Credit card usage in Mumbai saw an 8% rebound last month, reaching ₹2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand.Read More
Spandana Sphoorty narrowed its December-quarter loss to Rs 95 crore as asset quality improved and collections stabilised. Gross NPAs declined, disbursements rose sequentially, but loan book contraction, write-offs and covenant non-compliance kept the microfinance lender in the red this quarter.Read More
Mindspace Business Parks REIT posted strong December-quarter performance, with net operating income rising 29% and revenue up 27%. Leasing momentum stayed robust, occupancy touched 94.5%, distributions increased, debt costs fell, and portfolio expansion continued across key Indian office markets nationwide.Read More
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