development and the translation of cutting-edge research into real-world AI solutions, as part of the collective efforts to support next-generation AI platforms and infrastructure, the companies said in their press release.
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Business Standard
13-05-2025
- Business
- Business Standard
AI infrastructure startup Flam raises $14 million in Series A round
Flam will use the capital to scale its GenAI product suite, expand across North America, Europe and the Middle East, and deepen mixed reality infrastructure in Asia BS Reporter New Delhi Listen to This Article AI infrastructure startup Flam has raised $14 million in its Series A round led by RTP Global, with participation from Dovetail and other strategic investors. With this round, Flam has raised a total of $22 million to date. The company will use the funding to enhance product development and innovation, expand its presence across North America, Europe and the Middle East, and deepen operations in Asia. It also plans to scale its proprietary infrastructure, broaden its partner programme for creative studios and platforms, and roll out a new enterprise-grade suite of products. "Our mission is to turn every touchpoint —
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Business Standard
13-05-2025
- Business
- Business Standard
Fitch expects Indian power gencos' credit ratings to remain stable
Fitch Ratings says Indian power gencos are insulated from volume risk due to regulated assets and fixed-tariff contracts, despite a slowdown in electricity demand growth BS Reporter New Delhi Fitch Ratings does not expect the credit profiles of most of its rated power companies in India to be directly affected, even if power demand growth is lower than anticipated in the next few years. The rating agency expects India's power demand to grow by 4–5 per cent over the medium term, similar to the 4 per cent growth recorded in the financial year ended March 2025 (FY25), but slower than the roughly 8 per cent growth seen over FY22–FY24. 'Fitch-rated Indian power generation companies' (gencos) credit profiles should be resilient to moderately weaker demand, as they generally benefit from the high availability of their regulated assets and/or long-term fixed-tariff contracts,' the agency said in its latest report. The slowdown in power demand growth in FY25 was sharper than expected, partly reflecting slower GDP growth, Fitch said. 'We would not expect NTPC Limited (BBB-/Stable), Power Grid Corporation of India Ltd (BBB-/Stable) and Adani Energy Solutions Limited (BBB-/Negative) to be affected by volume risks, as a large part of their cash flow is linked to the high availability of their generation or transmission assets,' it said. The agency noted that other operators benefit from predictable revenue flows due to long-term fixed-tariff contracts and 'must-run' provisions for renewable generation. 'Nonetheless, some power gencos' credit profiles could be indirectly hurt if a prolonged sector downturn were to weaken the financial profile of state-owned distribution companies (discoms). These are the key off-takers of electricity and have historically had a mixed record on payment punctuality,' the rating agency said.
