MICRO Financial News

As DEX-launched cryptocurrencies continue to explode, Micro Coq (MICRO) token has emerged as the latest moon-shot after posting a jaw-dropping +3,000% rally, but could this new meme coin be next?

Delhi University is set to implement enhanced security measures for its degree certificates to combat forgery. These new measures will be introduced during the university's centenary convocation in February.

The trust posted an 8.2% drop in net asset value per share and an 8.3% fall in its share price in the six months to 31 August 2023.

Micro Labs, a Bengaluru-based pharmaceutical company, is making its entry into the high-growth over-the-counter (OTC) segment by introducing a range of wellness products. As per a TOI report, the company initially plans to transfer a portion of its 'legacy' Dolo brand into the OTC segment. OTC medicines generally do not require a doctor's prescription and include products such as immunity-boosting vitamins, skin ointments, lozenges, and pain relief gels.

₹50,000 in incremental tranches. As per the report around 70 lakh loans disbursed to date, benefiting over 53 lakh street vendors, with a total value exceeding ₹9,100 crore. The scheme provides loans in three tranches (1st Term loan up to ₹10,000; 2nd term loan up to ₹20,000 and 3rd term loan up to ₹50,000).

Apollo Micro systems, as the company's shares delivered a phenomenal return. The shares, which were trading at a value of ₹22.85 apiece a year ago, have seen a meteoric rise of 230% to trade at the current market price of ₹75.45. From its all-time low of ₹3.95 apiece in January 2020, the stock has zoomed 1810% to date.

Mastercard and IT major Bizom today announced a collaboration to extend a holistic digital supply chain financing solution to over 75 lakh micro retailers and 2 lakh distributors of the Consumer Packaged Goods (CPG) industry. Small retailers and distributors in India face several challenges including supply chain disruptions, inventory management, payment issues, limited technical skills and lack of access to capital, that impacts their business operations and growth prospects. According to recent reports, out of over 64 million MSMEs in India, only 14 per cent have access to formal credit. The partnership between Mastercard and Bizom will aim to address this gap and help retailers to grow their business. Mastercard Inc is the second-largest payment-processing corporation worldwide.

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Manappuram Finance has filed Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5, the company informed the exchanges. The proposed initial public offering (IPO) of equity shares would be undertaken at face value of ₹10 each, comprising fresh issue up to ₹1,500 crore, the release added. Also Read: Kerala High Court negates FIR against Manappuram Finance CEO VP Nandakumar in money laundering case Founded in 2008 by SV Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for ₹48.63 crore.

Apollo Micro Systems Ltd (AMSL) on Saturday said it has incorporated a separate entity to carry out the business in the defence sector.

Multibagger stock: Apollo Micro Systems Ltd shares are one of the small-cap stocks under ₹100 that have delivered whopping return to its positional investors. The small-cap company has informed Indian exchange that it has incorporated its subsidiary company Apollo Defence Industries Private Limtied.

HDFC Ltd). Categorised as Upper Layer by the Reserve Bank of India (RBI) large NBFCs are now subject to bank-like regulations for capital, liquidity, governance and operational requirements. Also, lenders are building multi-dimensional underwriting models by embedding credit score, predictive bureau insights and customer’s alternative data from other sources facilitated by government digital public infrastructure According to IIFL Securities, these new segments are large, enabling large NBFCs to grow faster even at scale of 23% FY23-26 AUM Cagr versus 16% 10 year Cagr.

Check out the companies making headlines before the bell:

Cipla while InCred initiated coverage on Fusion Micro. Also, Morgan Stanley recommended an Equal Weight on Tata Steel, and DAM Capital initiated coverage with a buy rating on AU Small Finance Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Cipla: Buy| Target Rs 1420 Motilal Oswal maintained a buy rating on Cipla but raised the target price to Rs 1420 from Rs 1130 earlier.

IDFC First with a hold rating. ICICI Securities recommends an ADD on Tarsons Products and Prabhudas Lilladher retains a buy on L&T.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Fusion Micro Finance Ltd: Buy| Target Rs 780 Investec initiated coverage on Fusion Micro Finance with a buy rating and a target price of Rs 780.

Assam government on Tuesday tabled a legislation which will exclude the entities regulated by RBI from the ambit of Assam Micro finance institution (regulation of money lending) act, 2020. Assam has earlier made a law to regulate the MFI sector. The bill stated Assam Micro finance institution (regulation of money lending) act, 2020 has been made applicable to all the RBI regulated entities including NBFC-MFIs too.

Is there a simple way to invest in Nifty Next 100 and Nifty Microcap 250 companies? Please suggest some ETFs (exchange traded funds) or mutual funds investing in these indexes. —V Muralidhar Naidu At present, there are prominent ETFs offered by mutual funds that invest passively in Nifty Next 50 Index, which are Nifty 100 companies after excluding the top-50 companies in terms of market capitalization (Nifty 50 companies). While you plan to invest in companies beyond the top 100 then you can consider investing in Nifty Mid Cap 150 ETFs where the investment is done in companies ranked 101-250 based in terms of market capitalization (m-cap).

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.

Finfluencers are back in action, with fake screenshots, telegram channels and even mentorship. Ask Mayank Saw, a commerce student from Dhanbad in Jharkhand. Saw spent 14 months trying to time the market but was unsuccessful. Frustrated, he turned to Youtube videos to check if he could get any leads. That’s when he stumbled on a video posted there by Abhishek Kar, showcasing screenshots of the lakhs of rupees in profits that he had made by trading in derivatives.

loan waiver announcements closer to the elections. However, the impact of such announcements, if any, may just be short-lived as bottom-of-the-pyramid borrowers have over the years leant the importance of maintaining a healthy credit score. Captains of the microfinance industry said that their borrowers have now become savvy and know that a good repayment ensures timely dose of loans when they require it the most. So, debt waiver announcements could only derail repayment just temporarily and would not translate into default and significant escalation in credit cost. «Unless specific debt waiver announcements are made for microfinance like in Assam, the impact could be temporary.

micro irrigation schemes between 2013-14 and 2017-18, according to latest official census data released on Saturday. The sixth census of minor irrigation (MI) schemes showed that the number of both groundwater and surface water schemes have increased at the national level. Out of 23.14 million MI schemes examined, 21.93 million (94.8 per cent) constitute groundwater schemes, while 1.21 million (5.2 per cent) are classified as Surface Water Schemes. This underscores the substantial reliance on groundwater resources for irrigation needs. There has been a delay in release of the 6th census due to COVID-19 and work on the 7th census has already been started, a senior official said. The census data revealed that Uttar Pradesh claims the largest share of MI schemes, closely trailed by Maharashtra, Madhya Pradesh, and Tamil Nadu. Defined as structures within either groundwater or surface water categories with a Culturable Command Area (CCA) up to 2,000 hectares, these minor irrigation schemes have surged by about 1.42 million, according to the latest census. The sixth census records a total of 23.1 million schemes compared to 21.7 million in the fifth census, signifying a 6.9 per cent increase in groundwater schemes and 1.2 per cent in surface water schemes at the national level. The census differentiates between groundwater and surface water categories, including dug wells, shallow, medium, and deep tube wells.